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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.
NATURAL GAS
TTF extends decline with strong LNG flows and near full storage levels.
- Another 27 cargoes are currently expected into NW Europe before the end of this month with nearly 60% originating from US.
- Net flows into Europe have averaged 413mcm/d so far this month up from around 370mcm/d in the last week of October.
- LNG at sea for at least 20 days was up at 4.56m tons as of Nov 6 with tankers waiting for regas terminal availability, cold weather and higher prices. A few cargoes were diverted to the Pacific Basin last week but this has not been seen yet to be the start of a wider trend.
- The US LNG netback to Europe is down to 26.08$/mmbtu and the netback to Asia is down to 19.11$/mmbtu.
- TTF DEC 22 down -8.1% at 104.3€/MWh
- NBP DEC 22 down -7.4% at 246.77p/th
- JKM Dec 22 down -0.2% at 27.67$/mmbtu
- JKM-TTF Dec 22 up 1.1$/mmbtu at -3.66$/mmbtu
- US Natgas DEC 22 up 0.3% at 6.26$/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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