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Saturday, 24 February 18
CHINA BECOMES WORLD'S SECOND LARGEST LNG IMPORTER, BEHIND JAPAN - EIA
 China surpassed South Korea to become the world’s second-largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS Markit and official Chinese government statistics. Chinese imports of LNG averaged 5 billion cubic feet per day (Bcf/d) in 2017, exceeded only by Japanese imports of 11 Bcf/d. Imports of LNG by China, driven by government policies designed to reduce air pollution, increased by 1.6 Bcf/d (46%) in 2017, with monthly imports reaching 7.8 Bcf/d in December.
China’s imports of natural gas have grown to meet increasing domestic natural gas consumption, which has been primarily driven by environmental policies to transition away from coal-fired electricity generation. The Chinese government has also implemented policies to convert several million residential households in China’s northern provinces, which traditionally rely on coal heating in the winter, to use natural gas-fired boilers instead.
Natural gas storage capacity in China is relatively limited, estimated at just 3% of total natural gas consumption. China’s seasonal peak demand is met primarily by natural gas imports, either by pipeline from Central Asia or by shipments of LNG. Despite increases in China’s domestic production and in pipeline imports in 2017, natural gas shortages in northern China led to record levels of LNG imports during the 2017 winter. Overall, natural gas imports accounted for 40% of China’s 2017 natural gas supply, and LNG made up more than half of those imports.
China has 17 LNG import terminals at 14 ports along its coastline, with a combined regasification capacity of 7.4 Bcf/d. Annual utilization rates at LNG import terminals averaged about 50% from 2013 through 2016, but the rate increased to 69% in 2017. Colder-than-normal winter weather increased natural gas demand and led LNG import terminals in the northern and central coastal regions of China to exceed nameplate capacity by 30% and 20%, respectively, in December 2017.
EIA expects natural gas consumption in China to continue to increase—driven by economics and environmental policies—and imports and increasing domestic production will be used to meet growing demand. China’s LNG import capacity is expected to reach 11.2 Bcf/d by 2021, once capacity expansions at existing terminals and new terminals currently under construction are completed. EIA also expects China’s imports of natural gas by pipeline to increase, especially as the Power of Siberia pipeline from Russia comes online by the end of 2019.
U.S. LNG exports to China increased significantly last year, from 17.2 Bcf in 2016 to 103 Bcf in 2017. China accounted for nearly 15% of U.S. LNG exports in 2017, behind only Mexico and South Korea. In November 2017, the United States and China signed several preliminary agreements for U.S. LNG exports to China, including exports from Sabine Pass on the Gulf Coast of Louisiana, the fully approved Delfin LNG offshore export project off Louisiana’s coast, and the proposed Alaska LNG project. In February 2018, Cheniere Energy and the China National Petroleum Corporation signed two long-term contracts for LNG from Sabine Pass and new LNG facility under construction near Corpus Christi, Texas.
Source: EIA
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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
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