MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Russia’s Novatek Resumes STS Operations for LNG

LNG

Russia’s Novatek resumed ship-to-ship operations for LNG exports in the Murmansk region, Kpler data showed, cited by Komersant.

  • STS operations in the region cut costs due to less use of the costly Arctic class tankers. Novatek has not used any STS transfers since June.
  • Novatek unloads the LNG from ice-class tankers onto more conventional gas carriers.
  • In this case, the company used Arc7 class tanker Nikolay Urvantsev and LNG Dubhe tanker for the operations near the Kildin island in the Murmansk region, after which the LNG is likely to be delivered to China via the Suez Canal.
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