Global exports of liquefied natural gas in October totaled approximately 30.8 million tons on board 507 vessels, considerably higher than October 2018’s pace of 27.6 million tons. Approximately 28.1 million tons arrived on 463 vessels at import terminals in October, compared to 26.5 million tons in September 2018. China did not receive any US LNG in September 2019; only two cargoes have left US LNG export terminals this year to discharge in China.
The number of floating LNG cargoes remains elevated, with this number reaching a high of 31 vessels on October 27.
The European reload arbitrage window remained open in the second half of October 2019, with 10 out of 14 cargoes leaving European terminals throughout the month.
Northeast Asia took in 14.9 million tons of LNG in October, a 2 percent decrease from October 2018. For South Asia, the 3.4 million tons imported in October represented a 3 percent increase from year-ago levels. Ship-to-ship transfers at Honningsvag in Norway, commissioned in November 2018, dropped to zero as Yamal Project Arc7 class vessels have been using the Northern Sea Route for Northeast Asian destinations.
The Asia-Pacific region exported about 7.1 million tons of LNG in October, approximately 0.3 million tons higher than in September and up 4 percent year-on-year. Exports from the Middle East came in at 7.6 million tons, lower than the September pace of 7.9 million tons.
US exports in October doubled on a year-over-year basis to 3.3 million tons, approximately 0.3 million tons higher than the volume from September. Northern Russia loaded 1.4 million tons, lower than September, but a jump from the 0.4 million tons loaded in October 2018.
LNG export terminal utilization based upon ClipperData shipping tracking is given below:
Along with country wise LNG import terminal utilization as under: