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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
Overall LNG imports are set to fall in February from last month according to Bloomberg ship tracking amid muted demand and high storage levels in Europe towards the end of the winter heating season.
- Scheduled imports are robust in the first week of March although fewer cargoes are signalling the region later in the month. A total of 17 are currently scheduled to arrive in the first two weeks of March.
- A total of about 60 tankers have already arrived or are schedule to arrive into NW Europe before the end of February according to Bloomberg yesterday. This compares to 80 cargoes in January and 74 in December.
- About 64% of Arrivals this month have originate from the US with 18% from Russia and 5% from Qatar.
- European LNG sendout has averaged 365mcm/d in the week to Feb 27 compared to 349mcm/d throughout February so far according to Bloomberg. The net import flows remain well below the Feb 2023 average of about 440mcm/d.
- TTF APR 24 down -2.3% at 25.01€/MWh
- TTF SUM 24 down -2.1% at 25.45€/MWh
- TTF WIN 24 down -1.5% at 29.91€/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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