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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.
NATURAL GAS
Global gas prices are following the pull back in European TTF gas with EU members suggesting easing tensions related to the gas balance for winter. Upside risks remain due to uncertainty over future Russian gas supplies.
- Spreads should still encourage LNG cargoes to Europe ahead of Asia despite the fall in TTF. The estimated US LNG netback to Europe is down from about 78$/mmbtu to 59.5$/mmbtu compared to a netback to Asia of 46.85$/mmbtu.
- TTF OCT 22 down -5.8% at 226€/MWh
- NBP OCT 22 down -6.1% at 431.05p/th
- JKM Oct 22 down -0.8% at 58.26$/mmbtu
- JKM-TTF Oct 22 down -1$/mmbtu at -9.45$/mmbtu
- US Natgas OCT 22 down -1% at 9.03$/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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