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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 imports into NW Europe has fallen back from the record highs seen in April but remain well above normal levels for the time of year.
- In April average daily imports into NW Europe were 235k mt but over the last week have averaged 147k mt. The 5-year average of daily imports for this time of year is 95k mt.
- Supply is expected to remain strong with 12 LNG tankers expected into Europe in over the next week
- Although market spreads have narrowed they still encourage flows into Europe with the JKM-TTF spread at -2.45$/mmbtu. The US netback to Europe is 15.54$/mmbtu for July and to Asia is 13.04$/mmbtu.
- The graph below shows the monthly average imports this year compared to the 5 year range.
Source: 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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