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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Mintek Dendrill Indonesia
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- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Xindia Steels Limited - India
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- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Deloitte Consulting - India
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- Energy Link Ltd, New Zealand
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- Karbindo Abesyapradhi - Indoneisa
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- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
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- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
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- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
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- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
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- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
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- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
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- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Marubeni Corporation - India
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- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- The University of Queensland
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
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