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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
China re-exported a record high volume of 0.4m tons of LNG in Q1 2023 according to Bloomberg vessel tracking data. The LNG equated to 22% of the global total suggesting muted domestic gas demand and was second only to Spain with 0.54m tons. Approximately half of the re-exports were sent to South Korea but with supplies also to Japan, Thailand and Bangladesh.
- China reloaded 0.56m tons of LNG in 2022 with most delivered when prices spiked higher between July and November.
- China is forecast to import 33.6m tons of LNG this summer according to Bloomberg, above its contracted demand levels.
- The chart below shows China's LNG re-exports by destination and monthly average LNG prices:
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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