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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.
NATGAS
LNG imports to Taiwan surged 9% y/y to a record in July at nearly 2m tons with a boost to power consumption due to recent hot weather, according to Bloomberg.
- Taiwan is also likely to become more reliant on LNG with the closure of nuclear power plants. The closure of the last nuclear reactor is expected next year after the second to last reactor closed last weekend.
- Peak power load rose to a record high earlier this month driven by above-normal temperatures.
- Hot weather in Asia is helping to attract global gas supplies away from Europe where industrial demand remains muted and renewables generation is growing.
- LNG terminals in Taiwan were operating above nameplate capacity in July, according to BNEF, ahead of an expansion to the Taichung terminal and third terminal slated to start in 2025.
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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