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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
Key Asia market imports of spot LNG declined again in July, led by India and mainland China, according to a BNEF. Japan and South Korea spot deliveries also fell but Taiwan’s more than doubled.
- Spot LNG deliveries to mainland China, Japan, South Korea, Taiwan, India and Thailand fell about 0.4m tons from June to 4.8m metric tons in July. The decline follows a record high volume in May of 5.5m tons.
- A drop in imports to India led the decline in July after a drop to mainland China drove imports lower in June.
- Impots to India fell almost 0.6m tons in July as temperatures declined during the monsoon season and following a spike higher in June due to a heatwave.
- Imports to mainland China in May were boosted by opportunistic buying due to low Asia spot LNG prices earlier this year for May delivery at below $10/mmbtu.
- Taiwan’s spot LNG deliveries more than doubled in July amid a new supply agreement with Woodside and after the shutdown of nuclear reactors.
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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