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
Net LNG imports to NW Europe increased towards the end of last week after falling back in the middle of the month due to terminal outages. NW Europe imports were up to 248mcm/d on Sep 23.
- Global competition for LNG cargoes remains strong but spreads still encourage flows to Europe over the rest of the world despite falling TTF prices. The US LNG netback to Europe is estimated at 48.82$/mmbtu and to Asia is estimated at 28.54$/mmbtu according to Bloomberg.
- After today, 13 more cargoes are expected in to NW Europe before the end of the month with another 5 due in the first week of October. The deliveries include another cargo to the new terminal at Eemshaven.
- TTF OCT 22 down -7.8% at 171.03€/MWh
- JKM Oct 22 down -5.9% at 37.57$/mmbtu
- JKM-TTF Oct 22 up 1.1$/mmbtu at -10.49$/mmbtu
- The chart below shows net LNG imports into Europe:
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