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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
LNG supply to Europe is helping maintain storage injections despite the lower pipeline supplies from Russia and Norway.
- LNG net imports into NW Europe have average 218mcm/d over the last week compared to 195mcm/d the week before. The 5-year average for imports at this time of year is approximately 55mcm/d.
- TTF prices has fallen back over the last week from 280€/MWh to 208€/MWh but they are still at a premium to JKM prices. The front month JKM price has fallen from over 58€/MWh last week to 52.8$/mmbtu.
- The front month US LNG netback to Europe is estimated at 55.32$/mmbtu with the US netback to Asia estimated at 42.59$/mmbtu.
- TTF OCT 22 down -7% at 205.01€/MWh
- TTF WIN 22 down -6.6% at 210€/MWh
- TTF SUM 23 down -10% at 180.73€/MWh
- JKM Oct 22 down -2.5% at 52.84$/mmbtu
- JKM-TTF Oct 22 up 0.1$/mmbtu at -8.69$/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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