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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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Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...
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- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- New Zealand Coal & Carbon
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
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