In this issue

 

Free ReadThe Australians, supplying the largest share of China’s LNG imports at around 39 percent, expect the People’s Republic will import 86 million tons of LNG in 2022 – a slightly…
Sizable US LNG supply contracts with destination flexibility are giving Chinese buyers like Sinopec, ENN and China Gas the clout to set up LNG trading desks in Beijing, Singapore and…
The Chinese government has diversified energy imports and is boosting domestic oil, gas and coal production to keep prices under control. The People’s Republic imports more than 70 percent of…
Despite targeting Net Zero emissions by 2060, China’s gas demand is expected to rise for another two decades before peaking in the mid-2040s at above 660 bcm. Around half of China’s…
Free ReadPersuading Asia to use more coal could free up around 50 Bcm of LNG for Europe’s tight gas markets, analysts reckon. This would help Europe get a step closer to…
The almost forgotten Lake Charles LNG export project in Louisiana has been revived by Energy Transfer, owner of assets in the Permian and Haynesville Shale, thanks to two sales and…
Thursday, 07 April 2022
There were 1.15mmt of LNG on the water with destinations in China according to market visibility at the beginning of April. These cargoes had an estimated delivery horizon of 4…
Thursday, 07 April 2022
Free ReadChina's mostly LNG offtake in March amounted to 4.80mmt, our data indicated, which constituted broadly steady monthly demand compared to the 4.76mmt we recorded in February. However, Chinese demand in…
Spot LNG prices into northeast Asia have fallen after China’s Sinopec and CNOOC issued large LNG cargo sale tenders, indicating they are well-stocked amid sluggish demand. Sinopec offered two to…
Price-savvy Chinese energy importers are importing less LNG, particularly spot cargoes, as import cost are higher than domestic sales prices. These sky-high spot LNG make it impossible for China’s numerous…
Free ReadElectricity demand growth in China is forecast to exceed 8 percent in 2022, driving up global coal and LNG prices, which forces power generators to think twice whether to import…
Coal has staged a surprise return in the global power gen market in the face of sky-high LNG prices, but this phenomenon will be short-lived, the International Energy Agency (IEA) says.…
High coal and gas prices combined with a cooling economy will lower China’s electricity hunger this year, partly reversing 2021’s staggering 10.3% growth. The Asian powerhouse consumed 8,312.8 TWh of…
Russia’s state-dominated Gazprom has admitted supplies to Western Europe were reduced by more than 41 percent year-on-year in January 2022, though it claims “gas deliveries are carried out in full…

News Nudges

Taiwan’s LNG imports not compromised by Chinese manoeuvres

Taiwan’s Government has claimed that its LNG imports were largely unaffected by the recent Chinese military exercises off its waters. The country’s Ministry of Economic Affairs (MOEA) said Taiwan has an LNG inventory for more than 10 days, as required by law. Seven LNG carriers were berthed and completed their offloading without disruption during the mainland Chinese exercises. Local media said that this statement appeared to address concerns about the country’s energy supplies that could have been impacted by Beijing’s blockade manoeuvres. The ministry also said that inbound and outbound shipping schedules were unaffected.