LNG Market Analysis for June

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LNG Market Analysis

Global export loadings of liquefied natural gas in June totaled approximately 30.9 million tons on board 487 vessels, considerably higher than June 2018’s pace of 25.2 million tons. Approximately 30.9 million tons arrived on 490 vessels at import terminals in June, compared to 25.6 million tons in June 2018.

Northeast Asia took in 14.0 million tons of LNG in June, a 3 percent decrease from June 2018.  For South Asia, the 3.1 million tons in imports in June represents a 20 percent increase from year-ago levels. Ship-to-ship transfers at Honningsvag in Norway, commissioned only in November, were 1.0 million tons, about 370,000 tons lower than the previous month.

The Asia-Pacific region exported about 6.5 million tons of LNG in June, a 13 percent increase year-on-year, but only slightly lower than the 6.8 million tons delivered in May 2019. Exports from the Middle East came in at 8.1 million tons, an increase from the May 2019 pace of 8.0 million tons.

US exports last month increased more than doubled year-on-year to 2.7 million tons, on par with the volume from May 2019. Northern Russia loaded 1.5 million tons, lower than May’s level of 1.6 million tons, but a jump from the 0.4 million tons loaded last year – a result of expansion.

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


Along with LNG import terminal utilization as under:

India imported 1.9 million tons of LNG in June, with 30 vessels arriving at different terminals across the country. Petronet procured 14 vessels, while there were six for Gail, four each for GSPC & Reliance, two for Essar Steel, and one each for IOC and Torrent Power. In terms of suppliers, the Middle East was highest, sending 16 cargoes, followed by West Africa with nine.

Pakistan imported 10 cargoes of LNG last month, with six cargoes going to Pakistan State Oil and four going to Pakistan LNG. Price analysis based upon customs data of India and Pakistan is illustrated below: