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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
New LNG supply next year could more than halve from 22.8m tons additional supply to 9.3m tons if upcoming projects are delayed by six months as several assets have already pushed back timelines, according to BNEF.
- Nine projects are expected to come online between October 2024 and March 2026 with equivalent to 8% of total global supply last year.
- Longer commissioning could lower production ramp-up rates and reduce cargo loading estimates.
- Venture Global’s Plaquemines Phase 1 is anticipated to start in November, Cheniere Energy’s Corpus Christi Stage 3 in December and BP’s Tortue floating LNG project is aiming for an end-of-year start.
- Other projects possible for mid to late next year are Shell’s Canada LNG project, Sempra’s Energia Costa Azul in Mexico, Darwin LNG restart and Golden Pass.
Source: BNEF
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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