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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
LNG import arrivals into northwest Europe in June are on track for the lowest since August 2022 according to Bloomberg ship tracking data.
- Tanker arrivals are currently expected to reach 58 this month compared to 88 in May and a record 97 in April. A total of 38 vessels have already arrived with another 20 scheduled before the end of the month with 68% of arrivals so far originating from the US.
- Total European LNG sendout has dipped this month in line with the seasonal trend but is still strong for the time of year at around 400mcm/d.
- The US netbacks are today encouraging supplies to Europe as demand in Asia remains muted by high inventory levels. The profitability of US LNG exports to Europe for August was estimated at 8.40$/mmbtu and to Asia at 8.07$/mmbtu according to Bloomberg before the TTF open today.
- TTF JUL 23 up 6.5% at 37.15€/MWh
- NBP JUL 23 up 7.1% at 92.24p/th
- JKM Jul 23 up 7.7% at 12.07$/mmbtu
- JKM-TTF Jul 23 down -0.2$/mmbtu at 0.21$/mmbtu
- US Natgas JUL 23 up 1.8% at 2.68$/mmbtu
Source: MNI / Bloomberg
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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