MNI: PBOC Sets Yuan Parity Lower At 7.1228 Thurs; +2.24% Y/Y

MNI: PBOC Net Drains CNY218.4 Bln via OMO Thursday

CHINA PBOC CONDUCTS CNY359.3 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1228 THURS VS 7.1307

MNI BRIEF: BOK Holds Rate, Downgrades GDP, CPI View

MNI: PBOC Net Drains CNY111.2 Bln via OMO Wednesday

MNI: UK AUG FLASH MANUF PMI 52.5 (FCST 52.2); JUL 52.1

MNI: EUROZONE AUG FLASH MANUF PMI 45.6 (FCST 45.8); JUL 45.8

MNI: GERMANY AUG FLASH MANUF PMI 42.1 (FCST 43.3); JUL 43.2

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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ConocoPhillips Invest in Qatar LNG Project

LNG

ConocoPhillips has invested a 3.1% stake in Qatar’s North Field East Gas Expansion Project

  • ENI have previously announced a 3.1% stake and Total a 6.3% stake in the project.
  • The North Field East project will increase Qatar’s capacity to 110m tons per year from the existing 77m tons per year. Operation of the 4 new LNG trains is scheduled to start in early 2026. A further 2 new trains in North Field South are planned to take production to 126m tons per year by 2027.
  • Currently 80% of gas output from Qatar heads to Asia but after the expansion the proportion to Europe is expected to raise to 40 - 50% according to Qatar’s Energy Minister.
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