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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 import flows to Europe have fallen to 420mcm/d from record levels of up to 529mcm/d on 16 Dec as cold weather in NW Europe has given way to above normal temperatures at the end of December and into January.
- Falling European gas prices have closed the premium over Asian gas prices with the JKM-TTF spread showing as positive over the last week. The spread was as low as -15$/mmbtu on 9 Dec.
- The US LNG netback to Europe for Feb is estimated at 20.67$/mmbtu compared to the US netback to Asia at 22.47$/mmbtu according to Bloomberg. The netback calculations show spreads in favour of flows to Europe for March and into the summer months.
- TTF JAN 23 up 5.9% at 86.12€/MWh
- NBP JAN 23 up 7.2% at 202p/th
- JKM Jan 23 down -7.4% at 28.51$/mmbtu
- JKM-TTF Jan 23 down -2.9$/mmbtu at 1.87$/mmbtu
- US Natgas FEB 23 down -0.1% at 4.68$/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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