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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
European LNG prices rose to a five-month high amid tightness in regional supply and boosted competition with other basins for LNG cargoes, Platts said.
- Heat waves in Asia have created stronger demand in APAC, creating higher competition for partial spot cargoes from the USGC.
- JKM prices are also the highest level since December at $11.498/MMBtu.
- While European natural gas inventories remain strong, LNG supply has been constantly restricting. This is beginning to become supportive for European prices.
- NWE-TTF spreads have remained consistently narrow, despite a strengthening in TTF, driven by the rising competition for LNG cargoes.
- NWE LNG is around a 17.5 cents/MMBtu discount to TTF, according to Platts data, while the discount has averaged 41 cents/MMBtu so far in 2024. In 2023 the discount averaged $1.70/MMBtu.
Source: S&P Global Commodity Insights
S&P Global Commodity Insights
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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