Free Trial
SGD

Neer Edges Higher, CPI In Focus

AUSSIE BONDS

RBC Unwind AU/U.S. 10-Year Compression Trade Post-CPI

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

EU LNG Imports Increase After October Dip

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

Keep reading...Show less
126 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

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

Keep reading...Show less