Free Trial
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.
LNG
The lowest LNG cargo prices in more than a year are attracting the interest of energy companies in Asian emerging markets.
- Thailand, India and Bangladesh have all increased interest to purchase cargoes at current lower market prices. Spot LNG prices are now competitive with the price of coal for power generation according to Rystad Energy.
- Asian spot LNG prices were below 20$/mmbtu for the first time since September 2021 at 19.50$/mmbtu last week. Inventories remain higher than normal towards the end of the peak winter heating season.
- Bangladesh's Petrobangla is planning to buy 10 to 12 cargoes of LNG from the spot market until June and Thailand's PTT is seeking 12 LNG cargoes to be delivered between February and April.
- US LNG netbacks for March still encourage supply to Asia although the difference has reduced as TTF has found support in recent days. The US netback to Europe is 14.61$/mmbtu and to Asia is 14.85$/mmbtu.
Source: 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok