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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
LNG storage at major Japanese power utilities is down so far in September, though the YoY difference is narrowing slightly with an increase of 1.2% on the week to 1.68m tonnes on 10 Sep according to data released by the trade ministry.
- Stocks on 10 Sep were still 0.71m tonnes lower than the level on 11 Sep 2022 and will need gain by 0.38m tonnes to reach the five-year average for the end of September of 2.06m tons.
- Volumes are down 36.8% from the 2.66m tons a year earlier.
- Power consumption was slightly above average in the first 12 days of Sep. Temperatures in Tokyo are still forecast to peak above 30C for the next seven days and remain warm for the time of year into late September according to ICIS.
Source: ICIS
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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