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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
LNG imports into Europe and Turkey last week fell 18% from the previous week to the lowest since the first week of the year at 2.9bcm according to preliminary Kpler data cited by Montel.
- Imports could fall again this week with arrivals estimated to drop 21% to 2.3bcm amid weak demand and delays to cargoes from Qatar due to Red Seas diversions.
- Russian net imports into western Europe rose to the highest monthly level since March 2022 with 12 Yamal cargo arrivals in January according to Bloomberg.
- European LNG sendout was holding below levels seen last year at 318mcm/d on Feb 4 and just below an average of about 340mcm/d over the previous week according to Bloomberg.
- Bloomberg ship tracking shows about 16 arrivals currently scheduled to arrive into NW Europe in the coming couple of weeks after 80 arrivals in Jan.
- TTF MAR 24 down -3.8% at 28.2€/MWh
Source: MNI / 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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