MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Egypt To Resume LNG Exports By October

LNG

Egypt is targeting a resumption of LNG exports by October at the start of autumn, amid available excess quantities in winter, as most of Egypt’s natural gas production in summer is consumed domestically, petroleum minister Tarek El Molla said.

  • Last year’s summer exports increased because the government switched from using natural gas in power stations to mazut fuel oil in order to bank on the higher natural gas prices.
  • “We exported more gas because we relied more on fuel oil which last year was cheaper than natural gas so I’d import mazut and export natural gas,” said El Molla. “Today it’s the opposite.”
  • Egypt had not exported any LNG in June because of seasonal factors, while one shipment was expected in July, the minister.
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