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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.
NATURAL GAS
The change in European natural gas storage is showing a small net injection according to GIE data. Warm end of season weather in NW and central Europe has taken pressure off supplies as TTF front month trades near the lowest since Jul 2021 around 40€/MWh.
- European gas in storage is at 55.75% according to GIE data from 19 Mar compared to the five year average of 34.9% after net injections in the last two days.
- EU natural gas storage has seen a net injection of 428GWh/d on 18 March and 264GWh/d on 19 March compared to the five year average net withdrawal rate for this time of year of approximately 2,000GWh/d.
- The countries with the largest gas in store volumes are Germany at 159.80TWh (63.96% full), Italy at 109.86TWh (58.70%), Netherlands at 81.56TWh (58.7%), Austria at 63.93TWh (66.08%) and France at 38.77TWh (29.02%).
Source: GIE / 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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