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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.
LNG
Global LNG imports are forecast to fall 9% in April from March to 30.7m tons as heating demand falls in NW Europe and North Asia according to Bloomberg.
- China's economic recovery is not expected to offset reduced heating demand and Japan and South Korea imports are forecast to drop due to high gas stockpiles. The lower spot prices may support an increase in demand from India.
- European imports are expected to fall 12% due to lower demand and high storage levels. European gas storage is forecast to fill by mid October according to Bloomberg based on 10 year average weather.
- Europe will continue seeing high levels of flexible LNG arrivals as North Asian spot demand stays weak while South Asia continues opportunistic spot purchases.
- Global LNG supply is expected to fall 7% from March to 33.3m tons with maintenance in Australia, the US and Qatar.
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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