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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 deliveries to Europe and Turkey fell 5% last week to around 3bcm according to Kpler data. Supply could reach its highest in over five months with nearly 3.3bcm expected this week according to Montel.
- The monthly imports are this month set to reach their highest since May at around 12.5bcm so far in October and a 25% increase from September.
- The resumption of LNG deliveries from Egypt looks unlikely after the halt to Egypt’s gas imports from Israel. Markets have been closely watching the restart of Egypt’s LNG exports, that were scheduled to resume this month and are typically sent to Europe throughout the winter.
- The 80,000cbm capacity Dapeng Princess vessel which loaded a cargo from Egypt's Idku plant on 12 October is diverting away from Italy to the UK according to ICIS. The cargo is now expected to the UK Isle of Grain terminal on 2 November.
- Total European LNG sendout was at 328mcm/d on 28 Oct having averaged around 350mcm/d in the previous week according to Bloomberg.
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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