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LNG
LNG volumes on tankers at sea has dipped over the last week by 6.9% to 3.19m tons but remains at the top of the five year historical range according to Bloomberg data.
- Volumes at sea have increased since March amid strong LNG exports combined with low demand and high inventories in Europe and Asia. Weekly global LNG exports rose marginally by 2% from the previous week as summer maintenance continues.
- Global LNG imports fell in the week with a 0.4m tons decline into Japan following a stronger post-holiday rebound the previous week. Imports to India dipped by 0.3m tons while European flows fell by 0.2m tons.
- Europe LNG supplies however still remain strong with imports replacing Norwegian flows during the field maintenance period despite low demand.
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.
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