April 2020 Review of Global LNG Flows

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LNG Market Analysis

Global exports of liquefied natural gas in April totaled approximately 31.5 million tons on board 511 vessels, higher than April 2019’s pace of 30.3 million tons. Approximately 29.8 million tons arrived on 479 vessels at import terminals in April, compared to 30.7 million tons in April 2019.       

The number of floating LNG cargoes remained volatile last month, with the highest number of vessels – some 25 – occurring on April 27.

East Asia took in 15.1 million tons of LNG in April, higher than the 14.3 million tons taken in during April 2019.  For South Asia, the 2.4 million tons imported in April represented a 36 percent decrease from year-ago levels.

The Asia-Pacific region exported about 7.6 million tons of LNG in April, approximately 100,000 tons more than in March and up 7 percent year-on-year. Exports from the Arab Gulf came in at 7.6 million tons, slightly higher than the March pace of 7.5 million tons.

North America exports in April are up 56% on a year-over-year basis to 3.8 million tons, but approximately 800,000 tons lower than in the month prior. Northern Russia loaded 1.7 million tons last month, down by 100,000 tons from March and a jump from the 100,000 tons loaded in April 2019.

The European reloading arbitrage window remained volatile throughout April 2020, with eight out of 14 reloaded cargoes leaving from European terminals.

During April 2020, 22 vessels left from Yamal LNG project in Northern Russia, with five vessels arriving at the port of Zeebrugge and four vessels arriving at the Honningsvag STS point in Norway. Three cargoes left from the Zeebrugge Terminal, Belgium as part of a transshipment of Northern Russian LNG, while seven laden vessels left the Honningsvag STS point.

LNG export terminal utilization based upon ClipperData shipping tracking is listed below:

Below is countrywide LNG import terminal utilization: