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Wednesday, 05 February 20
RUSSIA EXPORTED 28.6 MLN TONNES OF LNG IN 2019 - REFINITIV
A lot of attention has been paid recently on the surge in LNG exports from the United States. However, another country which is seeing truly exponential growth in this sector is Russia. In the 12 months of 2019, Russia exported 28.6 mln tonnes of LNG, according to vessel tracking data from Refinitiv.
This represents an increase of +57.0% year-on-year, compared to the 18.2 mln tonnes exported in 2018. Also, it was +170.0% more than the 10.6 mln tonnes of LNG exported by Russia in 2017. Russia now accounts for 8.0% of global LNG seaborne exports. Last year there has also been a quite significant shuffling in the trade patterns from Russia. Japan used to be the top destination for Russian LNG until 2018.
In 2017, Japan accounted for as much as 62% of all Russian LNG exports. However, Japan’s share has fallen to just 20% in 2019. Even in absolute volumes, there has been a decrease last year. Japan bought only 5.8 mln tonnes of LNG from Russia in 2019,down -9.1% from 6.4 mln tonnes in 2018, and -12.3% down from the 6.6 mln tonnes imported in 2017. Shipments from Russia to Taiwan have also shrunk.
In 2019 Russia exported just 1.3 mln tonnes of LNG to the island, down -33% from 1.9 mln tonnes in 2018. Exports to South Korea have rebounded by +27% year-on-year in 2019 to 2.1 mln tonnes, from a low of 1.6 mln tonnes in 2018, and slightly above the 1.9 mln tonnes of 2017. The jump in demand from Mainland China was much more significant though. In 2019, Russia exported 2.8 mln tonnes of LNG to Main land China, up +98% year-on-year from the 1.4 mln tonnes of 2018,and almost six-fold the 0.5 mln tonnes of 2017. However, by far the biggest increase has been in shipments to Western Europe. In 2019, Russia exported 15.7mln tonnes of LNG to the European Union, a massive +191% year-on-year increase from the 5.4 mln tonnes of 2018. It’s worth pointing out that in 2017 the volumes were negligible (just 0.2mln tonnes).
LNG is playing an increasingly important role in Europe’s energy supply mix. Following a period of low utilization of Europe’s LNG import terminals between 2012 and 2017, LNG imports to Europe surged from the third quarter of 2018 onwards, and peaked in the spring of 2019. In total in 2019, the European Union imported 80.5 mln tonnes of LNG, up +79.5% year-on-year, and accounted for 22.5% of global LNG demand. Russia was the second largest supplier of LNG to the EU in 2019, being the source of 20% of the EU’s total imports.
In first place was still Qatar, which accounted for 27% of the EU’s LNG imports. Last year, the largest European importer of Russian LNG were France with 5.1 mln tonnes, followed by the Netherlands with 3.2 mln tonnes. Down the list we have the UK with 2.4 mln tonnes, Belgium with 2.3 mln tonnes, Spain with 2.2 mln tonnes. There have also been small volumes shipped to Finland, Sweden, Lithuania, and Portugal.
The vast majority of LNG exports from Russia are sourced from the Yamal LNG project, then or the northernmost industrial facility on the globe, and loaded at Sabetta Port on Russia’s Arctic coast. Yamal LNG is served by a fleet of 15 ice- class 170,000 cubic meter LNG carriers.
Source: Banchero Costa
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Tuesday, 18 February 20
ADARO REMAINS POSITIVE ON THE LONG-TERM FUNDAMENTALS OF COAL MARKET SUPPORTED BY THE SOUTHEAST ASIA AND SOUTH ASIA REGION
The global seaborne thermal coal market in 2019 was faced with macro and industry challenges which pushed international coa ...
Tuesday, 18 February 20
CORONAVIRUS AND ITS IMPACT ON YOUR CONTRACT - CAN YOU RELY ON 'FORCE MAJEURE'? - INCE
KNOWLEDGE TO ELEVATE
On 30 January 2020, the World Health Organization (WHO) declared that the outbreak of the Novel Coronavirus (officially t ...
Monday, 17 February 20
IMO-2020 SULPHUR CAP - ISSUES TO CONSIDER PRIOR TO THE IMPLEMENTATION OF THE CARRIAGE BAN ON 1 MARCH 2020 - STANDARD CLUB
With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban&rsqu ...
Monday, 17 February 20
COVID-19: THE EFFECT OF THIS PUBLIC HEALTH EMERGENCY ON CHARTERPARTY TERMS - GARD
KNOWLEDGE TO ELEVATE
Is it useful to compare the COVID-19 with earlier disease outbreaks?
A comparison with the Ebola outbreak ...
Saturday, 15 February 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - REUTERS
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Australian Coal Association
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- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
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- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
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- McConnell Dowell - Australia
- Romanian Commodities Exchange
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- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
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- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
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- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
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- Global Green Power PLC Corporation, Philippines
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- Economic Council, Georgia
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- GAC Shipping (India) Pvt Ltd
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
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- Africa Commodities Group - South Africa
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- Pipit Mutiara Jaya. PT, Indonesia
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- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
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- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
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- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
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- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
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- Ministry of Transport, Egypt
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- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
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- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
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- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
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