MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

IP Stronger Than Expected In May, But 3m/3m Trend Still Bleak

US EIA: CRUDE OIL STOCKS EX SPR -3.44M TO 445.1M JUL 05 WK

MNI:US MAY WHOLESALE INV 0.6%; SALES 0.4%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Morocco Plans New LNG Import Terminal at Nador

LNG

Morocco is planning an LNG import terminal at Nador West Med on the Mediterranean coast in the short term and to connect it with a new pipeline to the idled Maghreb Europe gas link, the energy transition ministry said in a statement, cited by Bloomberg.

  • The ministry did not publish information on the planned capacity or timeline for the terminal.
  • Moroccan ministries and other state agencies signed a MoU to launch Morocco’s gas infrastructure roadmap, which will also support gas pipeline projects.
  • In the long-term, the kingdom is planning to have several entry points for LNG imports, gas storages and pipelines.
  • Gas normally flows through the MEG line from Algeria to Spain via Morocco. But Algeria stopped sending fuel through it late last year when it cut diplomatic ties with Morocco because of a spat over Western Sahara.
Energy BulletsCommodities
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