MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

RPT-MNI INTERVIEW: ISM Choppiness Not A Clear Signal For Worry

MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

Factory Orders Decline as Non-EU Orders Dip

DMP survey increases probability of August cut

MNI: UK JUNE CONSTRUCTION PMI 52.2 (FCST: 54.0); MAY 54.7

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Shell Sign 20 Year Deal to Buy LNG from Canada's Ksi Lisims Project

LNG

Shell Plc signed a 20 year deal to buy 2m metric tons a year of LNG from a Canadian floating export facility for supply to Asian markets according to Bloomberg.

  • The first binding agreement for the proposed 12m tonnes per year Ksi Lisims project would be lifted on a free-on-board basis by Shell Eastern Trading Pte Ltd. The project in British Columbia is yet to reach full investment decision but could be ready by 2030.
  • Ksi Lisims LNG project is backed by an alliance among the Nisga’a Nation, Rockies LNG and Western LNG.
  • Shell is already a majority stakeholder in the 14m tons LNG Canada which is 85% complete and preparing for safe start-up activities to begin in 2024 as the first major exporter in British Columbia.
Energy BulletsCommoditiesCanada Bank of Canada Market News
Energy BulletsCommoditiesCanada Bank of Canada Market News

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