In this issue

 

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…
Free ReadLatest US export data shows rising prices for the country’s six liquefaction plants with China again being the top monthly destination followed by a surge of shipments to Turkey in…
Monday, 07 February 2022
There were 2.17mmt of LNG on the water with destinations in China according to market visibility at the time of writing on 4 February. These cargoes had an estimated delivery…

News Nudges

Europe’s gas crisis limits available FSRU vessels in Southeast Asia

Mounting gas shortages in Europe has not only drawn flexible LNG volumes away from Asia but also limited the number of available floating storage and regas (FSRU) vessels, the International Energy Agency (IEA) finds. To replace missing Russian supplies, European importers chartered 12 FSRU that were initially destined for LNG-to-power projects in Southeast Asia. Just over 20 FSRU vessels were available or under construction as of August. Since the war in Ukraine started in mid-February, 12 FSRUs have been chartered by European utility buyers for recently approved import terminals. Nine additional FSRU-based terminals are planned as EU gas buyers rush to replace Russian pipeline gas with LNG imports.The scarcity of floating LNG import terminals risk to slow down the electrification of emerging markets in Southeast Asia, where FRSU were meant to account for a sizeable share of future regas capacity. Gas is no longer the fuel of choice for decentralized power projects in Asia, as prices have gone through the roof and developers opt for renewables combined with energy storage instead.