MNI: PBOC Sets Yuan Parity Higher At 7.1982 Weds; -1.45% Y/Y

MNI BRIEF: RBNZ Cuts OCR 50bp, Points To Future Volatile CPI

RBNZ SEES RISK OF MID-TERM INFLATION VOLATILITY

MNI China Daily Summary: Tuesday, November 26

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: RBNZ CUTS OCR 50BP TO 4.25%

MNI: AUSTRALIA MONTHLY OCT CPI 0.1% MM, 2.3% YY

MNI: FED TO GRADUALLY MOVE TOWARD NEUTRAL OVER TIME -MINUTES

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

LNG: Global LNG Market Vulnerable to Further Short Term Tightening: ICIS

LNG
Energy BulletsBulletPower BulletsCommodities

The global LNG market is vulnerable to further short term tightening after recent demand in Asia due to unseasonably high temperatures and with hurricane threats to US exports, according to ICIS. Egypt could also tender for more LNG cargoes if Middle Eastern tensions threaten Israeli pipeline flows.

  • The global LNG market is forecast 1m tonnes short across Summer 24 compared to the previous expectation of 1m tonnes long. Winter 24/25 is forecast undersupplied by 29m tonnes instead of 18m tonnes short.
  • EU11+GB LNG imports were up to 5.5m tonnes in August from the lowest volume of the year of 5.1 tonnes in July. Spot volumes accounted for 21% of the August inflows, 5 percentage points higher than July.
  • Total gas supplies to the region were revised slightly lower to 1,695TWh with 35% from Norway and 30% from LNG. The forecast to winter supplies was revised 12% lower to 1,941TWh with 33% from Norway and 31% from LNG. 

 

Keep reading...Show less
156 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.

The global LNG market is vulnerable to further short term tightening after recent demand in Asia due to unseasonably high temperatures and with hurricane threats to US exports, according to ICIS. Egypt could also tender for more LNG cargoes if Middle Eastern tensions threaten Israeli pipeline flows.

  • The global LNG market is forecast 1m tonnes short across Summer 24 compared to the previous expectation of 1m tonnes long. Winter 24/25 is forecast undersupplied by 29m tonnes instead of 18m tonnes short.
  • EU11+GB LNG imports were up to 5.5m tonnes in August from the lowest volume of the year of 5.1 tonnes in July. Spot volumes accounted for 21% of the August inflows, 5 percentage points higher than July.
  • Total gas supplies to the region were revised slightly lower to 1,695TWh with 35% from Norway and 30% from LNG. The forecast to winter supplies was revised 12% lower to 1,941TWh with 33% from Norway and 31% from LNG. 

 

Keep reading...Show less