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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
The impact on natural gas prices and charter rates has been limited in Q1 after LNG vessels stopped transiting the Suez Canal in mid-January according to IEA analyst Greg Molnar.
- Changes to the LNG market following the halt of LNG shipments via the Suez Canal:
- Qatar has been increasingly rerouting LNG shipments towards Asia following the halt in LNG shipments via the Suez Canal. However, the diversion in shipments had no impact on the country’s natural gas production that stood close to last year’s levels in Q1.
- LNG traders are increasing using swap agreements in order to optimize shipping routes.
- Diversions did not significantly support LNG carrier charter rates due to a rapid LNG carrier capacity expansion with over 60 LNG carriers expected to hit the market, outpacing gains in LNG supply additions, Molnar said.
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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