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
NWE LNG prices hit a year to date high on Aug. 16, with the market spooked by ongoing geopolitical concerns, Platts said.
- NWE LNG was assessed at $12.88/MMBtu Aug. 16, the highest since Dec. 1. The July average was $10.35/MMBtu.
- Concerns have also boosted USGC spot FOB loading cargoes to a 2024 high of $11.89/MMBtu
- Geopolitical concerns in the gas market have spiked since Ukraine’s incursion into Russia’s Kursk region near the Sudzha interconnector, providing around 42 mcm/d of gas.
- Aside from the geopolitical risks to supply, the LNG market remains bearish in Europe, with imports in August-to-date down 10% on the same period in 2023 at 3.79m mt.
- Platts said an uptick in demand is likely in September as the region looks to balance an expected drop in Norwegian nominations due to planned maintenance on the Norwegian Continental Shelf.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok