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    LNG, LPG etc. - Übersichtsthread - 500 Beiträge pro Seite

    eröffnet am 25.02.15 13:30:51 von
    neuester Beitrag 31.08.19 18:10:21 von
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      Avatar
      schrieb am 25.02.15 13:30:51
      Beitrag Nr. 1 ()
      Habe mich in den letzten Monaten -parallel zum Ölpreisrückgang- ziemlich in das Thema reingewühlt und möchte jetzt, nachdem ich bisher den BG Group-company-Thread als Postingplatz "missbraucht" habe, einen eigenen Faden zu unternehmensübergreifenden Punkten aufmachen.

      Kalkül wie früher: es verbessert die Chancen gute Investentscheidungen zu treffen und gemeinsam ist man stärker.



      Grundsatzüberlegung und Scope:

      Die verschiedenen Gase sind ein interessantes Thema, weil

      * die Produktion stark ansteigt w-Fracking & zunehmender Öl/Gas-Mischproduktion
      * über die Verflüssigung werden die Gase transportfähig, womit man Pipelines umgehen kann
      * Gas ist der beste Komplementärbrennstoff zu Renewables
      * Europa sollte sich von Russland unabhängiger machen
      * Die Erzeugung von Gas aus Renewable-Strom könnte sich eines Tages als eine gute oder sogar die beste Speicherungsmöglichkeit erweisen



      Beobachten würde ich gerne die ganze Wertschöpfungskette, von-bis:

      Produktion

      Verflüssigung

      Transport

      Regasification / Speicherung

      bis zum Endverbraucher.


      Würde mich freuen, wenn sich auch andere fürs Thema interessieren.
      Avatar
      schrieb am 25.02.15 14:17:20
      Beitrag Nr. 2 ()
      Einzelwerte
      die ich interessant finde und/oder in unterschiedlichen Mengen im Portfolio habe:


      Gastechnologie/Shipyards
      Thread: GTT - (fast) Monopolist für LNG-Technik
      Thread: Höegh - LNG-Spezialist
      Thread: Technip to release Fourth Quarter and Full Year 2014 results on February 18, 2015
      Thread: Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: The restructuring o (Wärtsilä)
      Thread: Golar neue Chancen durch verstärkte Umwandlung von Gas in LNG
      Thread: Keppel Corporation aus Singapur
      Thread: Sembcorp Marine - Werft aus Singapur

      Terminalprojekte
      Thread: Öl, Erdgas: US-Erdgas bald gratis? Chancen für Value-Investoren! (Cheniere Energy)
      Thread: Cheniere Energy Partners - betreibt Sabine Pass Terminal als MLP
      Thread: Wer ist dabei? (LNG Ltd)

      Pipeline-/Speicherbetreiber
      Thread: Enagas - spanischer LNG-Player
      Thread: Fluxys - belgischer Gasnetzbetreiber
      Thread: Snam - italienischer Gasnetzbetreiber
      Thread: Vopak - Neue Erholungswelle?
      Thread: Spanisches Gas Natural vor milliardenschwerer Übernahme in Chile
      Thread: Buckeye Partner - Tanklager- und Pipelinbetreiber
      Thread: Kinder Morgan Inc. - jetzt auch an der Börse
      Thread: Boardwalk Pipeline Partners - US-MLP

      Gastankerbetreiber LNG (große)
      Thread: Teekay LNG Partners - Flüssiggas MLP
      Thread: Golar LNG Partners LP - LNG-MLP
      Thread: Dynagas LNG Partners L.P. Increases Quarterly Cash Distribution for the Quarter Ended September 30,
      Thread: GasLog Ltd. Reports Financial Results for the Quarter Ended June 30, 2014
      Thread: GasLog Partners LP Reports Financial Results for the Three and Six Month Periods Ended June 30, 2014
      Thread: Höegh LNG Partners
      Thread: Nippon Yusen - Zeit für Schnäppchenjäger

      andere Gas-Schiffe (LPG, kleine LBG, FSRU, etc.)
      Thread: Gastanker
      Thread: BW LPG - aus Norwegen
      Thread: Dorian LPG - ein börsennotiertes Neubauprogramm
      Thread: Navigator Holdings Ltd. Announces Date for the Release of Third Quarter 2014 Results, Conference Cal
      Thread: StealthGas - griechischer LPG-shipper
      Thread: Avance Gas- Gastanker

      Gashandel/-vertrieb & Market Intelligence
      Thread: BG Group verdient wegen geringerer Flüssiggas-Lieferungen weniger
      Thread: Clarkson - Infodienstleister Schiffbranche
      Thread: Brady PLC - Commodity-Software
      Thread: Amerigas - US-MLP steueroptimiert
      Thread: UGI Corp. - Gasflaschenlieferant


      Die Kategorisierungen erheben keinen Anspruch auf Eindeutigkeit, mann kann sicher auch andere wählen.
      Avatar
      schrieb am 25.02.15 14:46:30
      Beitrag Nr. 3 ()
      aus dem Golar-LNG Q4-Bericht:
      The average 4Q rate for

      steam LNG Carriers in the short-term market is estimated to have been around $50,000-$55,000 per day
      and $65,000-$70,000 per day for TFDE vessels.

      Not all short-term deals were concluded on a full round trip basis, but rather included fuel only on ballast legs. Although chartering activity was consistent with that in 3Q, the 4Q market became acutely sensitive to timing and location. In many cases ships lay idle for significant periods with steam vessels managing only to achieve rates in the $30,000 range with limited re-positioning fees. In other cases, charterers experienced a lack of prompt availability of cold and compatible vessels, where some TFDE vessels rates reached $80-90,000 per day range on round trip voyages.


      Es scheint bei den Schiffstypen unterschieden zu werden zwischen
      Steam,
      TFDE und neu
      MEGI (habe ich bisher nur bei Teekay LNG gesehen)
      Avatar
      schrieb am 25.02.15 21:58:44
      Beitrag Nr. 4 ()
      schöner thread, freue mich auf konstuktive konversationen hier. :)
      ich bin der meinung man sollte zum gas auch die brennstoffzellen branche miteinbeziehen.
      Avatar
      schrieb am 27.02.15 10:47:45
      Beitrag Nr. 5 ()
      Drewry: lower oil prices boost LPG shipping earnings
      (von LNG world News)

      LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution, shipping consultancy Drewry said in its LPG Forecaster.

      Low oil prices have not triggered the substitution of LPG as the fuel of industrial use, as feared by some analysts. As a result, LPG shipping demand has remained intact and low bunker prices have supported vessel earnings.

      Drewry expects this trend to continue, as 60% of global consumption is residential whose demand is largely inelastic to oil price change. The remainder is largely consumed by petrochemical production and Drewry estimates that only 20% of the sector’s capacity is capable of switching away from LPG fuel. Historically, LPG consumption has proven remarkably stable in spite of oil price volatility.

