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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
Spain’s imports of Russian LNG have increased 84% in the last year despite EU efforts to reduce energy dependence on Russia.
- Imports between Mar 2022 and Feb 2023 rose to 61,344GWh, compared with 33,305GWh in the same period a year earlier, according to Enagas data. Imports from the US grew 48% in the period while imports from Algeria declined.
- Spain’s Naturgy Energy has a 20-year contract to purchase LNG from Yamal LNG in the Arctic until 2038.
- European LNG flows from Russia increased more than 30% last year even though pipeline supplies have reduced significantly. Nealy half of western European LNG imports originated from US and 16% came from Russia.
- EU energy commissioner Kadri Simson on 9 Mar called on member states to stop buying Russian LNG and to not sign any new contracts with Russia once existing contracts have expired.
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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