MNI: PBOC Net Drains CNY150.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1879 Tues; -2.42% Y/Y

JUSTIN TRUDEAU TO STEP DOWN AS CANADA LIBERAL LEADER AND PM

MNI China Daily Summary: Monday, January 6

MNI INTERVIEW2: China Central Gov Should Buy Unsold Houses

MNI China Press Digest Jan 6: PBOC Bills, Yuan, Capital Market

MNI: AUSTRALIA NOV BUILDING APPROVALS -3.6% M/M, +3.2% Y/Y

MNI: AUSTRALIA DEC DWELLING APPROVALS -3.6% M/M

MNI: UK BRC DEC BY VALUE SHOP SALES LFL +3.1% YY, TOTAL +3.2% YY

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG: Asia’s LNG Imports Rose To A Record In 2024

LNG
EM BulletCommoditiesEnergy BulletsBulletPower BulletsMarketsFixed Income BulletsForeign Exchange Bullets

European natural gas prices fell 1.3% to EUR 49.60 on Friday after a high of EUR 50.40 followed by a low of EUR 49.36 to end the week still up 3.3% as freezing weather impacts northern Europe. Russian flows through Ukraine ceased on Wednesday.

  • Austria’s Gas Grid Management stated that flows through Germany and Italy have been sufficient to replace the end of Russian gas following a contract dispute with Gazprom stopped shipments.
  • Europe’s competition for global supplies with Asia is likely to intensify this year with the end of Russian flows through Ukraine. In 2024, Asia’s LNG imports rose 7.3% to a record driven by China and India, based on ship-tracking data from Bloomberg. While to Europe they fell around 20%.
  • US gas prices fell sharply as forecasts signal that severe wintery weather will ease across the Midwest and east coast of the US around mid-January and output picked up driven by higher prices. Henry Hub was down 8% to $3.37, lowest since December 27, to be down slightly on the week.
  • The election of Trump as the next US President has increased expectations that US fossil fuel production will rise. However, before the end of his term President Biden is likely to ban new offshore oil and gas projects covering around 625mn acres of coast, according to Bloomberg. The area includes the Atlantic, Pacific and eastern Gulf of Mexico. The decision is likely to be announced today.
236 words

To read the full story

Close

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.

European natural gas prices fell 1.3% to EUR 49.60 on Friday after a high of EUR 50.40 followed by a low of EUR 49.36 to end the week still up 3.3% as freezing weather impacts northern Europe. Russian flows through Ukraine ceased on Wednesday.

  • Austria’s Gas Grid Management stated that flows through Germany and Italy have been sufficient to replace the end of Russian gas following a contract dispute with Gazprom stopped shipments.
  • Europe’s competition for global supplies with Asia is likely to intensify this year with the end of Russian flows through Ukraine. In 2024, Asia’s LNG imports rose 7.3% to a record driven by China and India, based on ship-tracking data from Bloomberg. While to Europe they fell around 20%.
  • US gas prices fell sharply as forecasts signal that severe wintery weather will ease across the Midwest and east coast of the US around mid-January and output picked up driven by higher prices. Henry Hub was down 8% to $3.37, lowest since December 27, to be down slightly on the week.
  • The election of Trump as the next US President has increased expectations that US fossil fuel production will rise. However, before the end of his term President Biden is likely to ban new offshore oil and gas projects covering around 625mn acres of coast, according to Bloomberg. The area includes the Atlantic, Pacific and eastern Gulf of Mexico. The decision is likely to be announced today.