Free Trial
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.
NATURAL GAS
The TTF gas premium of Q1 2024 over Q3 2023 has narrowed by over 4€/MWh in the last week as falling summer natural gas prices and steady European storage injections have started bringing winter forwards lower.
- Upside risks from a cold winter and increased LNG demand from Asia had driven the spread as high as 21.6€/MWh on 11 May. The reached a low of around 17.4€/MWh yesterday before recovering to 18.15€/MWh today.
- Tighter supplies, signs of increasing demand from Japan and mainland China in the last week, and the forecast of warmer weather across Europe are supporting TTF markets today. Norwegian field maintenance into June and the Hammerfest LNG outage until 27 May are limiting short term supplies into Europe.
- TTF JUN 23 up 2.3% at 32.57€/MWh
- TTF WIN 23 up 3.2% at 49.25€/MWh
- TTF SUM 24 up 3.2% at 49.41€/MWh
Source: 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok