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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
Falling TTF prices have closed the spread to JKM but November remains at a premium of 8.4$/mmbtu.
- The US netback to Europe is lower at 39.96$/mmbtu while the netback to Asia is largely unchanged at 29.32$/mmbtu according to Bloomberg data. The data shows the netback in favour of sending LNG cargoes to Europe throughout the coming winter with Europe at least 10$/mmbtu higher than Asia.
- EU imports are slightly down on last week at about 335mcm/d compared to about 380mcm/d in the last week of September.
- Gas deliveries to US export terminals are currently curtailed due to the ongoing outage a Freeport, maintenance at Cove Point and feedpipe maintenance at Sabine Pass.
- TTF NOV 22 up 3.7% at 168€/MWh
- NBP NOV 22 up 7.3% at 298.99p/th
- JKM Nov 22 up 0.3% at 38.2$/mmbtu
- JKM-TTF Nov 22 up 1$/mmbtu at -10.63$/mmbtu
- US Natgas NOV 22 down -1.5% at 6.73$/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.
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