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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
Egypt imported an LNG cargo over the weekend via Jordan which then go back through the pipes according to ICIS. The country has gone back and forth as an exporter to an importer over the last decade (see chart)
- Around 2015-2019 Egypt imported substantial volumes of LNG as its domestic gas balance changed, with home production unable to support domestic demand and exports.
- Improved production from facilities including ENI's Zohr field boosted gas output in recent years, allowing a halt in imports and an increase in exports.
- Egypt is however now reported to be looking to buy several cargoes over the peak summer demand season, raising questions as to whether the balance has shifted once more.
Source: ICIS
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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