Free Trial
US

Atlanta Fed GDPNow Q1 '23 Est

EQUITIES

Earnings Cycle Reaches Critical Mass Next Week

US 10YR FUTURE TECHS

‌‌(H3)‌‌ Approaching Support

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

TTF Steady on High Storage Levels and Warmer End to Jan

NATURAL GAS

European gas edges lower as weather forecasts show temperatures in NW Europe returning towards normal or even above over the coming weekend and remaining there into the first week of February.

    • TTF FEB 23 down -0.1% at 66.8€/MWh
    • TTF SUM 23 up 0% at 68.44€/MWh
    • TTF WIN 23 down -0.1% at 76€/MWh
  • LNG supplies to Europe increased last week as the cold weather increased demand and despite spreads just encouraging flows to Asia over Europe. Total EU LNG supplies were up from 370mcm/d on 15 Jan to 484mcm/d on 18 Jan.
  • High European gas storage is well above normal due to the warm weather this winter and EU efforts to reduce demand. EU storage was at 78.35% full on 21 Jan compared to the five year seasonal average of 58.4%.
  • Norwegian imports are down to 304.3mcm/d due to planned maintenance at Visund and an unplanned capacity reduction at Oseberg. Gas transit flows via Ukraine are again low at just 24.4mcm/d.
158 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

European gas edges lower as weather forecasts show temperatures in NW Europe returning towards normal or even above over the coming weekend and remaining there into the first week of February.

    • TTF FEB 23 down -0.1% at 66.8€/MWh
    • TTF SUM 23 up 0% at 68.44€/MWh
    • TTF WIN 23 down -0.1% at 76€/MWh
  • LNG supplies to Europe increased last week as the cold weather increased demand and despite spreads just encouraging flows to Asia over Europe. Total EU LNG supplies were up from 370mcm/d on 15 Jan to 484mcm/d on 18 Jan.
  • High European gas storage is well above normal due to the warm weather this winter and EU efforts to reduce demand. EU storage was at 78.35% full on 21 Jan compared to the five year seasonal average of 58.4%.
  • Norwegian imports are down to 304.3mcm/d due to planned maintenance at Visund and an unplanned capacity reduction at Oseberg. Gas transit flows via Ukraine are again low at just 24.4mcm/d.