MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Gas Supply Problems Still a Risk: RWE

NATURAL GAS

Germany must accelerate construction of gas import infrastructure to avoid supply squeezes, RWE CEO Markus Krebber said, reported by Reuters.

  • "We don't have any buffer in the gas system…If there is very cold winter or supply disruptions it can lead to very critical situations - and as a result to shortages and significantly higher prices," he said.
  • Germany has turned to floating LNG terminals, FSRUs, to plug the gap left by Russian gas. Three FSRUs are currently working, in: Wilhelmshaven, Brunsbuettel and Lubmin.
  • According to Krebber, there is a risk of delays with further infrastructure, and it is critical for the German Government in Berlin to continue the expansion of planned LNG infrastructure.
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