MNI BRIEF: BOJ To Adjust Policy, But Uncertainty High - Ueda

MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY10 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1196 FRI VS 7.1192

MNI China Daily Summary: Thursday, June 20

France Manufacturing Sentiment Unchanged And In-Line With Consensus

MNI: FRANCE JUN MANUF SENTIMENT AT 99

Public sector finances also better-than-expected

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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IEA Sees Stronger Global Demand Growth in 2024

NATURAL GAS

Global gas demand is set for stronger growth in 2024 despite geopolitical uncertainty according to the IEA Quarterly Gas Market Report.

  • Global demand is forecast to grow by 2.5% (100bcm) in 2024, with almost half driven by cooler weather and recovery from the 2022 gas supply shock. Emerging economies are leading the increase in consumption.
  • Europe's gas demand is expected to grow only by 3% in 2024 and stay about 17% below its 2021 levels after dropping by 20% in just two years.
  • Global LNG supply is expected to expand by 3.5% (18bcm) and well-below the 8% growth rate seen during 2016-20. Delays in new liquefaction plants and feedgas availability issues at existing projects could delay supply growth to 2025.
  • Heightened geopolitics are the most important risks to the outlook and could easily fuel price volatility and distort the current balance.
  • Low-emissions gases benefit from policy momentum, but more efforts are needed for their large-scale deployment.
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