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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
European LNG imports have remained strong at over 400mcm/d in the last few weeks despite the ongoing disruption to French LNG imports due to industrial action. The first arrivals into France Montoir terminal in more than a month are currently expected on 5 and 6 April with sendout nominations showing from 5 April although the resumption of operations has not yet been confirmed.
- High winds in the UK late last week delayed several arrivals into Milford Haven resulting in a drop in UK sendout over the weekend.
- A total of 87 vessel arrived into NW European terminals in March with 54 from US and just below the record total of 89 seen in December.
- TTF prices are above JKM across the forward curve to encourage flows to Europe over Asia. The front month JKM-TTF spread is currently trading around -2.6$/mmbtu.
- Northeast Asia spot LNG prices remain under pressure due to soft demand although cold weather over parts of China have provided some support.
- TTF MAY 23 down -5% at 48.78€/MWh
- NBP MAY 23 down -5% at 121.9p/th
- JKM May 23 down -0.4% at 13.91$/mmbtu
- JKM-TTF May 23 down -0.2$/mmbtu at -2.63$/mmbtu
- US Natgas MAY 23 up 0.8% at 2.11$/mmbtu
Source: Bloomberg
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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