      Meanwhile, the fall in oil prices has lowered shipping’s fuel costs which have fed through into time charter equivalent earnings despite weakening freight rates. For example, Drewry estimates that lower fourth quarter bunker costs contributed an 11% boost to LPG TCE earnings for very large gas carriers on the Arabian Gulf-Japan route compared to the previous quarter. Over this period, average freight rates fell 26% to $85 per tonne.

      A similar trend has been witnessed on coastal trades, with North West Europe-East Europe TCE earnings rising 22% over the same period despite lower freight rates.

      “The implication is that LPG shipping has everything to gain from lower oil prices, despite unfounded fears that this may reduce cargo demand and so damage sector earnings,” said Shresth Sharma, senior analyst, gas shipping at Drewry. “While we do not anticipate VLGC freight rates reaching the highs of last year given the large number of vessels lined up for delivery, we expect bunker costs to remain low through 2015 which will help support LPG shipping earnings.”



      Finde ich insoweit interessant, als dass die LPG-shipper derzeit wirklich niedrig bewertet werden. Gestern kam z.B. der Jahresbericht von Avance: KGV2014 ist 7,2...

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      Avatar
      schrieb am 28.02.15 12:26:16
      Beitrag Nr. 6 ()
      Der LPG-Markt scheint bisher unbeeindruckt vom Ölpreis zu sein:
      aus dem Q4-Bericht von BW LPG


      "For this time of the year, Q1 2015 has so far been the historic strongest in terms of growth in the chartering
      market. Supply, demand and infrastructure build-out suggest continued growth in 2015. 2016 sees fleet
      expansion and the rate of export growth will dictate the overall impact on the chartering market, with longerterm
      continuing growth expected. Beyond 2016, the supply"
      Avatar
      schrieb am 05.03.15 08:56:40
      Beitrag Nr. 7 ()
      BG: LNG market entering a period of supply growth
      For the LNG market, 2015 will be marked by increasing volatility as new ‘waves’ of supply start adding volume together with new markets opening up, according to BG Group’s annual Global LNG Market Outlook.

      Andrew Walker, BG Group Vice President of Global LNG, commented: “After four years of flat supply we are entering a period of supply growth. 2014 marked the start-up of a new wave of supply from Australia. This will be joined by the first volumes from the US Gulf of Mexico around the end of 2015. This new supply will be absorbed by continued growth in Asian demand, together with the creation of up to six new markets in 2015, further diversifying the LNG trade and opening up new sales opportunities.”

      Walker said that while good growth in LNG imports into Asia in 2015 is visible, key influences that will affect demand include the rate of return of Japanese nuclear power plants, economic growth rates for China and South Korea, as well as when the new markets begin importing. Over the longer-term BG Group continues to expect LNG trade worldwide to exceed 400 million tonnes per year by 2025, representing an annual growth rate of around 5%, almost twice the rate of expected growth in global gas consumption.

      Although the industry expects five new liquefaction trains and one FLNG production facility to start-up in 2015, Walker noted that “these will be towards the end of the year limiting incremental supply in 2015 to around 7 million tonnes. How the market responds to the growing volumes in 2016 and 2017 will be a key factor to watch. We expect the LNG market to become more volatile over the next few years as it responds to ‘lumpy’ supply and market side additions plus exogenous supply and demand factors.”

      Walker explained that fewer final investment decisions will be taken in 2015 than previously expected, which will mean less LNG is available to the market at the end of the decade. This uncertainty brings into sharper focus the attractiveness of flexible supply portfolios which can respond to changing market dynamics.
      Avatar
      schrieb am 13.03.15 11:00:47
      Beitrag Nr. 8 ()
      Japan: spot LNG price drops to USD 7.6 per mmbtu in February
      The average price of spot-LNG imported into Japan that was contracted in February 2015 was at $7.6 per mmbtu on DES basis, Japan’s Ministry of Economy, Trade and Industry (METI) said in a statement.

      The average price of spot-LNG imported into Japan that arrived in February 2015 fell to $10.7 compared to the January price that averaged $13.9 per mmbtu.

      Only spot LNG cargoes are taken into account in this assessment, excluding short, medium and long-term contract cargoes, as well as those linked to a particular price index.

      Japan imported 87.73 million tonnes of LNG in the fiscal year ended in March, up 1 percent compared to the same period a year ago.
      Avatar
      schrieb am 18.03.15 09:27:14
      Beitrag Nr. 9 ()
      60% Preisrückgang sind schon ein Pfund...:
      Platts: April spot LNG prices to Asia keep dropping


      Prices of spot liquefied natural gas for April delivery to northeast Asia continued their downward slide, falling 59.8% year over year to average $7.279 per million British thermal units, according to the latest Platts Japan/Korea Marker data for month-ahead delivery.

      The figure reflects the daily JKM assessed between February 16 and March 13 expressed as a monthly average.

      The year-over-year drop was largely attributed to weaker-than-expected demand from buyers in northeast Asia, where both electricity generation and utility gas usage are down on fairly mild temperatures over the winter season, and slowing economic growth. The fall followed the record year-over-year plunge of 61.7% seen the previous trading month.

      Month over month, the April JKM dipped a more marginal 2.1%, suggesting that the downward spiral in prices was beginning to lose momentum.

      The JKM had opened the trading month at $6.725/MMBtu on assessment date February 16 before beginning a steady uptick that saw the marker gain 97.5 cents over the period to close at $7.70/MMBtu on assessment date March 13.

      This was the first sustained period of increases for the JKM since the beginning of 2015, although the market remained in backwardation, as demand is expected to slow further with the advent of northern hemisphere spring and warmer temperatures.

      The U.K. National Balancing Point onshore gas market was seen to be providing some support to Asian spot prices, as NBP had been trading at a premium to JKM for the first half of the trading month.

      “This afforded suppliers and traders the opportunity to deliver Atlantic-loading cargoes into the premium European onshore gas markets, while backfilling requirements in the Asian Pacific basin with cheaper spot cargoes,” said Stephanie Wilson, managing editor of Asia LNG at Platts. “This effectively tightened availability of cargoes in the Asian spot market as traders and sellers bought spot cargoes from various liquefaction projects, driving prices higher.”

      At the beginning of the trading month, the NBP had been trading 40 cents above the JKM, but the spread narrowed as NBP prices slipped on warmer temperatures, while JKM trended higher as supply in the Asia Pacific basin tightened. The April JKM ended the trading month 80 cents higher than the NBP.

      The effects of the higher NBP price were also felt in India, where importers looking to secure deliveries into the west of the country were forced to bid above other Asian buyers in order to attract cargoes from the Atlantic and Middle East.

