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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 imports into Europe and Turkey last week fell 40% w/w to the lowest since Oct 2021 to almost 1.8bcm according to preliminary Kpler data amid subdued European demand and strong Asian, Montel said.
- European LNG sendout fell to the lowest since early October at 264mcm/d on Mar. 26 compared to an average throughout March of 330mcm/d according to Bloomberg.
- LNG arrivals are expected to recover this week to 2.6bcm, according to Kpler.
- Imports in March fell to the lowest in six months to 11.3bcm amid mild weather, high storage levels and robust Norwegian pipeline flows.
- Asian demand remained robust amid restocking, particularly in China and Japan according Energy Aspects. Imports to the region rose 27% last week, according to Kpler.
- US LNG exports fell slightly to 7.61m mt in March from 7.73m mt in February as production was constrained by train outages at Freeport. Europe remained the main destination for LNG supplies taking about 57% but down from 60.5% in February according to LSEG data. US supplies to Asia increased to 33% or 2.54mt from 25% in Feb and just a 17% share in Jan.
- US LNG exports are still slightly more profitable to Asia over Europe throughout the summer period according to Spark Commodities.
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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