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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.
ENERGY SECURITY
The EU-US Energy Council meets today in Washington amidst Ukraine fears to '...move forward our ongoing work to ensure world energy markets are stable and well-supplied.’
- The council has limited options for dealing with present disruption but the crisis has exposed flaws in Europe’s energy security architecture and prompted focus on building preventative measures into Europe’s energy security framework.
- Paul Bledsoe strategic adviser at PEPI: ‘The council's immediate task is to line up additional natural gas and other electricity supplies in case Russian gas is cut off.’
- This will include increased supply from Qatar, Algeria, and Azerbaijan and development of LNG facilities to receive shipments from the US and Australia.
- One potential option is to fast track Canadian LNG facilities. Canada has 73 trillion cubic feet (tcf) of proven natural gas reserves but will not have the LNG terminals to export LNG until 2025.
- Chart 1 shows increased LNG capacity in Europe since the Ukraine gas crisis in 2005
- Chart 2 shows the stark divergence in supply and demand in Europe and necessity of future proofing supply
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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