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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
Global LNG prices remain in a pre-winter trough, but signs indicate the typical winter spike is approaching, according to Reuters.
- JKM Spot prices ended the previous week at $13.50/MMBtu, a fall of 10% on the prior week, but up 50% from the $9/MMBtu nadir in June.
- Early signs indicate a boost in demand from Asia, with imports of 20.76m mt of LNG into the region so far, according to Kpler. Japan is following its usual seasonal buying pattern, Reuters said – weaker buying in October, before demand accelerates.
- Imports into Europe for October are currently 8.58m mt, up from 7.4m mt in September, Kpler data shows. While this is down from 2022 levels, demand could rise further should a period of colder weather hit the continent.
Source: Reuters
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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