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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 rise in India’s LNG imports is likely to slow as the monsoon season limits electricity demand due to the cooler weather, according to Bloomberg.
- “Electricity demand won’t be as high as it was in May and June, which is the prime driver of higher LNG imports,” said Ayush Agarwal at S&P Global. LNG imports are likely to see a decline for the remainder of the year, Agarwal added.
- India imports in June rose to the highest since October 2020 to 2.6m tons, according to Kpler data.
- Spot prices in the range of $11-$12/mmbtu were affordable as gas-based power facilities increased generation to meet high demand.
- The three months through June showed a 63% increase in output from gas-fired plants driven by an emergency order to operate but the interim ruling ended on June 30.
- A 10% increase in hydropower output in Q2, due to snow melt and monsoon rains, is also expected to reduce expensive gas-fired power requirements as peak July demand leaves ample buffer for the generation fleet.
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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