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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
LNG stockpiles held by Japanese utilities increased 6.82% w/w to 2.35m tons in the week to July 21 from 2.2m tons the previous week, according to data released by the trade ministry.
- Storage is 21.1% above levels a year earlier of 1.94m tons and above the five year average for the end of July.
- Storage changes are showing a fairly good correlation with temperatures with more normal temperatures after intense heat in the first week of July, according to ICIS.
- Storage could see downward pressure in the next two weeks amid surging power demand this week. Intense heat returned since last Friday and is forecast to last into early August.
Source: ICIS
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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