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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 – European LNG sendout has surged this week to the highest since January at 420.8mcm/d on Dec. 3 compared to an average of 352mcm/d over the previous week, according to Bloomberg.
- Total European LNG cargo arrivals rose sharply last week to the highest level of weekly arrivals since November last year at 41, according to ICIS.
- NW European LNG imports rose to 54 in November from 46 in October but still below a total of 77 arrivals seen in November 2023, according to Bloomberg ship tracking data. Tracking this week showed a total of 30 cargoes either arrived or scheduled for December so far into NW Europe.
- The profitability of US LNG exports to Asia and Europe are close to parity throughout the winter but slightly favour supply to Asia although then favour Europe into the summer months, according to BNEF. For January delivery, profitability of US LNG exports to Asia is $11.31/mmbtu and to Europe is $11.03/mmbtu.
- TTF JAN 25 up 0.8% at 47.43€/MWh
- JKM Jan 25 up 0.6% at 15.03$/mmbtu
- JKM-TTF Jan 25 down 0.2$/mmbtu at 0.37$/mmbtu
- US Natgas JAN 25 up 2.1% at 3.11$/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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