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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
The JKM-NWE LNG spread climbed to a year-to-date high, driven by a demand lull in Europe, Platts said.
- The JKM-NWE LNG spread was assessed at $2.532/MMBtu, the strongest since Dec. 15.
- Sentiment is improving in Asia, outpacing a demand dearth in NWE.
- Europe has seen a healthy supply of natural gas, coupled with a balanced LNG market.
- The contango structure is also much shallower, which is hampering demand in Europe as it disincentives storage.
- While competition between Europe and Asia is expected to intensify over winter, healthy US supply should support demand through Q4 and Q1 2025.
- The arbitrage window for the US to Asia over NWE remains marginally open, most US exported volumes have gone to Europe as the economics have favoured it so far.
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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