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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.
NATGAS
China’s imports of pipeline natural gas stood at 4.77m mt in May, up 16.99% on the month, according to OilChem citing GACC data.
- The rise was attributed to growing electricity consumption amid higher temperatures in East and South China, coupled with robust vehicle LNG demand with natural gas cheaper than gasoil.
- Total imports from Jan-May stood at 20.50m mt, up 9.41% on the year.
- China’s pipeline natural gas imports are expected to rise further by 2.78% on the month to 4.90m mt in June.
- The uptick in June will be driven by higher LNG prices, which make pipeline imports more competitive. Higher temperatures across China will also bolster demand.
Source: OilChem
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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