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Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continues to pressure prices down.
The average LNG price for May delivery into northeast Asia LNG-AS was $13 per million British thermal units (mmBtu), down 50 cents, or 3.7%, from the previous week, industry sources estimated.
Prices have fallen 53% year-to-date and around 81% from the August 2022 peak at $70.50/mmBtu.
“Demand from northeast Asian buyers still remains broadly weak, with few end-users needing to step into the spot market for additional prompt supply,” said Samuel Good, head of LNG pricing at commodity pricing agency Argus.
He added that traders, however, are looking at the potential for any third-quarter demand that could emanate from China, where demand is expected to pick up on rising economic activity following the lifting of strict COVID lockdowns in December.
In Europe, gas prices rose on Friday due to firm demand and as industrial action protesting against pension system changes in France affected operations at nuclear plants and LNG terminals.
European gas prices had also been supported by mildly colder weather and less wind.
“A conflicted market to end the week, Europe showing some upside potential which would ordinarily pull Asia up with it. However, recent prompt tender rates have been lower than expected for delivered terms, coupled with a lack of any real demand for North Asia,” said Toby Copson, global head of trading at Trident LNG.
“I’d have to say short-term bearish outlook on Asian pricing until some demand driver emerges.”
The market has also continued to eye the potential for production issues across several Atlantic basin liquefaction terminals, added Argus’s Good, including at Freeport LNG in the United States and Angola LNG.
Angola’s only LNG project had recently cancelled tenders due to production issues at its plant, according to trading sources this week, while a company spokesperson said the plant is currently operating at reduced rates.
Meanwhile, the second biggest U.S. LNG export plant, Freeport, had cancelled up to four shipments of LNG due to restart snags after an eight-month-long outage, trading sources told Reuters.
S&P Global Commodity Insights assessed its daily north-west Europe LNG Marker (NWM) price benchmark for cargoes delivered in May on ex-ship (DES) basis at $12.334/mmBtu on March 24, a discount of $1.475/mmBtu to the May gas price at the Dutch gas TTF hub, said Allen Reed, managing editor, Atlantic LNG.
“The price of delivered LNG into Northwest Europe hit a 21-month low of $11.226 on March 20 as winter ended alongside strong natural gas inventories,” said Reed. “The price has remained depressed alongside the extension of strikes at French LNG terminals.”
Argus’ assessment for Northwest Europe DES LNG price was at $12.70/mmBtu on March 23.
On LNG spot freight, rates declined $6,250/day in both the Atlantic and Pacific basins since last Friday, said Eleni Balomenou, analyst at Spark Commodities. Atlantic rates fell below $50,000/day, the lowest since August 2022, while Pacific rates also declined to $71,500/day.
Source: Reuters
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- The University of Queensland
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Australian Coal Association
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
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