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LNG Review August 2019

LNG market outlook
Credit / source / authors: Hiroshi Hashimoto, Yosuke Kunimatsu, Gen Hosokawa, IEEJ Introduction The fifth LNG export project in the mainland of the United States and the first with Japanese utility companies' equity participation - Freeport LNG in Texas - started producing LNG in August 2019. The United States exported 16.10 million tonnes of LNG to the global market in the first...

Small will be the new big for the LNG market

By Shefali Shokeen, Senior Research Analyst, Drewry Maritime Research. Low prices, abundant supply and an aggressive shift towards cleaner gas for energy generation are creating strong demand for LNG, not just from large buyers, but also from small importers. Small-scale LNG projects (production and regasification capacity of less than 500,000 tonnes per annum) have reduced capex and are suitable for countries with low...

Pakistan LNG Industry – A Policy Perspective

global-lng-supply
Pakistan has an LNG import infrastructure with capability of handling thirteen vessels per month with load size ranging from 143,000 CBM to 165,000 CBM. If we assume 92% utilization of terminal capacity with almost 35 days for maintenance per year, Pakistan can import approximately twelve vessels per month. Pakistan’s two LNG terminals have the storage capacity of approximately 140,000 tons...

What is driving LNG spot charter rates?

No Fukushima like disasters, demolitions have only been a handful and deliveries have remained strong, yet, LNG spot charter rates have touched the highest mark since the summer of 2012. In this piece, we investigate what is driving the rally of the LNG spot charter market this summer. Despite growing availability of LNG carriers and traditionally low seasonal demand, LNG...

LNG Derivatives Market Maturing

lng-pricing
Cheniere & CME Group are developing a physically settled LNG futures contract, delivering at Sabine Pass. This will add to existing SGX & ICE LNG futures contracts and some bilaterally traded derivatives. Liquidity is embryonic but starting to grow. 4 factors driving growth: Spot liquidity: Derivatives require a liquid spot reference price. This is being facilitated by growth in spot cargo...

European LNG Imports Slump in H1 2018

European net LNG imports in H1 2018 did not sustain the growth momentum which was seen in 2017 (nearly 5% Y-o-Y growth in H1 2017) as total LNG net imports fell by 5% (-1.21 MT YoY) to reach 21.2 MT. This trend was mainly the result of higher re-exports, which went up 1.1 MT YoY, and strong declines in...

Global LNG Trade Continues Strong Momentum Q1 2018

The global LNG trade in Q1 2018 sustained the growth momentum which was seen in 2017 as total LNG net imports grew by 9.6% (+6.89 MT YoY) to reach 78.7 MT. This strong growth was bolstered mainly by China (+4.83 MT YoY) and South Korea (+1.60 MT YoY) in North East Asia as well as India (+ 1.36 MT YoY)...

Next LNG Supply Wave: the 5 Major Players

The current wave of new LNG supply consists of more than 150 mtpa of committed liquefaction projections coming online between 2015 and 2022. But considerable uncertainty remains as to the size, source and timing of the next wave. The authors review the 5 countries likely to dominate the provisions of additional liquefaction capacity to meet LNG supply growth across Asia,...

Asian Spot LNG Prices on the Rise

Asian LNG spot prices
Source: Timera Energy Price levels: Spot prices for delivery in Nth Asia are rapidly rising towards 10 $/mmbtu. This has opened up a 2.5 $/mmbtu gap to TTF (exceeding variable transport costs). China key: Chinese buyers are driving prices higher, given the ongoing policy push to gas, strong industrial demand and building of inventories ahead of winter. Other demand: Competition for spot...

U.S. Gas Exports to China

China is the fastest growing natural gas consumer in the world. In 2016, the first cargo of LNG from the U.S. arrived at China. The Chinese government has initiated projects and campaigns to promote natural gas in replacing coal for factories and residential heating for addressing the main sources of air pollution. In 2017, China’s natural gas consumption increased by 15...

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LNG market outlook

LNG Review August 2019

Credit / source / authors: Hiroshi Hashimoto, Yosuke Kunimatsu, Gen Hosokawa, IEEJ Introduction The fifth LNG export project in the mainland of the United States and the...

Small will be the new big for the LNG market

By Shefali Shokeen, Senior Research Analyst, Drewry Maritime Research. Low prices, abundant supply and an aggressive shift towards cleaner gas for energy generation are creating strong demand...
global-lng-supply

Pakistan LNG Industry – A Policy Perspective

Pakistan has an LNG import infrastructure with capability of handling thirteen vessels per month with load size ranging from 143,000 CBM to 165,000 CBM....