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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
Timera Energy analyse the ‘stack’ of market flexibility that drives the price responsiveness of different sources of supply & demand flexibility that act to clear the LNG market.
- They see US exports are a key source of flex, but supply is otherwise very inelastic. High volumes of US hub indexed cargoes can be cancelled if netback prices fall below variable cost. There is otherwise very limited capacity for short term respond to price with liquefaction trains operating at full capacity.
- The flex on the demand side is driven by European coal to gas switching and less dynamic Asian switching from gas to oil switching, pipeline vs LNG and power sector switching. Outright demand and industrial demand destruction at high prices also plays a key role.
Source: Timera Energy
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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