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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
Asian LNG imports in August saw a slight decrease on the month with lower-than-expected consumption weighing on regional demand, Platts said.
- Imports were 23.03m mt in August, down from 23.59m mt in July. This came via a total of 350 cargoes.
- However, imports are up around 2% on August 2023.
- China imported the most cargoes, taking 96, followed by Japan at 86 and South Korea at 56.
- China’s LNG imports rose 7% on the month and 3.7% on the year.
- The increase was primarily driven by active purchases from second tier buyers in early July. This coincided with JKM falling to $11.50/MMBtu.
- However, more price-sensitive Chinese end-users have been sitting on the sidelines after JKM prices rose during August due to outages and geopolitical tensions.
- Japanese demand for prompt cargoes may be on the rise amid declining nuclear power and typhoon weather which may delay LNG discharges.
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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