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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.
LNG
Northeast Asian spot LNG prices remained below 10$/mmbtu with demand in the region still limited due to high stocks and increased nuclear generation and resulting in a significant volume of global LNG at sea wating to unload.
- The lower prices continue to encourage interest from price sensitive buyers in south Asia with Thailand’s PTT this week seeking two cargoes for delivery in the second half of July.
- Typical importer Kyushu Electric in Japan is however considering selling a shipment for July. Low demand from key buyers Japan and South Korea is driven by high inventory levels and increasing nuclear generation.
- Japanese nuclear generation was up 68% on year in April with May and June expected above 100% yoy despite delay in restart of Takahama 1-2 according to ICIS. The two reactors were previously forecast to restart on 3 June and 15 July, but new restart dates have not been set.
Source: ICIS
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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