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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
BNEF revised down its forecasts for LNG exports out of Egypt during this winter to 2.7mn tons, or around 41 cargoes, from 4.4mn tons forecasted earlier in October, after the Israel-Hamas conflict caused a halt to natural gas pipeline flows from Israel to Egypt.
- During last winter Egypt exported 4.5mn tons of LNG.
- So far in October, Egypt shipped two LNG cargoes, one of which was loaded after the start of the conflict in Israel.
- Egypt typically exports LNG during the winter month to Europe and Turkey, with Spain and Turkey likely to be most affected by the decline in shipments.
- Northwest Europe and Italy are also likely to lose cargoes as the share of Egyptian LNG to the region rose to 20% last winter, from 13% a year earlier due the increased need for LNG following the halt to Russian gas pipeline flows.
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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