LNG import

China’s LNG Import Surge Despite High Prices

China imported 6.61 million mt of LNG in November, up 31.6% month on month and 1.6% higher year on year on rising domestic demand despite higher prices, according to data released Dec. 26 by the country’s General Administration of Customs, reports S&P Global Platts.

Lower temperatures stimulated higher consumption from household users and demand from industrial users rose due to more orders in the Christmas season, market sources said.

Year-long imports

The average price of LNG imported by China...

https://mfame.guru/chinas-lng-import-surge-despite-high-prices/

Chinese LNG Demand To Rebound! US, Europe Demand Outlook Unclear!

  • Chinese LNG demand is expected to be back strongly while the demand outlook for Europe and the US remains unclear.
  • Woodside’s trading team has begun placing spot production back into China.
  • Pollution levels are high again in China indicating that its industry has got back to work.
  • Chinese LNG imports rose in the first two months of 2020 from a year earlier. 
  • The impact of fall in the oil price so far this year might not be realised until late in the April-June quarter.
  • Woodside has hedged...

http://mfame.guru/chinese-lng-demand-to-rebound-us-europe-demand-outlook-unclear/

LNG Shipping COVID19 Pandemic Precautionary Measures!

The recent coronavirus pandemic has taken a toll on shipping in Europe, especially LNG shipping. And as Italy became the epicenter of the pandemic, COVID19 precautionary measures are issued, says an ICIS published article written by Hal Brown.

Precautionary Measures
  • Italy’s three LNG import terminals at Panigaglia, Rovigo, and Livorno are taking precautionary measures to protect LNG shipping operations against the coronavirus.
  • It is recommended that protective equipment is worn if boarding a...

http://mfame.guru/lng-shipping-in-trouble-as-covid19-pandemic-epicenter-moves-to-europe/

Australian State Speeds Up Second LNG Import Terminal Review

The New South Wales government of Australia has announced that it would set the review of a liquefied natural gas (LNG) import terminal located at Newcastle port, on a fast track status, reports Reuters.

Project will need no approval?

The $430 million Newcastle GasDock LNG project, planned by South Korean firm EPIK, was declared “critical state significant infrastructure”. 

This means the project will not have to go to the state’s independent planning commission for approval, saving several months...

http://mfame.guru/australian-state-speeds-up-second-lng-import-terminal-review/

Scheduled Cargoes Total More Than 7.3 TWh of LNG

Spain will receive six cargoes totalling more than 7.3 TWh (0.65bcm) of LNG this week, while imports of the liquid fuel in September are set to treble year on year, reports Montel News.

The data on the fuel imports was compiled from TSO Enagas.

Cargoes at Barcelona and Reganosa 

This week’s total compares to 5.6 TWh delivered last week from six cargoes, which docked at the Barcelona, Cartagena, Huelva, Bilbao and Reganosa terminals.

Spain was set to see around 26.6 TWh of LNG imports in August,...

http://mfame.guru/scheduled-cargoes-total-more-than-7-3-twh-of-lng/