Friday, 27 September 2019 07:38

Expected Cargo This week

We expect the end of this week to have seen 73 – 75 cargo liftings amounting to c. 5.29mmt, representing roughly one cargo less week-on-week.

Pacific Basin 

The Pacific Basin is expected to account for 35 of this week’s liftings, meaning that roughly 2.27mmt will be exported throughout the Basin by Sunday.

Thursday, 26 September 2019 07:36

Expected LNG Deliveries this Week

Japan tops list with 1.58mmt

Pacific Basin

We are currently expecting 4.87mmt to be delivered within the Pacific Basin by the end of this week, constituting a decrease of 10% over our expectation at this point last week. At least 72% are destined for Japan (1.58mmt), China (1.16mmt) and South Korea (0.72mmt) whilst 0.23mmt are still without a confirmed destination within the Basin.

 

Wednesday, 11 September 2019 07:29

Global LNG Trade Weakened last Week

Last week’s global LNG trade stood at 13.50mmt, having thus decreased by 1.94mmt (-12.6%) week-on-week.

Pacific Basin week-on-week exports suffer as Australia and Malaysia ship less.

Final August figures likely to improve but outlook suggests fewer exports in August, with the majority of shipped LNG still at sea and headed for the Pacific

As of 28 August, US LNG is likely going to see a significant drop of 0.99mmt in month-on-month this month, with Sabine Pass LNG accounting for c. 79% of that retreat. Accordingly, capacity utilisation is also set to drop, from 97% to 71%, on average. 

Thursday, 22 August 2019 07:13

Significant Global LNG Export Growth in July

However, August exports likely to fall short

Global LNG shipments (not including re-exports) reached 32.30mmt in July, constituting an increase of 2.33mmt (8%) month-on-month and 4.67mmt (17%) year-on-year. Overall, global export capacity utilisation in July thus rose by 7pp from June’s 86% to 93%. 

Tuesday, 20 August 2019 07:09

China boosts week-on-week LNG imports

Country now operates in similar demand spectrum as Japan

Chinese LNG imports saw robust week-on-week growth last week, rising by 0.44mmt (45%) to 1.41million tonnes (mmt) last week (12-18 August) from 0.97mmt in the week prior (5-11 August). Significantly, China thereby operated in the same demand spectrum as Japan – hitherto the world’s largest and most consistent LNG importer – last week. The demand gap between the two countries has been narrowing this summer.LNGuDAug22img1 1024x579

Thursday, 15 August 2019 07:04

US LNG Continues on Growth Trajectory

Sabine Pass manages turnaround in last week of July

US LNG exports seemed set for negative growth in the fourth week of July based on vessel schedule visibility. At the time, only four additional cargo liftings had been scheduled for the United States by the end of July, which indicated LNG exports out of Sabine Pass in particular to reach only 1.57 million tonnes (mmt) for the month.

Sabine Pass’ ‘rapid-fire’ schedule

Thursday, 08 August 2019 07:01

Prelude shows the way for stranded gas

Although technically not the world’s first operational FLNG barge, it sets new standards in scale

The case for offshore gas fields too small for conventional development to make economic sense has received a boost through the continued production ramp-up at Australia’s Prelude,  the world’s largest FLNG barge

Thursday, 01 August 2019 06:55

A Brief View on LNG in Europe

US-China trade dispute has pushed LNG to Europe, but the overall picture is more nuanced

Explosive Growth

European LNG imports have seen dramatic growth over the past year. Total offtakes grew by 82% year-on-year in June to 7.54mmt. This contrasts with the negative growth seen between August 2017 and September 2018, when imports seemed fixed on a gentle downward trajectory.

But tank safety issues at Sabine Pass likely to prevent month-on-month supply growth in July

The United States can look forward to another LNG plant coming on stream soon. Following almost four years of construction Freeport LNG’s Train 1 has begun receiving feedgas following pre-commissioning that started in February this year. Meanwhile, trains 2 & 3 are in advanced stages of construction. Pre-commissioning comprises a series of dry runs to test the integrity of the pre-treatment and cooling facilities individually and in concert.