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Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
 Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russian pipeline gas, but slowed down somewhat compared to previous years, says Banchero Costa, in its latest weekly report.
In the full 12 months of 2023, global shipments of LNG increased by +1.7% y-o-y to 409.9 mln t, based on Refinitiv vessel tracking data. This followed an even stronger +4.7% y-o-y increase in volumes during 2022, and a +7.3% y-o-y increase during 2021.
In Jan-Jun 2024 Banchero Costa said, the positive trend continued, with volumes increasing by +1.3% y-o-y to 206.0 mln t, from 203.3 mln t in 1H 2023. The largest exporter of LNG is now the USA, which accounted for 21.2% of shipments in 1H 2024, followed by Australia with 19.9% and Qatar with 18.8%.
According to Banchero Costa's report, in 1H 2024, the USA exported 43.6 mln tonnes of LNG, which represented a +1.8% y-o-y increase from the 42.8 mln t shipped in 1H23. Australia shipped 41.0 mln tonnes in Jan-Jun 2024, +0.8% y-o-y. Qatar exported 38.7 mln tonnes in Jan-Jun 2024, -2.6% y-o-y and Russia shipped 15.9 mln tonnes in 1H 2024, up +6.1% y-o-y from 15.0 mln t in 1H 2023, but well below the 17.0 mln t exported in 1H 2022.
The European Union remains the world’s largest importer of LNG. In 1H 2024, the EU imported 45.4 mln tonnes of LNG, down -12.2% y-o-y, accounting for 22.0% of global LNG imports.
According to the report, mainland China imported 39.1 mln tonnes of LNG in 1H 2024, +17.5% y-o-y from 33.3 mln t in 1H 2023. Japan imported 33.2 mln t in 1H 2024, up +1.3% y-o-y. South Korea imported 24.2 mln t in 1H 2024, up +1.7% y-o-y. India imported 13.0 mln t in 1H 2024, up +31.7% y-o-y. The United Kingdom imported 4.2 mln t in 1H 2024, down -60.6% y-o-y.
The European Union (27) is now the largest seaborne importer of LNG in the world. Indeed, by far the biggest increase in demand over the last couple of years came from Europe.
In Jan-Dec 2022, the European Union imported 100.8 mln tonnes of LNG, an increase of +68.9% y-o-y from the 59.7 mln tonnes imported in 2021. In terms of individual countries, this was 26.4 mln t to France, 22.8 mln t to Spain, 2.8 mln t to the Netherlands, 11.3 mln t to Belgium, 10.7 mln t to Italy, 4.5 mln t to Portugal, 4.4 mln t to Poland.
In the first 9 months of 2023, the EU imported 76.5 mln tonnes of LNG, which was +4.4% more than in the same period last year.
The EU27 now accounts for 22.0% of global seaborne LNG imports, well ahead of China in second place with 18.9% and Japan with 16.1%.
In terms of sources for LNG shipments into Europe, the biggest source by far are the United States. However, volumes peaked in 2023 and are now coming down.
Banchero Costa report further noted tthat, in the first 6 months of 2024, the EU imported 20.9 mln tonnes of LNG from the USA, down -7.4% y-o-y from 22.6 mln tonnes in 1H 2023, but still well ahead of the 8.5 mln t in 1H 2021 or the 9.4 mln t in 1H 2020. The USA accounted for 46.0% of seaborne LNG imports into Europe in the first half of 2024.
Despite all the talk of sanctions, volumes from Russia have not declined, far from it.
In Jan-Jun 2024, the EU imported 8.8 mln t of LNG from Russia, up by +14.8% y-o-y compared to 7.7 mln t in 1H 2023, and an all-time record high. Most of the volumes (8.1 mln t in 1H 2024) arrived from Sebetta Seaport (Yamal LNG).
In Jan-Jun 2023, Russia accounted for 19.4% of the EU’s LNG imports. Qatar is now in third place amongst top suppliers to the EU, with a 10.7% share, shipping 4.8 mln tonnes to the EU in Jan-Jun 2023, -25.2% y-o-y.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
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Showing 21 to 25 news of total 6871 |
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- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Australian Coal Association
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- The University of Queensland
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
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