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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
The North Asian JKM LNG spot price jumped up to 61.025$/mmbtu yesterday as global prices surged due to fears for Russian gas supply to Europe.
- Japan, South Korea and Taiwan are all trying to compete with Europe for LNG cargoes to boost winter supplies.
- The spot price reached the highest since early March when prices spiked due to Russia’s invasion of Ukraine. Front month JKM have also reached a new record at 57.8$/mmbtu.
- An alternative to gas for power generation is coal but the Newcastle coal has more than quadrupled in the last year, up from 104$/mt to 445$/mt.
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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