LNG: JERA Signs Long-Term 2m Mtpa LNG Deal with Rio Grande: Platts
May-30 09:54
NextDecade has signed a binding 20-year LNG supply deal with Japan’s JERA for 2m mtpa from the proposed fifth liquefaction train at its Rio Grande LNG project in Texas, Platts said.
- The agreement is the first firm offtake contract for Train 5 and is priced based on the Henry Hub index on a FOB basis.
- NextDecade, which reached an FID on the first phase of the project in 2023, aims to increase total capacity to 27m mtpa with Trains 4 and 5.
- Train 4 has 85% of its 5.4m mtpa capacity contracted, including deals with Saudi Aramco, ADNOC, and TotalEnergies.
- FID for the expansion depends on further contracts, financing, and regulatory approvals.
- JERA sees US LNG as vital for energy security and aims to rebalance its supply portfolio.
- NextDecade awaits a regulatory ruling on a key permit expected by November.
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OPTIONS: Expiries for Apr30 NY cut 1000ET (Source DTCC)
Apr-30 09:53
- EUR/USD: $1.1375-95(E2.7bln), $1.1425(E500mln)
- USD/JPY: Y140.50($1.9bln), Y142.00($1.8bln), Y144.40-50($959mln), Y145.00($1.5bln), Y148.50($716mln)
- AUD/USD: $0.6115(A$1.1bln), $0.6250(A$702mln)
- NZD/USD: $0.5950(N$521mln)
JPY: Downside continuation for the Yen
Apr-30 09:50
- The Yen is still pushing lower, it's been a one way gradual move since Europe joined the session, and given the lack of movements in Risk or US Yield, the only notable Data point was the weaker Japanese IP and Retail Sales, although the Yen move was quite limited on the release.
- USD, EUR, GBP are testing new intraday highs, within G10, the Aussie is still the best performer against the Yen (and the USD), on the back of the Higher Inflation print Overnight.
OUTLOOK: Price Signal Summary - Monitoring S&P E-Minis Resistance
Apr-30 09:48
- In the equity space, a corrective bull cycle in S&P E-Minis that started on Apr 7, remains in play. The contract has breached a number of important short-term resistance points. Price has cleared the 20-day EMA and pierced 5528.75, the Apr 10 high. The next key resistance is 5618.25, the 50-day EMA. A clear breach of this EMA would strengthen a bull theme. Initial key support lies at 5127.25, the Apr 21 low. A break would be bearish. First support lies at 5355.25, the Apr 24 low.
- EUROSTOXX 50 futures maintain a positive tone and are holding on to their recent gains. The contract has cleared the 20-day EMA and pierced the 50-day EMA, at 5102.56. A clear break of this average would strengthen the current bull cycle and signal scope for a continuation of the corrective uptrend. This would open 5165.00 next, the Apr 3 high. Support to watch lies at 4812.00, the Apr 16 low. Clearance of this level would highlight a reversal. First support lies at 4959.00, the Apr 23 low.
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