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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
Brazilian LNG competitiveness continues to grow as spot prices reach multi-month highs versus their NWE counterparts, Platts said.
- Sources see Brazil seeking more cargoes to replenish domestic demand.
- The spread between DES Brazil and DES NWE climbed to $1.75/MMBtu, its highest since Feb. 13, based on Platts assessments.
- Platts analysts expect Brazil’s gas demand to rise, driven by the power sector and limited expectations for hydroelectric capacity.
- This shift presents an opportunity for LNG, although domestic production or Bolivarian gas could hold a strategic advantage in serving demand growth.
- Petrobras has already purchased four LNG cargoes for September delivery, with sources expecting more spot volumes for Q4 and Q1-25.
- Brazil has imported 70k mt in September so far, up from 40k mt on the same period in August, and stable on the same period in Sep. 2023.
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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