Free Trial

EU Imports Recover as Spreads Still Favour Europe over Asia

LNG

After a dip in LNG imports to NW Europe last week due to outages volumes are back over 200mcm/d this week.

  • Flows should remain strong with 22 cargoes currently expected into NW Europe before the end of the month. Strong LNG imports are helping to maintain injections into storage an cover for missing Russian supplies.
  • The JKM-TTF spread is back to -12$/mmbtu having closed in to -5$/mmbtu last week. Prices continue to favour flows to Europe with the US netback to Europe estimated at 49.77$/mmbtu compared to 32.67$/mmbtu to Asia.

Source: Bloomberg

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.