Free Trial
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’s city gas utilities could sell part of their stockpiles to power utilities in the event of fuel shortages.
- LNG storage at major Japanese power utilities continued its downward trend this week to just 1.62m tons on 17 Sep and 21.4% below the five-year average.
- Inventories held by city gas utilities stood at 2.6m tons as of the end of June, 22% higher than the four-year average.
- Total LNG storage held by electric and city gas utilities, reached 4.6m tons by mid-September and could hit a four-year low by October.
- The power utility stocks are expected to decline further in October according to BNEF and may prompt increased spot LNG purchases. Tohoku Electric Power and Kansai Electric Power and Jera have bought spot cargoes for October delivery.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok