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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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Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
Thursday, 23 January 20
AFRICAN POWER PLATFORM PUBLISHES REPORTS ON POWER SECTOR FRAMEWORK FOR SELECTED AFRICAN COUNTRIES
Press Release: African Power Platform publishes Reports on Power Sector Framework for selected African Countries
With the repo ...
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- Mercator Lines Limited - India
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- Bangladesh Power Developement Board
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- Economic Council, Georgia
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- New Zealand Coal & Carbon
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- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
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- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
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- Tata Chemicals Ltd - India
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- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
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- Ministry of Finance - Indonesia
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- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
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- VISA Power Limited - India
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- Samtan Co., Ltd - South Korea
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- Malabar Cements Ltd - India
- Trasteel International SA, Italy
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