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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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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- The University of Queensland
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Planning Commission, India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Australian Coal Association
- MS Steel International - UAE
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
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