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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
Net imports to NW Europe reached the highest since April on Friday last week at nearly 289mdm/d.
- Total European LNG imports have average 420mcm/d since mid last week compared to around 373mcm/d over the previous week.
- The front month JKM-TTF spread is back out to -6.5$/mmbtu from a slight premium to JKM at the end of October. JKM has continue to drift lower and the decline in TTF has slowed.
- The December US LNG netback to Europe is down to 27.1$/mmbtu but the netback to Asia is also lower at 19.52$/mmbtu.
- TTF DEC 22 down -2.2% at 115.55€/MWh
- NBP DEC 22 down -1% at 281.09p/th
- JKM Dec 22 up 2.5% at 27.88$/mmbtu
- JKM-TTF Dec 22 up 1.1$/mmbtu at -6.37$/mmbtu
- US Natgas DEC 22 up 0.7% at 6.18$/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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