MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

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EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

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Wilhelmshaven LNG Terminal To Receive Freeport Cargo

LNG

Germany is set to receive its first LNG shipments from Freeport LNG at its Wilhelmshaven terminal, ship-tracking data on Bloomberg show.

  • Uniper’s LNG Rosenrot vessel loaded the cargo at Freeport on 14 Feb and is set to bring it to the Wilhelmshaven import terminal on 3 Mar.
  • Freeport LNG earlier this month was allowed to resume some shipping operations of fuel from storage tanks. It has since also requested the federal regulators to approve a full commercial restart for Phase 1 of the project, which, once granted, would also allow it to produce new LNG and ship it.
  • Freeport LNG has so far dispatched four vessels, ship-tracking data compiled by Bloomberg show. The first export appears to be headed for Asia via the Suez Canal, and another one is headed to Panama, ship-tracking data show.
  • The terminal gradually resuming shipments after numerous delays is a relief for traders who were forced to source missing cargoes elsewhere while Freeport was shut.
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