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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
Net LNG imports into Europe are stable at around 365mcm/d with warm weather keeping demand down and easing the pressure on global LNG supplies.
- Despite the falling European gas prices the TTF is still trading at a premium to JKM with the December spread at around -7$/mmbtu. The US netback to Europe is down to 28.07$/mmbtu according to Bloomberg calculations while the US netback to Asia is down to 19.11$/mmbtu.
- The total volume of LNG at sea for at least 20 days has increased 3.2% over the last week up to 4.59m tons according to Blomberg data. There are currently 23 tankers expected to arrive into NW Europe in the first couple of weeks of November.
- TTF DEC 22 down -4.7% at 117.52€/MWh
- NBP DEC 22 down -5.3% at 284.68p/th
- JKM Dec 22 down -2.9% at 27.54$/mmbtu
- JKM-TTF Nov 22 down -12.3$/mmbtu at -6.75$/mmbtu
- US Natgas DEC 22 down -3.7% at 6.12$/mmbtu
Source: MNI / 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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