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
Declining spot LNG prices have increased the interest from price-sensitive South Asia buyers such as India, Bangladesh and Thailand. The trend is expected to continue in coming months according to S&P Global although prices are still high compared to historical levels.
- Platts assessed the JKM for March was down over 19% from the start of Feb to 15.212$/mmbtu on 15 Feb according to S&P Global data. The Platts JKM LNG price averaged about 33.98$/mmbtu in 2022 and 18.59$/mmbtu in 2021. Weaker prices have been driven by mild weather and low demand, healthy storage levels and the potential return of Freeport LNG in US.
- India buyers are looking for LNG spot prices in the $10-$15/MMBtu range according to an S&P Global source.
- Thailand's PTT has already secured at least 6 cargoes in tenders recently and is looking for three more for April delivery. Earlier this month Bangladesh's Petrobangla was looking to buy 10 to 12 cargoes of LNG from the spot market until June.
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