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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
Europe can afford to lose a significant amount of LNG supply to competitors and still reach healthy storage levels before next winter according to Bloomberg.
- The gradual price decline as prompted the buying interest from price sensitive South Asia countries such as India, Thailand, and Pakistan this month. A potential increase in demand from China this year would add to the global competition for LNG supplies.
- The risk of extra competition for LNG supplies has helped provide support to TTF prices recovering from an 18-month low of 47.81€/MWh at the start of this week.
- Northwest Europe, Austria and Italy LNG imports are estimated at 280mcm/d from April to September, equivalent to 51.3bcm according to Bloomberg.
- The region is expected to attract 65% of the global flexible LNG supply (33bcm of gas) over the summer up 15 percentage points from last year.
- TTF MAR 23 up 3.9% at 52.75€/MWh
- JKM Mar 23 up 3.7% at 14.9$/mmbtu
- JKM-TTF Mar 23 down -0.1$/mmbtu at -1.44$/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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