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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 Southeast Asian LNG marker fell to its widest discount vs JKM, as strong selling interest after a period of higher prices adds pressure, Platts said.
- Platts assessed the DES Southeast Asian marker for November at $13.625/MMBtu Sep. 2, a 37.1 cents/MMBtu discount to JKM. This is the widest discount since Oct. 23.
- Weakness in the Southeast Asian market was further intensified by strong selling interest.
- Platts expects Thailand’s LNG demand to decline on the year in 2024. However, the gap could be small amid the El Nino weather phenomenon, causing hotter and drier conditions and increasing power demand.
- The Southeast Asian region’s demand for spot LNG cargoes in seasonal and highest in Q2.
- Imports in Southeast Asia - Thailand, Singapore, Philippines and Vietnam - hit 1.6m mt in August, down from 2.01m mt in July.
- Imports for 2024 to date are 14.07m mt, compared to 11.51m mt in 2023.
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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