      Meanwhile, the price of possible competing fuel thermal coal decreased 11.5% year over year, while fuel oil was down 42.4% year over year.
      Avatar
      schrieb am 26.03.15 10:33:02
      Beitrag Nr. 10 ()
      PIRA: Asian demand outlook remains weak
      PIRA Energy Group said it believes that the Asian demand outlook remains essentially weak and will not begin to turn around, even in the face of some of the lowest LNG prices in over a year.

      PIRA has pared down its demand growth outlook for the year. More LNG will be coming to Europe in the months ahead, which will backstop production losses in the Netherlands and feed renewed demand for gas in the power sector, now that spot and oil-indexed prices are lower.



      According to PIRA, it is becoming clearer that the demand side of the gas fundamentals equation is becoming stronger, which does not surprise it given that PIRA has been forecasting 7% growth for Europe in 2015 since late last year.

      The next major event to emerge in the gas market will be the beginning of peak maintenance season in Norway. The first major cuts will emerge in the second week of April, which helps to explain the 2-3p/th (€1-1.5/MWh) backwardation with the May contract.

      The maintenance pattern has been set for some time, so no surprises appear to face the market in the weeks ahead, PIRA added.
      Avatar
      schrieb am 09.04.15 11:49:04
      Beitrag Nr. 11 ()
      Moody’s expects more LNG projects to get canceled
      Liquefied natural gas suppliers are curtailing their capital budgets, amid low oil prices and a coming glut of new LNG supply from Australia and the US, Moody’s Investors Service says in its new report.

      Moody’s says low LNG prices will result in the cancellation of the vast majority of the nearly 30 liquefaction projects currently proposed in the US, 18 in western Canada, and four in eastern Canada.

      “The drop in international oil prices relative to US natural gas prices has wiped out the price advantage US LNG projects, reversing the wide differentials of the past four years that led Asian buyers to demand more Henry Hub-linked contracts for their LNG portfolios,” says Moody’s Senior Vice President Mihoko Manabe.

      However, projects already under construction will continue as planned, which will lead to excess liquefaction capacity over the rest of this decade, Moddy’s said in the report. Notably, through 2017, Australia will see new capacity come online from roughly $180 billion in investments, which will result in a 25% increase in global liquefaction capacity. Likewise, the US is poised to become a net LNG exporter after the Sabine Pass liquefaction project goes into service in the fourth quarter of 2015.

      Moody’s expects Cheniere Energy’s Corpus Christi project will be the likeliest project to move forward this year, since it is among the very few projects in advanced development that have secured sufficient commercial or financial backing to begin construction.

      Lower oil prices will result in the deferral or cancellation of most other projects, especially this year. While some companies like Exxon Mobil can afford to be patient and wait several years until markets are more favorable, most other LNG sponsors have far less financial wherewithal, and some may be more eager to capitalize on the billions of dollars of upfront investments they have made already, sooner rather than later.

      Greenfield projects on undeveloped property are much more expensive, involve more construction risk, and take longer to build than brownfield projects, which re-purpose existing LNG regasification sites. Greenfield projects are also frequently challenged by local opposition and occasionally by untested laws and regulations. Based on the public estimates of companies building new LNG liquefaction capacity, the median cost to build a US brownfield project is roughly $800 per ton of capacity, compared with the more advanced Australian greenfield projects, now estimated at around $3,400 per ton.

      Through the end of the decade, Moody’s expects LNG demand will grow more slowly versus supply. China will be the biggest variable and most important driver of global LNG in that timeframe. India will see rapid growth, but not be as big of a player as China. Other more mature LNG markets in Japan, South Korea and Europe, which represent the bulk of demand, will have flat growth.
      Avatar
      schrieb am 17.04.15 10:26:25
      Beitrag Nr. 12 ()
      PIRA: optimization of LNG assets highly important
      NYC-based PIRA Energy Group reports that Asian spot prices in the second quarter are once again buckling under pressure from weak global LNG fundamentals.

      As a result, the need to optimize every aspect of a company’s LNG assets has never been more important. At the essence of the purchase of the BG Group by Royal Dutch/Shell is the desire to achieve such a goal, with the latter rounding out its portfolio with the assets of the former. BG was heading into difficult territory on several fronts due to the collapse of crude prices, and the lack of an end-user market for the massive amount of LNG equity production and contracted supply on its books. On all these fronts, Shell is well positioned to help itself, PIRA writes in its report.

      In the United States, EIA reported a bearish injection of 15 BCF relative to 9-11 BCF general refill expectations. Given the surprise, NYMEX price action was decisively geared to the downside as the contract fell to a new low of ~$2.52 after the release before closing the day at ~$2.53, down ~8¢. The current week’s HH price erosion ahead of last week’s EIA report signaled the market’s earliest physical reality phase. Seasonal heating load losses have begun to underscore the market’s difficult transition to at least partially offset those losses with rising gas-fired EG.

      PIRA believes that Europe’s increasingly decisive role in LNG markets this summer will offer a preview of years to come. The unique aspect that Europe plays in the LNG market is that it is just as important for what it does not buy as for what it does due to the surge in re-exporting LNG. At the moment, European send-out from its wide variety of terminals is well down in April versus March for reasons that are not entirely clear. With Norwegian field and processor maintenance starting to shut down and last over the next two weeks, PIRA expects a strong turnaround in LNG flows that will take volumes back near March levels of around 150-mmcm/d.
      Avatar
      schrieb am 28.04.15 12:23:50
      Beitrag Nr. 13 ()
      EIA: FSRU’s prefered choice of smaller LNG markets


      Floating regasification is a flexible, cost-effective way to receive and process shipments of liquefied natural gas.

      Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built. Of four countries planning to begin importing LNG in 2015, three of them—Pakistan, Jordan, and Egypt—have chosen to do so using floating regasification rather than building full-scale onshore regasification facilities, U.S. Energy Information Administration said in a report.

      Floating regasification involves the use of a specialized vessel called a floating storage and regasification unit, which is capable of transporting, storing, and regasifying LNG onboard. Floating regasification also requires either an offshore terminal, which typically includes a buoy and connecting undersea pipelines to transport regasified LNG to shore, or an onshore dockside receiving terminal. An FSRU can be purpose-built or be converted from a conventional LNG vessel.

      Floating regasification offers a flexible, cost-effective solution for smaller or seasonal markets, and can be developed in less time than an onshore facility of comparable size. It can also serve as a temporary solution while permanent onshore facilities are constructed, and an FSRU can be redeployed elsewhere once construction is completed. There are currently 16 FSRUs functioning as both transportation and regasification vessels and 5 permanently moored regasification units that have been converted into FSRUs from conventional LNG vessels.




