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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 recent fall in Asian LNG spot prices has prompted an increase in interest from South Asian buyers. Southeast Asian buying interest is likely to increase this summer compared to last year according to Bloomberg.
- Thailand’s spot LNG demand could lead to import growth this summer from last year. LNG will offer the only source of increased supply for the country due to no upside potential from pipeline supplies and a drop in domestic production by 17% in 2022.
- India, Pakistan, and Bangladesh are all expected to see slightly lower demand in summer 23 compared to summer last year despite the recent increased interest at lower prices. A further reduction in spot prices would likely be required to boost LNG spot consumption according to Bloomberg.
- The front month JKM price is holding just below 15$/mmbtu having fallen from a high of over 35$/mmbtu in December. Levels are still high compared to prices generally below 10$/mmbtu before mid 2021.
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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