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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
Global gas prices continue to pull back on the back of EU measures to reduce consumption.
- Despite the fall, prices are still well above the already high levels seen at the start of the year. High gas prices are causing demand destruction and switching from gas to coal and oil.
- EU are increasing LNG import capacity but global competition for LNG supply will remain strong with an increase in new global liquefaction capacity not expected until 2024 and beyond.
- Investment is taking place into LNG liquefaction with expansion projects in US and Qatar. The North Field expansion project in Qatar aims to increase LNG output by 64% by 2027. US LNG export capacity is expected to grow from the start of 2024 with the introduction of Golden Pass LNG, Plaquemines LNG and Corpus Christi Stage III.
- TTF OCT 22 down -1.4% at 184.87€/MWh
- NBP OCT 22 down -2.1% at 281.62p/th
- JKM Oct 22 down -6.3% at 39.91$/mmbtu
- JKM-TTF Oct 22 down -1.4$/mmbtu at -13.15$/mmbtu
- US Natgas OCT 22 up 0.7% at 7.14$/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.
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