      The use of floating regasification has grown rapidly in recent years, particularly in emerging markets facing short-term supply shortages. Floating regasification was first deployed in the U.S. Gulf of Mexico in 2005 and, since its deployment, it has been used in nine other countries: Argentina, Brazil, China, Indonesia, Israel, Italy, Kuwait, Lithuania, and the United Arab Emirates. Floating regasification capacity totaled 7.8 billion cubic feet per day at the end of 2014, representing 8% of the global installed regasification capacity, according to data from the International Gas Union. The three floating terminals that are scheduled to come online in 2015 will add 1.4 Bcf/d of new capacity.

      Pakistan received its first LNG import cargo on March 27, 2015 after completing the development of receiving infrastructure for an offshore regasification terminal (0.3 Bcf/d capacity) located near Port Qasim, Karachi, which will be served by an FSRU.

      Egypt, a traditional natural gas exporter, has formerly supplied natural gas to international buyers by both pipeline and through two LNG export terminals. Faced with domestic supply shortages because of rapid growth in natural gas consumption for power generation, Egypt suspended exports and scheduled all natural gas production for domestic consumption. Egypt began building infrastructure for an offshore regasification terminal in 2012, and recently contracted an FSRU. The terminal (0.5 Bcf/d capacity) received its first LNG cargo in early April.

      Jordan lacks domestic energy reserves and has struggled to meet rapidly growing domestic natural gas demand after Egypt suspended pipeline exports to the country. Floating regasification became the only short-term option for natural gas supply, and Jordan has made significant progress in building regasification infrastructure since 2013. Jordan has secured an FSRU vessel that will be located offshore Aqaba, in the Red Sea, and the regasification terminal (0.5 Bcf/d capacity) is scheduled to come online in May 2015.

      Uruguay is building infrastructure for an offshore regasification terminal (0.4 Bcf/d capacity) located near Montevideo to supply its domestic market and to potentially provide natural gas for export by pipeline to Argentina. Originally planned to come online in mid-2015, the regasification terminal has been delayed until 2016.

      Four more floating regasification terminals totaling 1.3 Bcf/d are currently being developed in India, the Dominican Republic, Colombia, and the Philippines, with expected online dates in 2016-17. Floating regasification is likely to remain a preferred technology option for emerging markets because of its flexible deployment capabilities, smaller capacities, quick start-up, and relatively low costs compared with those of onshore terminals.
      Avatar
      schrieb am 11.05.15 09:54:31
      Beitrag Nr. 14 ()
      NBP ist der britische Benchmark-Preis
      Avatar
      schrieb am 29.05.15 10:11:43
      Beitrag Nr. 15 ()
      Bits aus dem Golar LNG Quartalsbericht:
      .
      Bermuda-based Golar LNG said the market for chartering of LNG shipping has remained weak for the first half of 2015.

      With close to 40 LNG carriers currently idle it will take some time to see a full recovery, Golar LNG said in its first quarter report on Wednesday.

      ...

      According to Golar LNG, the first signs of an improved chartering environment, albeit from a very low base, are starting to become evident as new LNG production capacity is prepared for start-up and new markets for receiving LNG in Pakistan, Jordan and Egypt have started to receive their first cargoes.

      ...

      In contrast to the market for LNG carriers, the level of enquiry and interest for FSRU’s is the strongest it has been for some time. The company is therefore very optimistic that the FSRU Tundra will be contracted on terms that make it a suitable near-mid-term dropdown candidate to Golar Partners, it said in the report.
      Avatar
      schrieb am 05.06.15 07:21:13
      Beitrag Nr. 16 ()
      IEA: gas demand growth to fall short of forecasts
      Lower prices will feed a pick-up in global natural gas demand over the next five years following a marked slowdown in 2013 and 2014, the International Energy Agency said in its 2015 Medium-Term Gas Market report.

      Nevertheless, the growth in demand will fall short of previous forecasts, IEA said.

      The report sees global demand rising by 2% per year by the end of the forecast period, compared with 2.3% projected in last year’s outlook. A significant reason for the downward revision is weaker gas demand in Asia, where persistently high gas prices until very recently caused consumers to switch to other options.

      “One of the key – and largely unexpected – developments of 2014 was weak Asian demand,” said IEA Executive Director Maria van der Hoeven. “Indeed, the belief that Asia will take whatever quantity of gas at whatever price is no longer a given. The experience of the past two years has opened the gas industry’s eyes to a harsh reality: in a world of very cheap coal and falling costs for renewables, it was difficult for gas to compete.

      Asian gas prices are indexed, or linked, to those for oil. For several years, as oil prices hovered over USD 100/barrel, that meant Asian consumers were paying a hefty premium for their gas compared with buyers in other parts of the world. The rout in oil prices that began in mid-2014 has spilled over to natural gas markets in Asia and allowed the Asian premium to narrow substantially. But demand for gas in Asia may not recover as quickly as the drop in prices.

      In the short term, gas demand will benefit from plunging prices, but the report adds that the long-term outlook for gas has become more uncertain – especially in Asia. A few Asian countries have decided to move ahead with plans to expand coal-fired power generation instead of gas-fired generation. “For the fuel to make sustained inroads in the energy mix, confidence in its long-term competitiveness must increase,” the report says.

      On the supply side, the report notes that lower oil prices will have a major impact on gas upstream and infrastructure investment. Companies are cutting capital expenditures and refocusing on core assets with fast returns, which will unavoidably lead to slower production growth over the medium term. Due to their capital-intensive nature and long lead times, liquefied natural gas projects are soft targets for investment reductions and several of them are likely to be delayed or even cancelled. If current low prices persist, LNG markets could start tightening substantially by 2020, with demand gradually absorbing the large supply upswing expected over the next three years.

      In the short term, gas markets will need to cope with a flood of new LNG supplies. The report projects global LNG export capacity to increase by more than 40% by 2020, with 90% of the additions coming from Australia and the United States. Lower oil prices pose little risk to the timing of projects already under construction. The Australian projects are at an advanced stage of development, while project’s operators in the United States have limited price exposure once deals have been signed. New projects, however, will struggle to get off the ground at current prices.

      As LNG supplies surge over the next five years, Europe is set to offer an important outlet. The report projects that the region’s LNG imports will roughly double between 2014 and 2020. Despite the foreseen increase in LNG intakes, the report does not anticipate a meaningful reduction in European imports from Russia, which will remain locked in a 150-160 bcm range. In OECD-Europe, domestic gas production is projected to continue to fall and to stand 25% below its 2010 level by 2020. Compounding the declining trend in production is a moderate recovery in demand. As a result, European gas import requirements are set to increase by almost one-third between 2014 and 2020.
      Avatar
      schrieb am 17.06.15 10:35:54
      Beitrag Nr. 17 ()
      Platts: July spot LNG prices to Asia plummet
      Prices of spot liquefied natural gas for July delivery to Asia averaged $7.600 per million British thermal units, according to the latest Platts Japan/Korea Marker data for month-ahead delivery.

