MNI China Daily Summary: Friday, July 12

MNI BRIEF: China June M2 SlowsTo Record Low For Third Month

MNI BRIEF: China Steel Export Growth Slows In June

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

Retail Sales / Services Turnover Publications Postponed Indefinitely

CHINA H1 NEW LOANS CNY13.27 TRLN VS JAN-MAY CNY11.14 TRLN

Inflation Momentum Ticks Up Despite Lower-than-expected Print

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Vietnam Purchase First LNG Cargo

LNG

Vietnam has purchased its first ever LNG shipment after a tender from PetroVietnam Gas JSC for a cargo to be delivered to the new Thi Vai terminal around June-July. The cargo was purchased at about 10$/mmbtu according to Bloomberg sources.

  • The company expects to begin delivering gas to customers from July according to their website.
  • The start of imports has been boosted by the falling gas prices and continued growth is likely to depend in large part on price levels.
  • Vietnam this month approved a power plan to boost wind energy and gas while reducing reliance on coal. The plan would see a fourfold increase in gas fired power plant installed capacity by 2030 with most from LNG.
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