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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 has ramped up spot LNG purchases in the first quarter of this year after JKM prices fell to their lowest level since 2022 according to BNEF.
- China purchased at least 45 spot LNG cargoes in 1Q 2024, the highest post-pandemic level.
- LNG imports into China during the first half of this year could rise to 38mn tons, up by 15% on the year, due to cheaper spot LNG.
- Chinese natural gas consumption is forecast to rise by 9% on the year to 203bcm in 1H 2024, driven by growth in the transport sector.
- Pipeline natural gas imports are estimated to rise by 16% on the year to 27bcm in 1H 2024, amid an increase in Gazprom’s flows to China.
- JKM Apr 24 up 3.7% at 9.77$/mmbtu
- JKM-TTF Apr 24 down 0$/mmbtu at 0.71$/mmbtu
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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