Free Trial
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
Natural gas prices in Europe and Asian remain weak but the total volume of global LNG imports rose last week due to higher demand from Japan and China. The total volume of global LNG imports increased 20% (1.4m metric tons) in the week 8-14 May to 8.4m metric tons according to Bloomberg.
- Deliveries into Japan-Korea-mainland China-Taiwan region (JKCT) increased the most by 1m metric tons, mostly due to higher imports into Japan and Mainland China post holidays.
- NW Europe and Italy saw imports almost flat week-on-week although total European sendout has been slowly declining from a peak in late April. Sendout was at 435mcm/d on 14 May compared to a peak of 537mcm/d on 24 April.
- Week demand in Europe and Asia has resulted in a surge in LNG at sea since March with volumes at 3.49m metric tons on 14 May.
- The JKM-TTF front month spread has edged higher over the last week, due to the decline in TTF prices, with JKM now at a 0.76$/mmbtu premium to TTF. The spreads for the remaining summer months are holding the premium to TTF.
- TTF JUN 23 down -0.6% at 32.13€/MWh
- NBP JUN 23 down -0.3% at 74.25p/th
- JKM Jun 23 up 1.3% at 11.05$/mmbtu
- JKM-TTF Jun 23 up 0$/mmbtu at 0.78$/mmbtu
- US Natgas JUN 23 down -1% at 2.35$/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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok