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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
The total estimated quantity of LNG on tankers that has not unloaded for at least 20 days increased by 4.4% over the last week to 3.44mn tons as of 21 January according to Bloomberg estimates.
- Floating levels historically have been falling during this time of year but the latest increases in recent weeks are likely caused by LNG tankers diverting away from the Red Sea and instead sail via the Cape of Good Hope, increasing journey time.
- Volumes remained well above 2023 levels of 2.155mn tons and the five-year average of 1.53mn tons.
- LNG on water that has not unloaded for at least 30 days also rose to 1.47mn tons last week, up from 1.426mn tons the week prior. Volumes remained well above 2023 levels of 0.558mn tons. as LNG on water historically declines during this time of year.
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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