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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
Japan could increase spot LNG interest in 2023 as approximately 6.1mtpa of long-term LNG supply contracts are due to expire according to S&P Global.
- Brunei LNG accounts for 56% of the contracts due to expire in the year and more contract expiries are expected to continue for the next few years.
- The 2023 expiries equates to about 8% of Japan's annual LNG imports of around 74mtpa.
- New long-term term contracts and short-to-mid-term contracts could be difficult to secure due to tight global LNG supply amid strong demand from Europe.
- Overall Japanese LNG procurements in 2023 could decline with the expected restarts of two nuclear reactors in the year. Long-term LNG contractual volumes are slated to fall to around 62.86m mt in 2030, compared with 85.11m mt in 2025 and 89.83m mt in 2023, according to S&P Global data.
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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