LNG: Mexico’s Proposed Amigo LNG Signs Supply Deal with Malaysia's E&H Energy
Mexico’s proposed Amigo LNG signed a preliminary long-term heads of agreement with Malaysian company E&H Energy, according to project developer LNG Alliance.
- The LNG facility in Guaymas, Sonora would supply 3.6mtpa over 20 years to E&H from Q3 2027.
- The 7.8mtpa Amigo LNG liquefaction and export facility is planned to consist of two trains importing gas from the US via pipeline through Mexico.
- The project has both FTA and non-FTA permits from the US DoE, valid until December 2027 but has not made a final investment decision.
- “The future outlook of the Malaysian gas market is positive, driven by increasing demand for gas, particularly in the Malaysian power sector”, a press release said.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US 10YR FUTURE TECHS: (U4) Builds Base at Weekly Low
- RES 4: 112-25 High Mar 8
- RES 3: 112-10 1.50 proj of the Apr 25 - May 16 - 29 price swing
- RES 2: 111-31 1.382 proj of the Apr 25 - May 16 - 29 price swing
- RES 1: 111-13+/17+ High Jul 16 / 1.382 of Apr 25-May 16-29 swing
- PRICE: 111-04+ @ 16:05 BST Jul 24
- SUP 1: 110-21+/110-08 20- and 50-day EMA values
- SUP 2: 109-02+/109-00+ Low Jul 1 / Low Jun 10 and key support
- SUP 3: 108-27+ Low Jun 3
- SUP 4: 108-25+ Trendline drawn from the Apr 25 low
A bull theme in Treasuries remains intact, with markets seemingly building a base at the weekly low of 110-18+. This goes someway to correcting the pullback off last week’s high, but further progress higher is needed before historic resistance at 111-10+ gives way again. Clearance here would confirm a resumption of the bull cycle and open 111-17+ and 111-31, the 1.236 and 1.382 projection of the Apr 25 - May 16 - 29 price swing. Initial support is 110-21+, the 20-day EMA.
MNI: BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW
- BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW
- BOC SAYS RATES AREN'T ON A PRE-DETERMINED PATH
- BOC'S MACKLEM SAYS POLICY DOESN'T NEED TO BE AS RESTRICTIVE
CANADA: Macklem: We Don't Need More Excess Supply
Q: You spoke about increasingly having to balance upside and downside risks, does the emphasis on balance imply the need for rates to fall relatively quickly and how much of a risk are mortgage renewals?
A: Two arguments. Symmetric nature of inflation targeting framework. When it was high and above the 1-3% band we were naturally more concerned about upside risks. We’re now back in the band and our own forecast has inflation continuing towards the 2% target so we need to be more symmetric.
Second element is where the economy is right now, in excess supply and slack in the labour market. There is enough excess supply in the economy to bring inflation back to the 2% target, we don’t need more excess supply. We need growth and job creation to start picking up to absorb excess supply and bring inflation back sustainably to target.
