In this issue

 

Friday, 04 September 2020
Free Read1.52mmt on the water with a delivery horizon of 10th October, with c. 47% due in the North China region. At the time of writing, we saw three cargoes that…
Friday, 04 September 2020
China’s m/m LNG offtake grew by 0.25mmt in August, increasing robustly by 5% to 5.54mmt. Monthly Chinese offtakes had decreased by 0.48mmt (-8%) in June, meaning that the country realigned…
The Chinese economy has recovered swiftly after lockdowns were lifted and factories already operate at 87% of normal output since early April, pushing up energy demand. Australia emerged as China’s…
Free ReadRussia’s state gas company Gazprom seeks to boost gas production in Yakutia and enhance pressure as well as throughput at the ‘Power of Siberia’ pipeline. There is “plenty of supply,”…
Manufacturing is resuming in China, but the recovery from the coronavirus lockdown still needs to translate in a substantial rise in energy demand. China was the first to implement containment…
Terms of natural gas sales are changing. In the power sector gas no longer competes with oil, but coal and renewables – making hub-indexation traders' preferential choice. Across Asia, including…
The area around Tianjin in northeast China currently has floating and onshore import terminals and is already the nation’s leading LNG importer, but an expansion of the onshore terminal and…
Free ReadWith the Northern Sea Route from Arctic Russia to North Asia opening up earlier this year, the first LNG cargo is on route from Novatek’s Yamal LNG export terminal to…
Avenir LNG has obtained debt financing to meet the remaining payments on delivery of six small-scale LNG carriers under construction in Asia. The company, owned by three Norwegian shipping firms,…
Thursday, 04 June 2020
Total of 1.80mmt on the water with a delivery horizon of 7th July, with more than half due in the North China region. Three cargoes originated in the United States…
Thursday, 04 June 2020
Free ReadChina’s m/m LNG offtake grew by 0.42mmt in May, increasing robustly by 7.17% to 6.28mmt. Monthly Chinese offtakes had also grown by 1.48mmt (33.8%) in April, meaning that the country…
The first LNG cargo from the United States for more than a year is heading for the Chinese port Tianjin, east of Beijing, from the Cameron export plant in Louisiana…
Though Chinese workers have returned to factories of Airbus, General Motors and Toyota in recent days, many remain shuttered due to coronavirus quarantine measures. The recovery of Chinese gas demand…
Free ReadThough the latest oil price crash hits U.S. upstream companies, for Asian buyers it’s a blessing as the pricing of oil-indexed long term gas contracts is bound will come down…

News Nudges

Sinopec buys 25 cargoes through end-2024

China’s state-dominated gas giant Sinopec is well supplied, having issued a tender this autumn to purchase a total of 25 LNG cargoes, delivered on an ex-ship basis, between October 2023 and the end of this year. The price of these cargoes was not disclosed, though Sinopec wanted them to be indexed to the Japan-Korea-Marker (JKM) benchmark, except for the first one. The first shipment was delivered in October, followed by six in November and seven in December – leaving one cargo per month throughout 2024. Chinese authorities urged importers and domestic gas producers to source more of the cleaner-burning fuel as the country’s electricity use increased throughout the autumn.