Free Trial
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
The TTF and JKM premium over US natural gas continues to fall with the high inventory levels and muted demand driving the price decline in the importing countries.
- The TTF spread to US Henry Hub was down to about 8.15$/mmbtu on Friday having fallen about 91% since August. US LNG netback to Europe was up over 20$/bbl at the end of 2022 but has gradually fallen to 8.5$/mmbtu mid last week according to Bloomberg.
- Although US export demand could follow the seasonal decline over the summer month the upside risk to supplies in Europe and Asia next winter are likely to provide upside support later in the year. The US netback to Europe for November is about 5$/mmbtu higher than the near term summer months.
- The US is currently looking to secure financing to progress the development of numerous projects to increase the country’s LNG export capacity in the coming years.
- TTF JUN 23 down -1.2% at 32.38€/MWh
- JKM Jun 23 down -3% at 10.91$/mmbtu
- US Natgas JUN 23 up 1.4% at 2.3$/mmbtu
Source: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok