December Review of Global LNG Flows

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LNG Market Analysis

 

Global exports of liquefied natural gas in December totaled approximately 33.7 million tons on board 550 vessels, considerably higher than December 2018’s pace of 31.3mn tons. Approximately 34.1mn tons arrived on 550 vessels at import terminals in December, compared to 33.0mn tons in December 2018.

The number of floating LNG cargoes remained elevated, with the highest number of 19 vessels recorded December 13.

Northeast Asia took in 19.9mn tons of LNG in December, at par with December 2018.  For South Asia, the 3.0mn tons imported in December represented a 10% increase from year-ago levels.

 

The Asia-Pacific region exported about 7.5mn tons of LNG in December, approximately 0.5mn tons higher than in November and up 5% year-on-year. Exports from the Middle East came in at 8.6mn tons, higher than the November pace of 7.7mn tons.

US exports in December almost doubled on a year-over-year basis to 4.0mn tons, approximately 0.5mn tons higher than the volume from November. Northern Russia loaded 1.6mn tons, lower than November by 0.1mn tons, but a jump from the 1.0mn tons loaded in December 2018.

The European reload arbitrage window remained volatile throughout December, with nine out of 12 reload cargoes leaving from European terminals.

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

Along with country wise LNG import terminal utilization as under: