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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
Europe's LNG imports dropped by 20% yoy in Sep23, leading to their steepest drop since Russia's invasion of Ukraine according to IEA.
- Full storage sites combined with continued demand reductions in Europe widened the JKM premium over TTF to an average of $2.5/mmbtu.
- The premium encourages flexible LNG volumes to divert away from Europe towards the more lucrative Asia markets. China increased LNG imports by 20% yoy.
- The growing flexibility and liquidity of global LNG trade is increasingly sensitive to price signals. IGU recently highlighted almost half of global LNG is traded based on gas-on-gas competition.
- The drop in European LNG imports is reflective of current market dynamics but is by no mean a structural change. IEA expect LNG to remain a baseload source for the European market through the medium-term.
Source: IEA
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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