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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
There are currently no LNG vessels transiting the Suez Canal amid heightened tensions off the coast of Yemen according to Kpler.
- A typical day would normally show 2-3 LNG tankers pass the passage.
- A noticeable increase has been seen in LNG vessels using the longer Cape of Good Hope route. At least 11 ships have taken the route round Africa instead of the Red Sea since Jan 15 including at least four Qatari shipments headed for Europe.
- The market has not priced in an escalation for now. “I don’t see a sudden pick-up of gas prices unless it becomes a regional conflict. Absolutely there is a risk there, but I don’t think there is a risk premium on gas prices at the moment,” said Laura Page at Kpler via Montel.
Source: Kpler
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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