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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 European LNG import flows have increased with the return of French terminals and with increased demand due to the reduction in imports from Norway due to field maintenance.
- Total European sendout was up at 499mcm/d on 18 Apr having only seen higher imports briefly in March and December when flows reached around 530mcm/d.
- Sendout from French terminals increased over the weekend as tanker started to unload after the strikes had halted operations from early March.
- The sendout compares to around 430mcm/d seen in the first half of April and 416mcm/d in March.
- The front month JKM-TTF spread remains relatively stable around -0.7$/mmbtu today with little sign of any significant pick up in demand from Asia yet.
- TTF MAY 23 up 0.3% at 40.41€/MWh
- JKM May 23 unchanged at 12.59$/mmbtu
- JKM-TTF May 23 down -0.3$/mmbtu at -0.75$/mmbtu
- US Natgas MAY 23 up 0.1% at 2.22$/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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