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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
Global supply of LNG is set to rise 6% this winter from a year earlier, to 220m metric tons according to BNEF. Supply is projected to increase from all markets except Qatar over winter 2023-24.
- Growth will be driven by a 17% increase in US output amid the return of Freeport LNG earlier this year as well as new projects coming online in the Atlantic and Pacific Basin.
- Five new projects are aiming to commence operations this winter boosting global liquefaction capacity by 14.9mtpa. Arctic LNG 2 in Russia, Altamira Fast LNG in Mexico, Tangguh Train 3 in Indonesia, the Greater Tortue Ahmeyim FLNG off the coast of Mauritania and Senegal, and Tango FLNG in the Republic of Congo.
- New projects will contribute around 3m tons of supply, or 24% of the total growth anticipated this winter.
- Downside risks comes from potential new plants delays, extreme weather events and possible production disruption.
Source: BNEF
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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