MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

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

Low Asian LNG Spot Prices to Boost Demand

LNG

Asian LNG prices have fallen below long-term contract rates, which is likely to boost some spot buying activity of price sensitive buyers according to Bloomberg.

  • Spot LNG shipments are now cheaper than supply from long-term contracts with a 10% Brent oil link for the first time since 2021, before Russia’s invasion of Ukraine upended energy markets.
  • Prices are also down more than 20% on the year amid a mild winter and high inventory levels.
  • China’s gas imports are expected to climb by 8.2% to 179.1bcm this year as buyers take advantage of cheap LNG, CNPC said in a report.
    • JKM Mar 24 up 6.3% at 9.57$/mmbtu
    • JKM-TTF Mar 24 down 0$/mmbtu at 1.74$/mmbtu
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.