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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
Global LNG demand fell 15% on the week in July 15-21 to 6.62m metric tons mainly driven by Asia, according to BNEF.
- Asia imports fell 0.92m tons with mainland China down 0.43m tons, Japan down 0.27m tons and Thailand and 0.26m tons w/w. South Korea however imported 0.33m tons more on the week.
- India deliveries fell for a second straight week to the lowest since May, as heat waves eased, and the monsoon season began.
- European imports fell 0.36m tons with 0.2m tons less from both Italy and Spain.
- Global LNG supply recovered 3% w/w to 7.49m tons. US output fell 0.2m tons and Australian fell 0.13m tons but was offset by a rise from Russia of 0.2m tons and from Qatar for 0.11m tons.
- US Corpus Christi supplied 0.2m tons less amid maintenance while Freeport resumed shipments after Hurricane Beryl disruption.
- Russia’s Sakhalin-2 sent two shipments after a pause for three weeks due to planned works.
- Mexico’s New Fortress Energy shipped the first cargo from its Altamira Fast LNG project.
Source: BNEF
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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