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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
Asian LNG prices have followed surging TTF prices due to the squeeze on global gas supplies
- Asian buyers are competing with Europe in attempting to secure LNG supplies to replenish stocks and cover winter demand. Despite the rallying JKM prices the front month spread to TTF is still at a discount of about -20$/mmbtu.
- The US LNG netback to Europe for October is estimated at 83.91$/mmbtu to Asia has increased to 54.59$/mmbtu.
- Europe is expecting another 8 LNG cargoes to arrive at terminals before the end of the month ahead of the outage to Nord Stream pipeline flows on Aug 31.
- The graph below compares the price of gas markets in $/mmbtu:
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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