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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
LNG stockpiles held by Japanese electric utilities has fallen to a 16-month low as a hot summer has bolstered cooling demand, according to data from Japan’s Energy Ministry.
- Typhoons in the Pacific have also delayed the arrival of some cargoes, preventing inventory restocking, according to Reuters.
- LNG inventories held by utilities fell to 1.81m mt Aug. 20, the lowest level since April 2022. This compares to 1.94m mt the previous week.
- By comparison, the 5-year average for the month of August is 2m mt.
- Electricity utilities hold around half of Japan’s LNG stocks.
- Temperatures have reached and even exceeded 35C in Japan, which have driven up demand for air-conditioning.
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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