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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 supply is expected to fall marginally in Q3 compared with Q2, according to BloombergNEF.
- Supply in August could decline 2.6% month-on-month to 32.7m mt, with September expected to be around 32m mt also.
- BNEF lowered its forecasted LNG volumes due to falling expectations for US output, led by the delay in commercial operations at Calcasieu Pass until late 2024.
- Concerns around Egyptian output were also a factor. Egypt’s natural gas output fell to a three-year low between January and May 2023 amid production issues, while a summer heatwave is boosting domestic demand and reducing available gas supply for LNG exports.
- BNEF expects Egyptian exports to recover in Q4. Egypt’s Energy Minister said in July that the country plans to resume LNG loadings in the autumn.
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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