MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG Vessel For UK Diverts to Asia

LNG

An LNG vessel originally headed for UK’s Isle of Grain appears to be diverting to Asia, ship-tracking data on Bloomberg show.

  • The Gaslog Sydney, which loaded at Sabine Pass in the US was scheduled to arrive at Grain on Wednesday but is now headed toward the Suez Canal.
  • The diversion means there are no further LNG arrivals scheduled for Britain this month, other than two cargoes that arrived earlier in August.
  • US LNG exporters are increasingly sending cargos to Asia and less to Europe as the arbitrage is open according to Kpler analyst Laura Page.
  • Last week, Asia imported almost the same amount of LNG as western Europe for the first time since early July, with NW European imports at 571,550 mt and Asian imports at 571,450mt.
  • US LNG exports are currently more profitable to Asia in September, October and November. The gas price spread between Asia and Europe is $1.24/MMBtu in September.
Energy BulletsPower BulletsCommodities
Energy BulletsPower BulletsCommodities

To read the full story

Close

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.