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
Russia’s LNG output this summer is likely to be restrained by western sanctions but remains a key driver of global LNG supply growth this year according to BNEF.
- Russian LNG production is forecast to rise by 13% summer-on-summer to 16.5m tons with the start-up of Arctic LNG 2 and higher utilization rates at Yamal and Sakhalin after extensive maintenance works last year.
- LNG cargoes to China diverted via the Cape of Good Hope is adding shipping delays to the lack of tanker availability amid US sanctions.
- US sanctions have delayed the delivery of the Arc7 ice-class tankers needed for cargo transportation while buyers are reluctant to take delivery of Russian gas.
- Train 1 of Arctic LNG 2 project will only reach a utilisation rate of 24% at 1.6m tons in 2024 according to BNEF.
- LNG exports from the Arctic LNG 2 facility are delayed and are likely to start in March at the earliest, said Novatek last month.
Source: BNEF
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