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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
Natural gas demand in China is recovering at a slower than expected pace amid larger-than-normal inventories but transport sector gas demand is improving according to Bloomberg.
- The economics of LNG are improving against alternate fuels to help boost transportation gas demand with consumption outpacing China’s total gas demand growth in 2023.
- China’s total gas consumption increased 3% year-on-year to 97bcm in Q1 while the transport sector increased 5% due to the competitive LNG price.
- LNG-fuelled heavy-duty commercial vehicles sales more than tripled in January-April from the same period last year.
- Domestic LNG prices fell 70% below diesel prices at the beginning of February. LNG heavy-duty vehicles become more economical compared with diesel-powered trucks when LNG prices are lower than 70% of diesel prices.
- Gas demand in China is forecast to increase 9% yr/yr in Q2 to 87bcm with the transport sector potentially up 16% according to Bloomberg.
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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