We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
|
|
|
Showing 81 to 85 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- PTC India Limited - India
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
|
| |
| |
|
