FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG: Global LNG Demand Could Rise by 50% by 2040: Gunvor

LNG

Global LNG demand could rise 50% from current levels by 2040 if prices don’t surge, as consumption is seen staying stronger, Gunvor’s Chairman Torbjörn Törnqvist said, cited by Platts.

  • "We're seeing a bit of a more normal market from the price point of view compared to what the situation was when Russia attacked Ukraine," Törnqvist said at the Platts APPEC conference.
  • He added that LNG markets are currently finely balanced, and supply lacks a cushion due to some projects only expected to come online by 2026 while consumption remains supported.
  • Regarding pricing (for JKM) this winter, Törnqvist said, "If everything is fine and nothing happens, prices will float around the level $12-$14/MMBtu level."
  • "However, winter is approaching, and a cold winter would lead to price spikes... So, we may see a tight market," he added.
Energy BulletsBulletPower BulletsCommodities
Energy BulletsBulletPower BulletsCommodities

To read the full story

Close

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.