      The figure reflects the daily Platts JKM assessed between May 18 and June 15 expressed as a monthly average.

      The marker, which gained 6.7% month over month, started the assessment period at $7.750/MMBtu, but weakened over the course of the month to be assessed at $7.300/MMBtu on June 15, even as Asian power utilities entered the traditionally high-demand summer season, when electricity generators have to cope with increased air conditioning use in the northern hemisphere. However, this was 41.3% lower than the same period last year.

      “The July market started off very strongly due to production issues at Australia’s Northwest Shelf project that resulted in some sellers raising offers quite aggressively,” said Max Gostelow, Platts pricing analyst for Asia LNG. “However, the expected demand spike never did materialize, and it quickly became apparent that supply in the region still far outstripped demand, with projects in Malaysia, Indonesia, Papua New Guinea, Russia, and even Australia’s Darwin project, having surplus cargoes.”

      While buyers in Taiwan and Japan entered the spot market to buy several cargoes, most of the demand for July delivery was focused on India, which was the premium market in the Asia Pacific basin. However, by the end of the month, Indian prices had fallen to $7.300/MMBtu, the same price as the JKM, on slower demand due to India’s monsoon season, and declining prices in competing markets –such as the UK onshore National Balancing Point gas market. This marked the end of a recent trend that saw Indian prices consistently above the JKM since April 13.

      Meanwhile, the price of possible competing fuel thermal coal was up 0.8% on a month-over-month basis, while fuel oil was down 0.6% month over month during the May 18 to June 15 assessment period.
      Avatar
      schrieb am 19.06.15 11:11:07
      Beitrag Nr. 18 ()
      Teekay: 2015 short-term LNG charter rates weak
      Short-term charter rates for LNG vessels are likely to remain weak for much of this year, but this is forecasted to be the bottom of the market.

      Talking about LNG trade, Teekay’s Research Projects Manager, Nicholas Schneider said that global LNG import growth has been moderate.

      Global LNG imports increased 1% in 2014 to 239 million tonnes. During Q1-2015, global LNG imports were 2.4% higher than during the same quarter last year. Europe, Japan and Taiwan saw the largest increase in year-over-year LNG imports in Q1-2015, mostly due to lower LNG prices and new LNG supply in the Pacific region. However, increases in Europe and parts of Asia were largely offset by declines in South Korea and China. Mild winter weather across Asia resulted in high LNG inventories, reducing import demand, Schneider said in the first quarter LNG market update.

      Teekay 2015 LNG short-term charter rates week, chart World LNG Fleet



      The LNG carrier fleet now consists of 384 vessels and 137 newbuildings on order, not including regas vessels and small LNG carriers. Contracting for newbuild LNG vessels has slowed in 2015. After an all-time high of 63 orders in 2014, there have been only 10 orders to date in 2015. The LNG fleet increased by 9% in 2014 in terms of total cubic meter capacity, and another 2% in Q1-2015. There has been a significant increase in the number of vessels available on the spot / short-term market in Q1-2015. According to Fearnley, roughly 50 vessels were available as of May 2015, significantly more than the 10 – 20 vessels typically available throughout 2014. The increase in the number of vessels available on the spot market was due to new LNG vessel deliveries, project outages, and less long-haul arbitrage trade to Asia, Teekay said in the report.

      LNG Charter Rates

      Short-term charter rates declined in 2014, and have decreased further in Q1-2015 due to the increase in vessels available on the spot market. As of May 2015, short-term rates for modern vessels were roughly $30,000 per day, according to Clarksons.

      Charter rates graph


      Outlook

      Schneider said the company expects short-term charter rates to remain weak throughout most of 2015. However, vessel utilization should improve towards year-end. The ongoing ramp-up of volumes from QC LNG in Australia, which shipped its first cargo in December 2014, along with the startup of four new exporting projects in the second half of 2015 will increase LNG trade.

      Teekay’s long-term forecast to 2020 is largely unchanged from last quarter. Over 120 MTPA of new export capacity has reached a final investment decision (FID) and is in various stages of construction. In addition, despite lower LNG prices, new US projects continue to advance. Overall, Teekay expect vessel utilization to improve from 2016 onwards, Schneider said.

      Avatar
      schrieb am 10.07.15 14:26:44
      Beitrag Nr. 19 ()
      Study reveals surplus of future LNG projects
      A new global gas study published by the London-based Carbon Tracker Initiative, identifies $283 billion of possible liquefied natural gas projects to 2025 that are likely to be surplus to requirements in a low demand scenario.

      A transition to a low carbon economy indicates there is some room for gas demand growth to 2040, unlike coal and oil use that must peak and decline. But if the world is to stay within a carbon budget that limits global warming to the 2⁰C U.N. target, energy companies will need to be selective over which gas projects they develop. This is also the case in a low demand scenario.

      The study finds that over the next ten years $82 billion of potential capex in LNG plants will not be needed in Canada, $71 billion in the United States and $68 billion in Australia in the lower demand scenario. The value of unneeded LNG projects rises to $379 billion by 2035, according to the study.

      “Investors should scrutinise the true potential for growth of LNG businesses over the next decade. The current oversupply of LNG means there is already a pipeline of projects waiting to come on stream. It is not clear whether these will be needed and generate value for shareholders,” said James Leaton, Carbon Tracker’s head of research.

      The analysis, which completes the think-tank’s series of Carbon Supply Cost Curves, follows a similar approach to the oil and coal studies published in 2014 that identify high-carbon, high-cost projects for investors. It finds that new projects that rely on an LNG price of more than $10/mmBtu may not be needed over the next decade.

      Shell’s agreed $70 billion takeover of BG will combine two companies with significant LNG projects over the next decade, making it by far the biggest player in the market. Shell has disclosed that it assumed oil prices will recover to $90 per barrel in making the offer, which translates to an oil-linked LNG price of $14-15/mmBtu based on typical contract pricing formulae. The analysis suggests that $85 billion of Shell’s and BG’s potential future LNG project options may not be needed under a low demand scenario to 2035.

      The study finds that 16 of the world’s 20 biggest LNG companies are considering future major projects that are unlikely to be needed to meet demand to 2025. Only three, Eni, Cheniere and Noble, have additional projects that are needed to meet demand to 2025. The remaining company, Total, is not modelled as developing any new LNG projects over the course of the next decade beyond those already operational or under construction.

      “The size of the gas industry in North America could fall short of industry projections – especially those expecting new LNG industries in the U.S. and Canada. Avoiding the combination of U.S. shale gas being exported as LNG will be important if we are to use the carbon budget most efficiently,” said Andrew Grant, lead analyst at Carbon Tracker and co-author of the report.

