Global LNG exports last month were approximately 27.5 million tons, loaded on 460 vessels, while arrivals totaled approximately 28.6 million tons, discharged by 462 vessels.
LNG deliveries to Northeast Asia dropped versus the prior month, coming in at 15.36 million tons, and were also 6 percent below February 2018 levels. On a month-over-month basis, South Asian imports were higher, at 2.8 million tons. Ship-to-ship transfers at Honningsvag in Norway came in at 1.2 million tons, slightly below the 1.4 million tons seen in January.
Exports from the Asia Pacific region increased by 15 percent year-on-year, but were down 11 percent on the prior month due to lower exports from Gorgon LNG and Bontang LNG projects. Supply from the Middle East supply was up 22 percent year-on-year at 8.20 million tons, while US exports increased by 3.5 percent over the same time-frame. Projects in Northern Russia loaded 1.58 million tons last month:
The list below shows each LNG export terminal’s utilization based upon ClipperData shipping tracking:
We have also produced the utilization rate for LNG import terminals:
India imported 1.7 millions tons via 25 vessels in January. Petronet procured 14 vessels, Reliance accounted for three cargoes, while IOC, GSPC and Gail India accounted for two each. Supply from the Middle East remained high, with West Africa in second place, delivering five cargoes. In term of pricing, there is one cargo which is an outlier at $6.77/MMBtu.
Pakistan imported eight LNG cargoes last month, with three cargoes bought by Pakistan LNG and five cargoes by Pakistan State Oil. All cargoes were booked on long-term contractual prices signed by both companies, with one outlier at $6.67/MMBtu.