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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
The number of US LNG export cargoes remained unchanged last week at 26, according to the EIA as feedgas supplied to terminals holds slightly below normal.
- Total vessel capacity of the vessels was 94bcf based on Bloomberg data.
- Average natural gas deliveries to US LNG export terminals increased by 0.2bcf/d from last week, averaging 13.2bcf/d, according to data from S&P Global Commodity Insights.
- A rise in deliveries to terminals in South Louisiana of 7% (0.5bcf/d) to 8bcf/d more than offset a drop to South Texas of 4.5% (0.2bcf/d) to 4bcf/d.
- US terminal feedgas flows are today at 13.11bcf/d according to Bloomberg with supplies to Sabine Pass but flows to other terminals back up near normal. Total US Feedgas supplies have averaged 13.2bcf/d so far this month.
- Asia continues to be the premium market for US LNG until at least November as of June 7, with the JKM-TTF spread widening, according to BNEF. The US netback to Asia for July is at $7.92/mmbtu and to Europe is at $7.01/mmbtu.
- TTF Jul 24 down 1.8% at 33.07€/MWh
- JKM Jul 24 down 0.6% at 11.82$/mmbtu
- JKM-TTF Jul 24 up 0.2$/mmbtu at 1.3$/mmbtu
- US Natgas Jul 24 up 1% at 2.85$/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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