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Saturday, 24 February 18
CHINA BECOMES WORLD'S SECOND LARGEST LNG IMPORTER, BEHIND JAPAN - EIA
 China surpassed South Korea to become the world’s second-largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS Markit and official Chinese government statistics. Chinese imports of LNG averaged 5 billion cubic feet per day (Bcf/d) in 2017, exceeded only by Japanese imports of 11 Bcf/d. Imports of LNG by China, driven by government policies designed to reduce air pollution, increased by 1.6 Bcf/d (46%) in 2017, with monthly imports reaching 7.8 Bcf/d in December.
China’s imports of natural gas have grown to meet increasing domestic natural gas consumption, which has been primarily driven by environmental policies to transition away from coal-fired electricity generation. The Chinese government has also implemented policies to convert several million residential households in China’s northern provinces, which traditionally rely on coal heating in the winter, to use natural gas-fired boilers instead.
Natural gas storage capacity in China is relatively limited, estimated at just 3% of total natural gas consumption. China’s seasonal peak demand is met primarily by natural gas imports, either by pipeline from Central Asia or by shipments of LNG. Despite increases in China’s domestic production and in pipeline imports in 2017, natural gas shortages in northern China led to record levels of LNG imports during the 2017 winter. Overall, natural gas imports accounted for 40% of China’s 2017 natural gas supply, and LNG made up more than half of those imports.
China has 17 LNG import terminals at 14 ports along its coastline, with a combined regasification capacity of 7.4 Bcf/d. Annual utilization rates at LNG import terminals averaged about 50% from 2013 through 2016, but the rate increased to 69% in 2017. Colder-than-normal winter weather increased natural gas demand and led LNG import terminals in the northern and central coastal regions of China to exceed nameplate capacity by 30% and 20%, respectively, in December 2017.
EIA expects natural gas consumption in China to continue to increase—driven by economics and environmental policies—and imports and increasing domestic production will be used to meet growing demand. China’s LNG import capacity is expected to reach 11.2 Bcf/d by 2021, once capacity expansions at existing terminals and new terminals currently under construction are completed. EIA also expects China’s imports of natural gas by pipeline to increase, especially as the Power of Siberia pipeline from Russia comes online by the end of 2019.
U.S. LNG exports to China increased significantly last year, from 17.2 Bcf in 2016 to 103 Bcf in 2017. China accounted for nearly 15% of U.S. LNG exports in 2017, behind only Mexico and South Korea. In November 2017, the United States and China signed several preliminary agreements for U.S. LNG exports to China, including exports from Sabine Pass on the Gulf Coast of Louisiana, the fully approved Delfin LNG offshore export project off Louisiana’s coast, and the proposed Alaska LNG project. In February 2018, Cheniere Energy and the China National Petroleum Corporation signed two long-term contracts for LNG from Sabine Pass and new LNG facility under construction near Corpus Christi, Texas.
Source: EIA
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Thursday, 12 April 18
ALWAYS ACCESSIBLE
KNOWLEDGE TO ELEVATE
On 26 March 2018 Mr Justice Knowles determined that the berth warranty ‘always accessible’ must mean the vess ...
Wednesday, 11 April 18
CHINA UTILITIES PLAN NEW COAL IMPORT PRICE INDEX TO CURB VOLATILITY - REUTERS
China’s major utilities are preparing to launch their own coal price index for imports, an official at China Huaneng Group said, in a move th ...
Wednesday, 11 April 18
US-CHINA TARIFF THREATS RAISE GLOBAL TRADE RISKS - FITCH
Escalating tariff proposals by the U.S. and Chinese governments are increasing the risks of a full-blown trade war, says Fitch Ratings. The most li ...
Tuesday, 10 April 18
BUMA GRANTED ADDITIONAL LOAN FACILITY FROM BTMU TO SUPPORT GROWTH
Press Release: PT Delta Dunia Makmur Tbk. is pleased to announce that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), signed an a ...
Monday, 09 April 18
APRIL INDONESIAN COAL PRICE REFERENCE DROPS TO LOWEST IN 2018
COALspot.com: According to latest ministerial decree, the Indonesian Coal Price Reference (HBA) decline 6.98 per cent in April 2018 compared to Mar ...
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- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Australian Coal Association
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- PTC India Limited - India
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
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