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.
|
|
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 ...
|
|
|
Showing 21 to 25 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Planning Commission, India
- Australian Coal Association
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
|
| |
| |
|
