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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 net import flows to Europe ease back to 425mcm/d from as much as 487mcm/d over last weekend on 20 Jan. Imports to NW Europe are just under 300mcm/d compared to a peak of 336mcm/d during the cold spell in early December.
- The Feb JKM-TTF spread is back up to +4.3$/mmbtu with JKM above TTF since 19 Dec. The gas spreads have moved more strongly in favour of flows to Asia over Europe. The US netback to Europe for March is estimated slightly lower at 15.47$/mmbtu and the netback to Asia is higher up to 18.42$/mmbtu. The netbacks for the summer months have swung back in favour of flows to Asia over Europe.
- TTF FEB 23 down -10.7% at 58.92€/MWh
- NBP FEB 23 down -10% at 150p/th
- JKM Feb 23 up 1.9% at 23.26$/mmbtu
- JKM-TTF Feb 23 up 1.4$/mmbtu at 4.36$/mmbtu
- US Natgas FEB 23 down -1.9% at 3.38$/mmbtu
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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