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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.
LNG
North Asian spot LNG prices have reached a near three-year low, amid milder weather, healthy stockpiles, and robust global supply.
- The JKM stands at $8.29/MMBtu, the lowest since April 2021, down 16% on the month.
- Sources told Bloomberg that there is ample global supply, amid high storage levels at the end of peak winter and stronger exports from Australia, Nigeria, and the UAE.
- JKM is now down around 90% from its record in March 2022, following Russia’s invasion of Ukraine.
- The falling prices will likely spur demand in price-sensitive markets, such as India and China. At current levels, LNG becomes competitive against alternative fuels in these regions.
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.
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