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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
Asian spot LNG prices remain soft as they fall towards 11$/mmbtu with high storage levels keeping demand low from key buyers such as Japan and South Korea. Near term supplies appear ample to cover the current demand levels.
- TTF prices are still above JKM across most of the forward curve to encourage flows to Europe over Asia. The front month JKM-TTF spread is currently trading around -0.85$/mmbtu.
- European LNG imports are strong with supplies covering for missing Norwegian supplies during the current period of field maintenance. Approximately 78 tankers have already arrived into NW European terminals so far in April with another 18 expected before the end of the month. April looks set to reach record shipments after a previous record total of 89 arrived in December.
- TTF MAY 23 down -1.3% at 39.4€/MWh
- NBP MAY 23 down -1.2% at 94.15p/th
- JKM May 23 unchanged at 12.59$/mmbtu
- JKM-TTF May 23 up 0.1$/mmbtu at -0.84$/mmbtu
- US Natgas MAY 23 down -2.7% at 2.21$/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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