MNI INTERVIEW: Fed QT Likely To Linger After Rate Cuts Start

MNI BRIEF: BOE Markets Head Sees Wider Collateral, More Repos

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CBRT Data Watch

NBH Data Watch

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EU Gas Sendout from LNG Facilities Drops to 7-Month Low: Platts

LNG
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletCEEMEA

EU gas sendout from LNG facilities has dropped to a seven-month low as reduced demand and healthy gas injections curtail LNG imports, according to Platts

  • Sendout levels from EU LNG hubs stood at ,797 GWh/d May 19, according to GIE data, the lowest level since Oct. 10.
  • Sendout is also 24% lower than during the same period in 2023, Platts said.
  • Platts analysts attributed this to week demand, with robust Norwegian flows and milder weather tapering demand.
  • While higher summer temperatures could boost some demand in certain European regions, healthy storage levels with dampen the urgency for imports.
  • Asia also remains the premium market for marginal cargoes. The JKM July price was assessed at $11.498/MMBtu May 21, while NWE LNG was at $10.111/MMBtu - or TTF minus 14 cents/MMBtu – May 20.

Keep reading...Show less
136 words

To read the full story

Close

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.

EU gas sendout from LNG facilities has dropped to a seven-month low as reduced demand and healthy gas injections curtail LNG imports, according to Platts

  • Sendout levels from EU LNG hubs stood at ,797 GWh/d May 19, according to GIE data, the lowest level since Oct. 10.
  • Sendout is also 24% lower than during the same period in 2023, Platts said.
  • Platts analysts attributed this to week demand, with robust Norwegian flows and milder weather tapering demand.
  • While higher summer temperatures could boost some demand in certain European regions, healthy storage levels with dampen the urgency for imports.
  • Asia also remains the premium market for marginal cargoes. The JKM July price was assessed at $11.498/MMBtu May 21, while NWE LNG was at $10.111/MMBtu - or TTF minus 14 cents/MMBtu – May 20.

Keep reading...Show less