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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
LNG arbitrage to Asia has become increasingly challenging as European prices remain bullish, though muted European demand is keeping US volumes headed eastward, Platts said.
- The arbitrage for North Asia via the Cape and Panama Canals has been narrowing.
- The discount for the Cape of Good Hope route widened to 65.3 cents/MMBtu and the Panama Canal rout stands at just 16.1 cents/MMBtu. These are the weakest levels in two months.
- The arbitrage for South Asia is also dwindling, at 74.2 cents/MMBtu for the Cape route, the weakest since April.
- Europe’s buying interest remains weak – amid healthy storage and strong renewable supply. This is keeping cargoes pointed east despite the worsening economics.
- Asia took 43% of flexible US cargoes in July, up from 32% on July 2023. Europe’s share fell 20 percentage points year on year to 31% in July.
Source: S&P Global Commodity Insights
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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