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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
Cooling weather forecasts in Europe have driven TTF front month up around 10% today
- The higher European gas prices have widened the JKM-TTF spread back out to -5$/mmbtu having closed in to nearly -2$/mmbtu late last week. The spreads still favour LNG flows to Europe for December with the US netback to Europe at 21.91$/mmbtu and to Asia at 18.92$/mmbtu according to Bloomberg calculations.
- Netbacks still favour US LNG flows to Europe over Asia throughout this winter.
- Northeast Asia spot LNG are holding steady in the low 20$/mmbtu with front month JKM just over 27.2$/mmbtu.
- Net LNG flows to NW Europe averaged up around 265mcm/d last week with total EU imports at 428mcm/d.
- TTF DEC 22 up 10.5% at 108.1€/MWh
- NBP DEC 22 up 15.3% at 263.28p/th
- JKM Dec 22 up 0.2% at 27.23$/mmbtu
- JKM-TTF Dec 22 down -2.5$/mmbtu at -5.29$/mmbtu
- US Natgas DEC 22 up 5.3% at 6.19$/mmbtu
Source: MNI / Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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