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Wednesday, 27 April 22
EUROPEAN UNION'S LNG IMPORTS - BANCHERO COSTA
 In 2021, the European Union (27) was the third largest seaborne importer of LNG in the world, with a 15.8% share.
It followed Mainland China with 20.2% and Japan with a 19.7% share. LNG imports into Europe seriously jumped in 2019, with the start of a number of projects, says Banchero Costa in its latest weekly report.
According to Banchero Costa, in the 12 months of 2019, European LNG imports jumped by +65.4% y-o-y to 65.6 mln tonnes, from 39.7 mln tonnes in 2018. Since then, volumes have been drifting down, due to more limited energy demand, at a time of Covid lockdowns and a weak economy.
In 2020, Banchero Costa said, the EU imported 62.8 mln tonnes of LNG, which was -4.2% down from 2019 and In 2021, imports dwindled further, with just 58.5 mln tonnes, down a further -6.8% y-o-y from 2020.
Things however took a dramatic turn in the first quarter of 2022, with the Russian invasion of Ukraine pushing Europe to secure alternative sources of energy, Banchero Costa said.
In the first 3 months of 2022, according to Banchero Costa report, the EU imported 22.1 mln tonnes of seaborne LNG, up by +72.8% y-o-y from the 12.8 mln tonnes in the first quarter of 2021. This also made the EU into the world’s top importer of LNG so far this year, with a 20.9% share of global imports, ahead of Japan’s 19.7% and Mainland China’s 15.7% In terms of individual countries, this was 6.4 mln t to France, 5.4 mln t to Spain, 2.6 mln t to the Netherlands, 2.2 mln t to Italy, 2.0 mln t to Belgium, 1.2 mln t to Portugal, 0.8 mln t to Poland, 0.7 mln t Greece. Equally significant growth has been seen in imports into the United Kingdom.
Banchero Costa further noted that, in the first quarter of 2022, LNG imports into the UK jumped by +51.3% y-o-y to 5.7 mln tonnes, from, 3.8 mln tonnes in 1Q 2021. On the other hand, LNG imports into China slowed down somewhat from record levels last year. Volumes 1Q 2022 declined by -13.9% y-o-y to 16.7 mln tonnes, from 19.4 mln tonnes in 1Q 2021.
Banchero Costa also noted that, imports into Japan also declined in 1Q 2022 by -10.8% y-o-y to 20.9 mln tonnes from 23.5 mln t in 1Q 2021. In terms of sources for LNG shipments into Europe, there has been a huge huge jump in volumes from the United States.
In the first 3 months of 2022, the EU imported 10.4 mln tonnes of LNG from the USA, up +234.8% y-o-y from 3.1 mln tonnes in 1Q 2021. The USA accounted for 46.9% of seaborne LNG imports into Europe in the first quarter of 2022.
Despite all the talk of sanctions, according to Banchero Costa’s report, volumes from Russia have not declined, far from it. In 1Q 2022, the EU imported 4.1 mln tonnes of LNG from Russia, up by +49.1% y-o-y compared to 2.7 mln tonnes in 1Q 2021. This was an all-time record. The EU has never imported as much LNG from Russia as this year. In fact, March 2022 was an all-time record month for Russian LNG imports into the EU. In March 2022, the EU imported 1.6 mln tonnes of LNG from Russia, up +14.5% m-o-m from February 2022, and up +34.3% y-o-y from March 2021.
In 1Q 2022, Russia accounted for 18.3% of the EU’s seaborne LNG imports. West Africa is now in third place amongst top suppliers to Europe, shipping 2.8 mln tonnes to the EU in Jan-Mar 2022, up +27.0% y-o-y. West Africa accounts for 12.7% of EU’s LNG imports. Imports from Qatar, on the other hand, have continued to decline. In 1Q 2022, the EU imported 2.2 mln t of LNG from Qatar, down -2.0% yo-y from 2.3 mln t in 1Q 2021. Qatar accounts for 10.1% of the EU’s total seaborne LNG imports. Shipments from North Africa to the EU also declined by -13.5% y-o-y to 1.7 mln t in 1Q 2022, from a record high 1.9 mln t in 1Q 2021, Banchero Costa report says.
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Saturday, 11 June 22
AIMTEK INTERNATIONAL CONFERENCE AND AWARDS
Press Release: The prestigious AIMTEK International Conference and Awards concluded successfully on June 7th, 2022 at Radisson Blu, Yas Island Abu ...
Thursday, 26 May 22
MARKET INSIGHT - INTERMODAL
The newbuilding market activity has been significantly positive from a dry bulk owner perspective during the first half of 2022. Indeed, the contra ...
Wednesday, 18 May 22
INDONESIAN COAL PRICE REFERENCE DROPPED 4.42% IN MAY
COALspot.com: Indonesian Coal Price Reference for May delivery drops 4.42 per cent month on month.
The Indonesian Coal Price Referen ...
Thursday, 12 May 22
MARKET INSIGHT - INTERMODAL
Almost through half of the year, the overall shipping market continues to show signs of healthiness, after plenty of festivities and holidays that ...
Tuesday, 26 April 22
CHINA'S APPETITE FOR BAUXITE HITS NEW RECORD AS Q1 IMPORTS JUMP 15.4% Y/Y - BIMCO
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and ...
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- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
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