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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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Saturday, 15 February 20
CHEN ZHIDA: NOVEL CORONAVIRUS - IMPLICATIONS FOR CHARTERPARTIES - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Last month, the Club issued a bulletin on the 2019 Novel Coronavirus (COVID-19) which explained the origin of the virus a ...
Saturday, 15 February 20
AFRAMAX: A MORE POSITIVE ATTITUDE EXISTED IN THIS SECTOR WITH RATES IMPROVING ON ALL ROUTES - BALTIC BRIEFING
VLCC
The market in the Middle East was unmoved this week, with Chinese refiners continuing to slow imports, allied with the impact of the Coron ...
Saturday, 15 February 20
A 56,000DWT VESSEL WAS CONCLUDED BASIS DELIVERY SINGAPORE VIA INDONESIA REDELIVERY CHINA IN THE LOW $6,000S - BALTIC BRIEFING
Capesize
Riding the downward momentum of the previous week, the market was always going to be hard pressed to make any sort of revival. With mu ...
Saturday, 15 February 20
U.S. COAL PRODUCTION WILL TOTAL 595 MMST IN 2020, DOWN 14% FROM 2019 - EIA
EIA forecasts that U.S. coal production will total 595 million short tons (MMst) in 2020, down 95 MMst (14%) from 2019.
Lower ...
Friday, 14 February 20
WHY THE WORLD ECONOMY WILL BE FACING CHINA'S CORONAVIRUS FOR A LONG TIME - CNBC
Everywhere we look we see the headlines and commentators talking about the coronavirus and its impact on tourism, trade and investment between Chin ...
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- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
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