      Gas has been perceived as the cleanest fossil fuel and huge investment has poured into developing new gas supplies. But there is a limit to the amount of gas that will be needed in a world committed to a 2⁰C limit, especially as there is currently a glut of LNG, and the cheapest sources are likely to be used first. The study analyses projects that companies are considering but have not yet made final investment decisions on.

      “Natural gas is complex when seen in the context of a climate-constrained world. It can deliver better outcomes than coal, but gas must continue to work on reducing its fugitive emissions and there is a possibility that if it reaches too large a share of the energy mix then in the longer run this could still be incompatible with a 2⁰C outcome,” said Mark Fulton advisor to Carbon Tracker and a co-author of the report.

      The study indicates that there is a perfect storm of factors in play to cause a rapid transition to a low-carbon energy system. Cheaper renewables, stronger energy efficiency measures, new storage technologies, higher carbon prices and fluctuating energy prices will all influence global gas demand. As renewables costs come down, some regions are likely to leapfrog over gas straight to renewables.

      Recent calls from the European oil and gas industry for a global carbon price show the industry is under pressure to demonstrate its role in a low carbon future. Natural gas production results in the leak of methane, a highly potent greenhouse gas. These “fugitive emissions” must be kept below 3% for gas to maintain its climate benefit over coal, so minimising them should be a high priority for the industry.

      “Fugitive emissions are on the run in the U.S. – regulators, investors and industry leaders are all out to ensure gas can demonstrate it has a climate advantage over coal,” said Anthony Hobley, CEO of Carbon Tracker.

      The paper shows that the highest greenhouse gas emissions are caused by unconventional gas supplied via LNG infrastructure. Fortunately, however, it finds that only around 17% of LNG fed by North American Shale gas or Australian coal-bed methane is needed in a low demand scenario.

      Over half of the unneeded LNG capex analysed relates to unconventional gas projects — like shale, tight gas and coal bed methane — in the United States and Canada. Foregoing this supply will limit future greenhouse gas emissions according to the study.

      Carbon Tracker’s analysis breaks down demand growth into three main markets: North America, Europe and global LNG, which combined represent half of the global gas market; the remainder is largely produced and consumed domestically and therefore does not interact with the globally traded gas markets referenced. There is little evidence from the project economics that Europe could repeat the US shale boom.

      “The economics shows UK unconventional supply will struggle to compete in the gas market over the next decade, and shale gas could only contribute a tiny volume if projects do go ahead,” concluded Andrew Grant.
      Avatar
      schrieb am 10.07.15 14:27:53
      Beitrag Nr. 20 ()
      PIRA: US LNG exports to mark new era
      NYC-based PIRA Energy Group believes that the U.S. as LNG supplier on a large scale is the new era in the global gas industry.

      An initial Asian spot deal for $7.20/MMBtu sourced from Australia is actually a harbinger of a new era in global gas: that of the U.S. as LNG supplier on a large scale. It also strongly suggests that some good deals are available in Australia on FOB cargos to keep the trains operating at a higher capacity, PIRA said in its weekly report.

      In the United States, the release of the EIA’s April Monthly came with a wealth of new supply data as the agency expanded coverage to include monthly production statistics from 10 additional states. The data were retroactive through the first quarter of 2015.

      The third quarter is, by far and away, the lowest period for gas demand during the calendar year in Europe, says PIRA.

      While the year-on-year growth in gas demand seen in the first half of the year will continue in the third quarter, the volume of growth in absolute terms will be so small as to be hardly noticeable in the gas balances. The third quarter is often useful for understanding the outlook for underlying gas demand growth, as the role of weather is severely diminished in most cases.

      The recent heat wave will offer some support to gas demand, as it has already been seen in France, but the focus is on 3Q as a period when more about underlying gas demand in sectors such as industry is revealed.

      The conclusion is that some recovery is occurring in places like Spain and the U.K., but efficiency gains in gas consumption and renewables substitution in emerging lower carbon markets continue to stymie growth in most other places.
      Avatar
      schrieb am 24.07.15 09:17:40
      Beitrag Nr. 21 ()
      Platts: August LNG spot prices to Asia slide
      Prices of spot liquefied natural gas for August delivery to Asia averaged $7.395 per million British thermal units, according to latest Platts Japan/Korea Marker data for month-ahead delivery.

      The marker slid 2.7% month over month, with demand from end-users in northeast Asia extremely slow, despite the fact that August is traditionally the peak month of the summer buying season due to increased power generation.

      “A slew of supply tenders from liquefaction projects in Asia largely capped the potential gains on the JKM early in the month,” said Platts’ Stephanie Wilson. “But traders and suppliers with short positions absorbed the bulk of these volumes.”

      The August JKM opened the trading month at $7.20/MMBtu, the lowest level seen for August since 2010, before making the bulk of its 50 cent gain in the second half of the assessment period. This was largely driven by interest to either optimize or backfill short positions from traders and suppliers. This pushed the marker to close at $7.70.

      This is the sixth consecutive month that JKM prices have been range bound between $7-8/MMBtu since declining from the $9-10/MMBtu level seen over January and February delivery.

      Year over year, the JKM was down 34.9%, the slowest decline of 2015 so far, with August 2014 average prices at $11.365/MMBtu.

      “New and existing buyers with emerging demand requirements in the Atlantic basin once again created opportunities for portfolio sellers and traders looking to optimize their deliveries by the end of the month, which pushed bids for the last few remaining cargoes higher,” said Wilson

      Prices struggled to move beyond the $7.70/MMBtu mark in northeast Asia, however, as recent declines in the crude oil markets also provided a natural ceiling to prices.

      Meanwhile, the price of possible competing fuel thermal coal also decreased 21.2% year over year, while fuel oil was also down 44.7% from the same month in 2014 as crude oil rebounded.
      Avatar
      schrieb am 18.08.15 13:56:58
      Beitrag Nr. 22 ()
      interessante Entwicklung:
      3 "kleinere" legen zusammen und treten damit z.B. gegen Teekay LNG an;

      frage mich allerdings, wie das zu den jeweiligen Tochter-MLPs passt?

      oder sind die genannten Schiffe schon die der MLPs?


      Published: 13:01 CEST 18-08-2015 /GlobeNewswire /Source: Golar LNG / : GOL /ISIN: BMG9456A1009

      Dynagas Ltd., GasLog Ltd. and Golar LNG Ltd. have entered into an agreement to establish and operate an LNG Carrier Pool

      Monaco - August 18, 2015 - Dynagas Ltd. ("Dynagas"), GasLog Ltd. ("GasLog", NYSE: GLOG) and Golar LNG Ltd ("Golar", NASDAQ: GLNG) today jointly announce that they have entered into an LNG carrier pooling agreement (the "LNG Carrier Pool") to market their vessels, which are currently operating in the LNG shipping spot market.

