MNI BRIEF: Fed's Kugler Sees Renewed Progress On Inflation

MNI BRIEF: IMF Cuts Japan 2024 GDP View To +0.7% Vs. Apr 0.9%

CANADA JUNE CPI +2.7% YOY VS FORECAST +2.8%, PRIOR +2.9%

MNI China Daily Summary: Tuesday, July 16

MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

MNI China Press Digest July 16: LPR, Q2 Data, Property

EZ/UK Bond Supply Calendar: Greece, UK, Germany Due Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction on Wednesday

MNI: US MAY BUSINESS INVENTORIES +0.5%; SALES +0.0%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Gazprom, CNPC Gas Deal Could Free LNG Cargoes in Nov, Dec

NATURAL GAS

The agreement between China’s CNPC and Gazprom for additional gas pipeline imports for the remainder of this year through the Power of Siberia 1 pipeline could free some global LNG cargoes for the remainder of this year according to BNEF.

  • Gazprom initially planned to increase gas deliveries to China to 86.5mcm/d in January 2024, from current levels of 63.4mcm/d, according to PipeChina.
  • The companies didn’t release details on the additional volumes planned but BNEF estimates China will receive an additional 1.4bcm of pipeline gas from Russia in the next two month.
  • This will increase total Russian pipeline gas imports in 2023 to 23.4bcm, a 6% increase from earlier planned volumes of 22bcm, meaning some of the volumes will replace spot LNG cargoes for the remainder of this year, increasing global availability.
Energy BulletsCommodities
Energy 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.