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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
Western Europe’s LNG imports jumped to a record 10.6 million metric tons in April, weighing on European natural gas prices, data compiled by Bloomberg show.
- Imports were driven by shipments into France, Belgium and the Netherlands. The US supplied about 50% of all imports, while Russian cargoes accounted for roughly 10%.
- “No doubt, consistently high LNG flows, combined with already high inventories, are putting pressure on the market,” said James Waddell, head of European gas and global LNG at consultant Energy Aspects Ltd.
- “If Chinese LNG demand growth does not pick up and we see a low level of global LNG export plant outages this year, then sub-€40/MWh prices make sense, ”he added.
- Europe’s gas inventories stood at around 60.16% of capacity on 1 May, AGSI data showed.
- TTF JUN 23 down -1.9% at 36.82€/MWh
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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