      The LNG Carrier Pool allows the participating owners to optimise the operation of the pool vessels through improved scheduling ability, cost efficiencies and common marketing. The objective of the LNG Carrier Pool is to serve the transportation requirements of a rapidly growing LNG shipping market by providing customers with reliable, more flexible, and innovative solutions to meet their increasingly complex shipping requirements.

      The LNG Carrier Pool - to be named "The Cool Pool" - will initially consist of 14 modern, high quality and essentially equivalent vessels powered by fuel efficient Tri Fuel Diesel Electric ("TFDE") propulsion technology. The three owners' initial vessels eligible for contribution to The Cool Pool will be as follows: Dynagas: 3 vessels; Gaslog: 3 vessels; and Golar: 8 vessels. Each vessel owner will continue to be fully responsible for the manning and technical management of their respective vessels.

      Tony Lauritzen has agreed to take overall responsibility for the running of The Cool Pool and Morten Nielsen has been appointed as Pool Manager, with the mandate to schedule employment for each pool vessel. The Cool Pool will focus exclusively on charters of 12 months duration or less. The scheduling of employment opportunities in excess of 12 months will remain the mandate of the respective vessel owner. If a pool vessel is scheduled by an owner for a charter that exceeds 12 months in duration such vessel will cease to form part of the LNG Carrier Pool's fleet.

      All three owners have expressed enthusiasm for the benefits the pool is anticipated to deliver to charterers and participants alike. The LNG Carrier Pool provides the opportunity to deliver benefits, including COAs and other contract forms not previously executed in LNG shipping. Importantly all three vessel owners are experienced LNG Carrier operators with substantial track records offering potential charterers the best available level of safe and reliable ship management.

      It is anticipated that The Cool Pool will commence operation in September 2015.
      Avatar
      schrieb am 19.08.15 07:36:01
      Beitrag Nr. 23 ()
      Clarksons: more newbuilds needed to cover LNG demand
      Shipping services group Clarksons said that the current order book for LNG tankers will need to be added to significantly to keep pace with demand.

      The London-based company revealed in its half-year results report on Monday that it expects LNG trade to grow at around 5% CAGR through to 2025. This will add an additional 160 million tonnes of new demand.

      “We must await the new waves of supply coming between 2017-2019 as a catalyst for a more bullish sentiment from the owning community,” Clarksons said.

      The increase in volume over the next ten years means that the current order book for LNG vessels will need to be added to significantly.

      According to Clarksons, the first six months of this year saw rates for the most modern LNG vessels slip from US$72,000 per day in 2014 to a disappointing US$41,000 per day average so far this year.

      The older steam turbine vessels suffered equal pain sliding from US$49,000 per day down to US$29,000 per day, the company added.
      Avatar
      schrieb am 10.09.15 12:05:08
      Beitrag Nr. 24 ()
      zum ersten Mal seit Langem ein Anstieg:
      Japan’s spot LNG price climbs in August

      Japan’s price of spot liquefied natural gas contracted in August averaged US$8.1 per mmBtu on DES basis, up from US$7.9 per mmBtu in July, according to the Ministry of Economy, Trade and Industry (METI).

      The average price of spot LNG imported into Japan that arrived in August 2015 was at US$7.7 per mmBtu, the data shows.

      Only spot LNG cargoes are taken into account in this assessments, excluding short, medium and long-term contract cargoes, as well as those linked to a particular price index.
      Avatar
      schrieb am 09.10.15 21:14:27
      Beitrag Nr. 25 ()
      EIA:
      The monthly natural gas share of total U.S. electricity generation surpassed the coal share in July for the second time ever, with natural gas fueling 35% of total generation to coal’s 34.9% share, the U.S. EIA said in a report.

      Compared to the previous July, coal-fired generation fell in every region of the country, while natural gas-fired generation rose in every region.

      Earlier this year, natural gas-fired generation surpassed generation from coal for the first time. This switch occurred in April, generally the month with the lowest demand for electricity. In times of low electricity demand, many generators schedule routine maintenance, and utilization rates for generating plants are low. As demand increases during the summer, output from both coal- and natural gas-fired generators increases.

      Total electricity demand, excluding demand met by distributed (largely renewable) sources, increased from 384 billion kilowatthours (kWh) in July 2014 to 398 billion kWh in July 2015. Coal-fired generation fell from 150 billion kWh to 139 billion kWh, while natural gas-fired generation rose from 114 billion kWh to 140 billion kWh. This decrease in coal and increase in natural gas occurred in every region of the country: the Mid-Atlantic region had the largest decline in coal-fired generation, followed by Texas, while the Southeast and Central regions had the largest increases in natural gas-fired generation.

      Natural gas prices continue to be relatively low. The monthly average price at Henry Hub, a natural gas benchmark, declined from $4.14 per million Btu (MMBtu) in July 2014 to $2.91/MMBtu in July 2015, and it has since fallen to $2.72/MMBtu in September. The average price of wholesale natural gas in New York City during July ($2.06/MMBtu) was below the average wholesale price of Central Appalachian coal ($2.31/MMBtu), even before accounting for differences in fuel conversion efficiencies between coal- and natural gas-fired generators. Prior to this year, the last time electricity generation from natural gas came close to surpassing coal-fired generation was April 2012, when monthly average spot prices for natural gas were near $2.00/MMBtu. Power generation shares for coal and natural gas diverged as natural gas spot prices rose to about $3.50/MMBtu by the end of 2012.

      Electricity generation dispatch decisions, especially between coal and natural gas, are complex. The ultimate level of generation reflects delivered costs, emission costs (where applicable), heat rates, supply availability, and other factors in fuel markets.
      Avatar
      schrieb am 23.10.15 09:34:17
      Beitrag Nr. 26 ()
      DW: global LNG Capex to rise in 2016-2020, focus on liquefaction projects
      Douglas-Westwood forecasts capital expenditure on global LNG facilities will total $241 billion between 2016 and 2020, rising 34 percent compared to the preceding five-year period.

      DW’s Hannah Lewendon, said, “Capex on LNG facilities has risen substantially in recent years, due mainly to the growth in the global economy which has been driving demand for natural gas. By far the largest proportion of the total expenditure will be attributed to liquefaction projects. Global expenditure in this segment is forecast to total $160 billion over the next five years.”

      The consultancy puts the focus shift down to a weakened demand growth in Asia and the oil price slump as well as the pause in commitments to new LNG projects. Spending on LNG carriers is expected to account for 12 percent of the total expenditure, mostly attributed to Asia.

