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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
Southern Europe natural gas imports from Algeria have remained strong so far this year through the TransMed pipeline to Italy and Medgaz pipeline to Spain according to S&P Global.
- Imports to Italy in the year to 18 May totalled 8.36bcm compared to 8.33bcm for the period last year and compared to 5.56bcm of LNG imports and 3.45bcm from Azerbaijan. Scheduled maintenance across the TransMed pipeline is expected to limit total flows during May.
- Spanish imports have recovered from a dip in Q1 to reach their highest level since February earlier this month. Algerian gas accounted for around 24% of Spain's gas supplies in 2022 behind 29% from US according to Enagas.
- Algeria produces around 100bcm/year with just under half exported and the rest consumed domestically.
Source: S&P Global
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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