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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
Spreads should maintain European LNG flows as TTF Jul remains steady at 88.145€/MWh
- LNG netbacks remain firmly in favour of flows to Europe. The netback from US to Europe at 19.55$/mmbtu vs 14.28$/mmbtu to Asia.
- 14 cargoes are due into NW Europe between now and the middle of the month, 9 of which originate from US according to Bloomberg tracking data.
- The monthly average LNG imports to NW and Eastern Europe for May were down 40k mt to 196k mt per day but remain 17% above the 5-year range for this time of year.
- Exports from US LNG terminals was also above the 5-year range with a daily average of 232k mt
- The graph below shows the monthly average of daily LNG net imports in to NW & Eastern Europe:
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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