CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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 Fell 5% w/w to Oct. 13 but Supply Rose 5%: BNEF

LNG
Energy BulletsBulletPower BulletsCommodities

Global LNG demand fell 5% in the week to Oct. 13 to 7.37m metric tons with a decline in Southern Asia, Europe and the Americas only partly offset by a rebound in the JKCT region imports, according to BNEF.

  • Mainland China boosted imports by 0.75m tons following the Golden Week national holiday but imports to Thailand fell 0.31m tons, India dropped 0.14m tons and Brazil fell 0.2m tons.
  • Deliveries into NW Europe and Italy fell 0.29m tons and other Europe fell 0.22m tons. led by the Netherlands and France.
  • Deliveries from Oct. 1- 13 into South Korea are up 23% y/y and to mainland China up 6% y/y.
  • Global LNG supply rose by 5% from the previous week to 7.98m tons with a 0.15m tons recovery from Qatar and 0.09m tons increase from the US offsetting a 0.15m tons decline from Malaysia. Malaysia exports fell as two production trains at Bintulu LNG were offline, likely to be trains 7 & 8, Reuters sources said.

 

Keep reading...Show less
162 words

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.

Global LNG demand fell 5% in the week to Oct. 13 to 7.37m metric tons with a decline in Southern Asia, Europe and the Americas only partly offset by a rebound in the JKCT region imports, according to BNEF.

  • Mainland China boosted imports by 0.75m tons following the Golden Week national holiday but imports to Thailand fell 0.31m tons, India dropped 0.14m tons and Brazil fell 0.2m tons.
  • Deliveries into NW Europe and Italy fell 0.29m tons and other Europe fell 0.22m tons. led by the Netherlands and France.
  • Deliveries from Oct. 1- 13 into South Korea are up 23% y/y and to mainland China up 6% y/y.
  • Global LNG supply rose by 5% from the previous week to 7.98m tons with a 0.15m tons recovery from Qatar and 0.09m tons increase from the US offsetting a 0.15m tons decline from Malaysia. Malaysia exports fell as two production trains at Bintulu LNG were offline, likely to be trains 7 & 8, Reuters sources said.

 

Keep reading...Show less