Free Trial
THB

Baht Keeps Struggling

BOJ

Fixed Rate Operation Offer

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

More vessels and strong spreads maintain European LNG imports

LNG

LNG flows into Europe look set to remain healthy on expected tankers and encouraging spreads.

  • At least 15 more LNG vessels are expected into NW Europe by the end of the month according to Bloomberg LNG tracker.
  • LNG imports into NW and Eastern Europe have been increasing all year to the latest weekly average of 284k tonnes.
  • JKM spread to TTF has closed in last couple of days, but JKM remains at a strong discount of -5$/mmbtu to TTF. The spread has been as high as -10$/mmbtu on a couple of occasions this month.
  • The Jul22 US netback to Europe is currently 20.9$/mmbtu compared to 11.74$/mmbtu to Asia according to Bloomberg data. The spreads look in favour of flows to Europe throughout the summer.
123 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

LNG flows into Europe look set to remain healthy on expected tankers and encouraging spreads.

  • At least 15 more LNG vessels are expected into NW Europe by the end of the month according to Bloomberg LNG tracker.
  • LNG imports into NW and Eastern Europe have been increasing all year to the latest weekly average of 284k tonnes.
  • JKM spread to TTF has closed in last couple of days, but JKM remains at a strong discount of -5$/mmbtu to TTF. The spread has been as high as -10$/mmbtu on a couple of occasions this month.
  • The Jul22 US netback to Europe is currently 20.9$/mmbtu compared to 11.74$/mmbtu to Asia according to Bloomberg data. The spreads look in favour of flows to Europe throughout the summer.