CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Signed LNG Term Contract Volumes Increased in 2022

LNG

A total of 52 LNG sales and purchase agreements with tenures of 10 years or longer totalling more than 65m mt, were signed in 2022 up from 41.3m mt in 2021 according to S&P Global.

  • Appetite for term contracts is expected to continue into 2023 with several regasification terminals in Europe coming online in the next couple of years and up to 23m mt of existing contract expected to expire this year.
  • High market volatility in 2022 has made it increasingly difficult to price the crude oil slope in term contracts. The relationship between LNG prices and the crude oil slopes, degree of oil indexation, has become a moving target according to S&P Global sources. Counterparties are trying to balance the high historical level and downside LNG risks with the potential for future higher prices.
  • Purely Brent crude oil-linked term contracts fell to just 8.7% of signed contracts in 2022 compared to 38% in 2021 according to IHS Connect with a growing disconnect between oil prices and LNG prices.
Energy BulletsPower BulletsCommodities
Energy BulletsPower BulletsCommodities

To read the full story

Close

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.