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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
Northeast Asia spot LNG prices have fallen as low as 11.9$/mmbtu to the lowest levels since Jun 2021 according to Bloomberg.
- Lower Asian prices have encouraged some increased buying interest this year but overall demand remains muted with gas storage levels high after low demand over the winter.
- Field maintenance and outages in pipeline supplies from Norway this week are supporting European gas prices and also helping to keep TTF at the premium to JKM. The front month JKM-TTF spread has been holding between about -0.6$/mmbtu and -1.3$/bbl so far this month. The forward curve is also showing TTF at a premium to JKM throughout the remainder of 2023.
- TTF MAY 23 up 1.9% at 41.93€/MWh
- NBP MAY 23 up 2.5% at 100.96p/th
- JKM May 23 down -0.3% at 12.59$/mmbtu
- JKM-TTF May 23 down -0.3$/mmbtu at -0.88$/mmbtu
- US Natgas MAY 23 up 1.8% at 2.15$/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.
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