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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
Indian LNG consumption was up 36% year on year in August according to ICIS. The increase was primarily driven by the highest LNG demand since 2020 from the power sector.
- Imports in September reached the highest since 2021 but the risk of approaching tank-top may dampen intake for Q4 according to ICIS. August LNG imports into India were up by 9.3% on the year to 2.23bcm according to oil ministry data.
- Indian LNG imports fell in the week to 1 Oct by 0.6m tons from the 2023 peak the previous week and several spot tenders did not get awarded last week according to Bloomberg.
Source: ICIS
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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