MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Gas Spreads Favour Europe despite High JKM

LNG

Gas spreads strongly favour LNG flows to Europe despite high Asia prices and Japan, S Korea and Taiwan looking to secure for LNG supplies for winter.

  • TTF SEP 22 up 1.6% at 273.25€/MWh
  • JKM Sep 22 down -2.6% at 56.33$/mmbtu
  • The potential end of the Prelude wage dispute and restart of the Australian export facility should help ease supply to Asia and therefore some of the pressure on global LNG supplies. However, US Freeport LNG yesterday announced a postponement of their restart from October to November therefore delaying the return of supply to the gas market.
  • The October US netback to Europe is estimated at 70.45$/mmbtu while the netback from US to Asia is 44.80$/mmbtu.
  • LNG imports into NW Europe are just below 200mcm/d compared to a seasonal normal of closer to 50mcm/d. Imports peaked in March at around 300mcm/d.
Energy BulletsPower BulletsCommodities
Energy BulletsPower BulletsCommodities

To read the full story

Close

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.