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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
LNG freight prices are weakening despite increased tanker diversions away from the Red Sea via the Cape of Good Hope, increasing the journey length, as the European natural gas market remains well supplied according to Spark Commodities.
- Diverting a voyage via the Cape of Good Hope from the Arabian Gulf to NWE adds only $0.09/mmbtu to the freight cost versus via Suez given Suez Canal savings, but increases laden voyage time by 9.5 days.
- The LNG freight spot rates in the Pacific Basin on 16 January fell to $63,250/day, down by $2,000/day day on day, and the spot rate in the Atlantic basin Spark30 fell to $71,000/day on 16 January, down by $9,750/day from a day earlier.
- Front month DES LNG cargo in Northwest Europe is currently priced at $8.883/mmbtu the lowest since summer.
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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