LNG: Russian LNG Vessels in Mediterranean Potentially Signal STS

Feb-27 16:21

 Two sanctioned Russian LNG tankers have been spotted in close proximity in the Mediterranean possibly signalling a STS may take place to try and circumvent sanctions Kpler data shows. 

  • Metagas Energy is laden with Arctic LNG 2 volumes while Mulan, next to it, is in ballast. Metagas Energy loaded cargo at Arctic LNG 2 on October 5 .
  • The Arctic LNG 2 project remains heavily sanctioned by the West, limiting discharge options. Even if transferred, the LNG faces significant constraints, as Russia’s floating storage units, Koryak and Saam, are already at full capacity following previous discharges.
  • LSEG reported earlier on Thursday that U.S. sanctions are impacting LNG flows out of Russia’s Baltic Sea Portovaya LNG and Kryogaz-Vysotsk.

Historical bullets

BTP: Spread To Bund Widens On Meloni Embezzlement Headlines

Jan-28 16:15

Headlines crossing from Reuters on Italian PM Meloni. Our Political Risk team are looking for further details:

  • "ITALY'S PRIME MINISTER MELONI: UNDER INVESTIGATION FOR EMBEZZLEMENT" RTRS
    "ITALY'S PRIME MINSITER MELONI: JUSTICE MINISTER AND OTHER GOVT OFFICIALS UNDER INVESTIGATION"
    "ITALY PM MELONI: INVESTIGATION RELATED TO THE CASE OF REPATRIATED LIBYAN POLICE OFFICER"

Some widening in the 10-year BTP/Bund spread following those headlines. Spread now back at 108bps (vs 107bps this morning). BTP futures have fallen some 15 ticks, now back at 119.00 at typing (-6 ticks today).

FED: US TSY 2Y FRN AUCTION: NON-COMP BIDS $29 MLN FROM $30.000 BLN TOTAL

Jan-28 16:15
  • US TSY 2Y FRN AUCTION: NON-COMP BIDS $29 MLN FROM $30.000 BLN TOTAL

FED: US TSY 42D AUCTION: NON-COMP BIDS $313 MLN FROM $85.000 BLN TOTAL

Jan-28 16:15
  • US TSY 42D AUCTION: NON-COMP BIDS $313 MLN FROM $85.000 BLN TOTAL