Free Trial
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.
LNG
The US LNG netbacks still favour supplies to Europe over Asia with the profitability to Europe for June at 8.5$/mmbtu and Asia at 7.74$/mmbtu according to Bloomberg. The netbacks for the summer are all showing a premium to Europe over Asia. The Europe premium in the next few months is between 0.8 and 1.2$/mmbtu.
- The front month JKM-TTF spread is today at the higher end of the recent range around -0.2$/mmbtu.
- LNG net import flows to Europe have dipped slightly this month but remain above the five year range for the time of year. Total Europe sendout was at 431mcm/d on 8 May as healthy supply continues after the high levels seen in April.
- A total of 27 vessels have already unloaded in NW Europe so far this month with over 75% originating from US. Another 26 are currently scheduled before the end of May. A record 97 cargoes arrived in April beating the previous high of 89 arrivals in December.
- TTF JUN 23 down -1.9% at 35.28€/MWh
- NBP JUN 23 down -1.1% at 81.33p/th
- JKM Jun 23 up 1% at 11.25$/mmbtu
- JKM-TTF Jun 23 up 0.3$/mmbtu at -0.17$/mmbtu
- US Natgas JUN 23 down -3.6% at 2.19$/mmbtu
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok