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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
The share of spot LNG trade in the global market fell to a new low of 26% in 2023 according to ICIS. Early 2024 is suggesting a small rise in the share of spot supply driven by prices below oil-linked contract levels.
- The long-term contracts share of 72% was supported by high spot vs contract prices in 2023 with much of the contract pricing linked to oil. Short/mid-term contracts accorded for the small remaining share.
- China’s spot LNG was just 22% of supply, unchanged from 2022 but down from 41% in 2021 with new term supply starting last year. Europe’s spot supply was close to 2022 at just under 30%.
- The large rise in US LNG production on a FOB basis means relative market pricing in Europe and Asia will be vital to drive supply.
Source: ICIS
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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