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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
Global LNG imports are forecast to drop by 13% month on month in February, due to lower heating demand amid milder weather and lower industrial activity in China due to the Lunar New Year Holiday according to BNEF.
- Global LNG imports are forecast to reach 33mn tons in February, down from 37.9nn tons in January.
- Chinese natural gas consumption is forecast to reach 33.1bcm this month, up by 5% on the year but down by 12% from January estimates as the Lunar New Year Holiday will slow factory activity.
- Northwest Europe and Italy are expected to import 5.7mn tons of LNG this month, down by 10% on the year.
- European gas inventories are forecast to end the heating season at 51% of capacity.
- Global LNG supply is estimated to reach 33.5mn tons this month, 9.4% lower on the month.
- The outage at the Freeport liquefaction Train 3 is expected to weigh on US LNG supply that is forecast to fall 0.9mn tons month on month to 7.5mn tons in February. This is still 0.6mn tons higher on the year.
- Qatari LNG supply might also be lower in February as its fleet needs to divert via the Cape of Good Hope, which could impact the producer’s loading schedule.
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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