LNG Market Analysis for MayTags: LNG, LNG exports, LNG imports
LNG Market Analysis
Global export loadings of liquefied natural gas last month totaled approximately 31.3 million tons on board 511 vessels, considerably higher than May 2018’s pace of 24.1 million tons. Approximately 31.2 million tons arrived on 517 vessels at import terminals last month, compared to 24.6 million tons in May 2018.
Northeast Asia took in 14.8 million tons of LNG last month, a 5 percent increase from May 2018. For South Asia, the 3.2 million tons in imports last month represents a 23 percent increase from year-ago levels. Ship-to-ship transfers at Honningsvag in Norway, commissioned only in November, were 1.6 million tons, about 220,000 tons lower than the previous month.
The Asia-Pacific region exported about 6.8 million tons of LNG last month, a 31 percent increase year-on-year, but only slightly lower than the 6.9 million tons delivered in April 2019. Exports from the Middle East came in at 8.0 million tons, an increase from the April pace of 7.3 million tons.
US exports last month increased 50 percent year-on-year to 2.7 million tons, higher than the volume from April. Northern Russia loaded 1.6 million tons, on par from April’s level of 1.6 million tons, but a jump from the 400,000 tons loaded last year – a result of expansion.
LNG export terminal utilization based upon ClipperData shipping tracking is given below:
About The Author
Kaleem looks after LNG analytics product development and analysis. Kaleem has extensive experience in downstream oil & gas with focus on LNG, petrochemical & polymer trade and analytics. He was involved in LNG import infrastructure development in South Asia, with a focus on international trade, LNG origination and gas marketing. Kaleem holds a Master’s degree in Business Administration from the Institute of Business Administration, Karachi, Pakistan. He is a member of the Association of International Petroleum Negotiators.