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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 LNG imports are set to rise 2% m/m in May to 34.4m metric tons as seasonal cooling demand rises in China and emerging Asian markets, according to BNEF.
- Fundamentals remain bearish for spot LNG in Asia assuming 10-year average weather, supported by high inventories in NW Europe. Geopolitical risk, unplanned supply outages and higher than expected Chinese demand provide upside price risks.
- Lower imports to Japan due to reduced seasonal demand partly offsets higher imports to mainland China with rising gas demand for power from hotter-than-normal summer temperatures and lower hydro.
- China’s imports are estimated up to a record high of 80.7m metric tons in 2024 while spot imports to Thailand, India and Bangladesh stay strong.
- LNG imports into NW Europe and Italy are forecast to fall in May with inventories nearly full by the end of the summer due to continued weak demand.
- Global LNG supply is estimated down slightly to 33.1m tons in May. All three trains at Freeport LNG may return but Nigeria continues to see limited availability of feedgas for liquefication.
- Russia’s Arctic LNG 2 is now estimated to start in Q4, pushed back from June.
Source: BNEF
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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