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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 imports into NW Europe averaged over 400mcm/d last week up from 375mcm/d the previous week.
- Import into NW Europe are up at the highest since April as European prices keep a premium over Asia markets despite the ongoing decline in TTF. The falling TTF prices have brought the front month JKM -TTF spread down to the closest since early September. The US netback to Europe for December is estimated at 37.08$/mmbtu and the netback to Asia at 23.27$/mmbtu according to Bloomberg calculations.
- NW Europe is expecting another 24 LNG cargoes to deliver into NW Europe before the end of the month.
- TTF NOV 22 down -7.1% at 131.9€/MWh
- NBP NOV 22 down -8.6% at 238.81p/th
- JKM Nov 22 down -0.2% at 34.78$/mmbtu
- JKM-TTF Nov 22 up 2.7$/mmbtu at -3.94$/mmbtu
- US Natgas NOV 22 down -4.5% at 6.17$/mmbtu
Source: MNI / Bloomberg
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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