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Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
 Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russian pipeline gas, but slowed down somewhat compared to previous years, says Banchero Costa, in its latest weekly report.
In the full 12 months of 2023, global shipments of LNG increased by +1.7% y-o-y to 409.9 mln t, based on Refinitiv vessel tracking data. This followed an even stronger +4.7% y-o-y increase in volumes during 2022, and a +7.3% y-o-y increase during 2021.
In Jan-Jun 2024 Banchero Costa said, the positive trend continued, with volumes increasing by +1.3% y-o-y to 206.0 mln t, from 203.3 mln t in 1H 2023. The largest exporter of LNG is now the USA, which accounted for 21.2% of shipments in 1H 2024, followed by Australia with 19.9% and Qatar with 18.8%.
According to Banchero Costa's report, in 1H 2024, the USA exported 43.6 mln tonnes of LNG, which represented a +1.8% y-o-y increase from the 42.8 mln t shipped in 1H23. Australia shipped 41.0 mln tonnes in Jan-Jun 2024, +0.8% y-o-y. Qatar exported 38.7 mln tonnes in Jan-Jun 2024, -2.6% y-o-y and Russia shipped 15.9 mln tonnes in 1H 2024, up +6.1% y-o-y from 15.0 mln t in 1H 2023, but well below the 17.0 mln t exported in 1H 2022.
The European Union remains the world’s largest importer of LNG. In 1H 2024, the EU imported 45.4 mln tonnes of LNG, down -12.2% y-o-y, accounting for 22.0% of global LNG imports.
According to the report, mainland China imported 39.1 mln tonnes of LNG in 1H 2024, +17.5% y-o-y from 33.3 mln t in 1H 2023. Japan imported 33.2 mln t in 1H 2024, up +1.3% y-o-y. South Korea imported 24.2 mln t in 1H 2024, up +1.7% y-o-y. India imported 13.0 mln t in 1H 2024, up +31.7% y-o-y. The United Kingdom imported 4.2 mln t in 1H 2024, down -60.6% y-o-y.
The European Union (27) is now the largest seaborne importer of LNG in the world. Indeed, by far the biggest increase in demand over the last couple of years came from Europe.
In Jan-Dec 2022, the European Union imported 100.8 mln tonnes of LNG, an increase of +68.9% y-o-y from the 59.7 mln tonnes imported in 2021. In terms of individual countries, this was 26.4 mln t to France, 22.8 mln t to Spain, 2.8 mln t to the Netherlands, 11.3 mln t to Belgium, 10.7 mln t to Italy, 4.5 mln t to Portugal, 4.4 mln t to Poland.
In the first 9 months of 2023, the EU imported 76.5 mln tonnes of LNG, which was +4.4% more than in the same period last year.
The EU27 now accounts for 22.0% of global seaborne LNG imports, well ahead of China in second place with 18.9% and Japan with 16.1%.
In terms of sources for LNG shipments into Europe, the biggest source by far are the United States. However, volumes peaked in 2023 and are now coming down.
Banchero Costa report further noted tthat, in the first 6 months of 2024, the EU imported 20.9 mln tonnes of LNG from the USA, down -7.4% y-o-y from 22.6 mln tonnes in 1H 2023, but still well ahead of the 8.5 mln t in 1H 2021 or the 9.4 mln t in 1H 2020. The USA accounted for 46.0% of seaborne LNG imports into Europe in the first half of 2024.
Despite all the talk of sanctions, volumes from Russia have not declined, far from it.
In Jan-Jun 2024, the EU imported 8.8 mln t of LNG from Russia, up by +14.8% y-o-y compared to 7.7 mln t in 1H 2023, and an all-time record high. Most of the volumes (8.1 mln t in 1H 2024) arrived from Sebetta Seaport (Yamal LNG).
In Jan-Jun 2023, Russia accounted for 19.4% of the EU’s LNG imports. Qatar is now in third place amongst top suppliers to the EU, with a 10.7% share, shipping 4.8 mln tonnes to the EU in Jan-Jun 2023, -25.2% y-o-y.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
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Showing 21 to 25 news of total 6871 |
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- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Australian Coal Association
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Marubeni Corporation - India
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