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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
The US continues to dominate LNG supply into the European market despite weaker arbitrage economics, as healthy Norwegian pipeline supply aids restocking during injection season, Platts said.
- The US has remained the top source for European LNG imports since 2021, overtaking Russia in 2020 and Qatar in 2021.
- The US exported 4.4 bcm to the EU and UK in May, double the 2 bcm received from Russia.
- However, Asia’s favourable arbitrage economics over NWE mean that US supplies to Europe eased in May, while cargoes from Yamal LNG have remained steady.
- European prices have been tailing those of Asia, as buyers continue to be priced out of the global competition for seaborne cargoes.
- Demand in Europe is relatively depressed while heatwaves in Asia have boosted cooling demand in the East.
Source: S&P Global Commodity Insights
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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