      “The Australasian LNG construction boom looks to be coming to an end as the country prepares to enter a new production phase. Massive investments in large LNG projects will result in seven new LNG plants becoming operational over the next few years. With commodity prices depressed, future LNG projects are uncertain, as those which are currently in Front End Engineering Design (FEED) are struggling to make economic sense in the low price environment,” added Mark Adeosun of Douglas-Westwood.

      Adeosun also noted that the slow approval process for onshore projects in the United States limits the growth rate of LNG expenditure in the region over 2016-2020.

      DW predicts that only six LNG export terminals will be built during this period out of 11 planned. In total, there are 20 us LNG export projects proposed for the future.

      Still, DW expects that North America will play a significant role in the market by the end of the forecast period.
      Avatar
      schrieb am 27.10.15 12:55:49
      Beitrag Nr. 27 ()
      Singapore plans to establish domestic gas trading market
      Singapore is aiming to establish a domestic gas trading market as it looks to become the centre of LNG trading in Asia.

      “To enhance the trading environment, we plan to establish a Secondary Gas Trading Market (SGTM) in Singapore, where gas buyers and sellers can trade gas on a short-term basis domestically,” S. Iswaran, Minister for Trade and Industry, said on Monday at the opening of Singapore’s International Energy Week (SIEW).

      “An SGTM can yield several potential benefits. First, it will allow domestic gas price discovery that reflects Singapore’s demand and supply conditions. Second, gas users will be able to complement their portfolio of long and medium-term gas supplies with short-term supplies, so that they can optimise their gas supply portfolios and mitigate price volatility,” Iswaran said.

      According to Iswaran, such a market will enhance Singapore’s position as a hub for LNG and gas trading activities and pave the way for the potential establishment of a gas futures market.

      The Energy Market Authority will take steps to systematically develop the market, following reviews of gas trading in other jurisdictions such as Belgium, the Netherlands and the UK, he said.

      “EMA will issue a consultation paper today to seek industry feedback on a proposed market design and implementation roadmap, as well as on the establishment of an industry working group to deliberate on the details for implementing an SGTM in Singapore,” he added.
      Avatar
      schrieb am 28.10.15 09:43:49
      Beitrag Nr. 28 ()
      WoodMac: new supply to test spot LNG price floor
      With 130 mtpa of additional LNG supply set to reach the market over the next five years new local floors for spot prices will be tested, unlocking new demand and curtailing supply, with global pricing implications, according to Wood Mackenzie.

      Noel Tomnay of Wood Mackenzie says, “The last LNG oversupply between 2008-10 came about when Qatar ramped up its LNG output and the market had to absorb 50 mmtpa of new LNG, at a time when demand growth had slowed. As a result, gas spot prices in Europe traded under US$4 per million British Thermal Unit through the summer of 2009 and with no market in Asia, those prices were still enough to attract LNG cargoes to Europe, including from Australia.”

      The LNG market is facing another oversupply which is likely to be deeper and will persist for some years. Prices in Asia will be lower than in Europe, and at their worst, between 2017-19, while prices in Europe will not reach a low point until 2020.

      “The key question the industry is wrestling with is: how low will prices go?” Tomnay asks.

      Wood Mackenzie asserts in a report that China’s market policies will be key. While more new LNG markets will emerge with lower gas prices, particularly if oil prices climb, more liberalised market conditions in China could enable it to absorb a lot more LNG, mitigating the impact of the LNG oversupply on price. This includes improved regasification infrastructure access, reductions in regulated gas prices and allowing the curtailment of high-cost indigenous gas.

      Tomnay elaborates, “It is likely that output from some high-cost gas will be curtailed but protectionist measures will restrict China’s willingness to fully replace indigenous gas with lower-priced LNG, dampening the potential supply response.”

      New demand for gas and LNG could be created through the displacement of coal in power generation, WoodMac says. The gas price at which coal will be displaced, a soft floor for gas prices, will be determined, in part, by the price of coal.

      “Assuming higher ARA coal prices in Europe of US$70/tonne and Japanese coal prices of US$80/t (CFR), a floor price for gas in Europe and Asia should be maintained at prices above US$5.00/mmbtu. This should be sufficiently high to avoid US LNG being shut-in,” Tomnay explains.

      However, lower coal prices, possibly a consequence of reduced demand through displacement by gas, risks pulling both gas and coal prices down further Wood Mackenzie says.

      At prevailing ARA coal prices of US$50/t and Japanese coal prices of US$60/t CFR, a floor price for gas in Europe and Asia could go down to prices at which many US LNG exports fail to cover cash costs, around US$4/mmbtu. This would force US LNG exporters to consider shutting-in for periods, a move which would depress US gas prices,” Tomnay adds.

      Tomnay also explains why the behaviour of major suppliers, most notably Russia, will be key.

      “We could see major suppliers withdraw gas from the market, thereby supporting LNG spot prices. It was Gazprom’s withdrawal of 20 bcm per annum of pipe gas from Europe between 2008-10, equivalent to 15 mmtpa of LNG, that prevented spot prices from remaining low,” Tomnay says.

      He concludes that at periods of severe oversupply, Russian gas supply behaviour will again be key to gas price formation in Europe – and this time in Asia and even the US too.
      Avatar
      schrieb am 02.11.15 09:32:54
      Beitrag Nr. 29 ()
      Drewry: European LNG demand growth will not raise freight rates
      LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet, shipping consultancy Drewry said in a report.

      Shipowners are now pinning hopes on a revival in European demand. However, European LNG demand growth will not be sufficient to raise freight rates, according to Drewry.

      Until the recent fall in oil prices, Asian LNG prices were at a premium compared to piped gas prices in Europe. European traders therefore preferred to re-export cargoes to more profitable Asian markets.

      Drewry’s report says this helped to create substantial shipping demand as vessels found employment on both legs of the trade, first in import and then in re-export.


      However, as Asian demand has weakened the price differential between Asian LNG and European piped gas has eroded, which has hit re-exports from Europe. Spain, the biggest re-exporter from Europe, shipped 1.3 million tonnes of LNG during the first eight months of the current year, down 40% over the same period last year-

      But can Europe be the game changer? The recent fall in oil prices has made LNG competitive compared with piped gas, which has the potential to create more demand for LNG in European countries as they seek to diversify their supply base.

      However, a growing preference for renewable sources of energy and weakening domestic gas consumption will cap any major surge in LNG demand in Europe. Asia will continue to be the main hub for LNG demand and trade, the report added.
      1 Antwort
      Avatar
      schrieb am 02.11.15 09:35:13
      Beitrag Nr. 30 ()
      Antwort auf Beitrag Nr.: 50.982.723 von R-BgO am 02.11.15 09:32:54

      finde ich vom Volumen her jetzt nicht so dramatisch
      Avatar
      schrieb am 20.11.15 14:11:28
      Beitrag Nr. 31 ()
      LPG-Markt
      nachdem ich einige Werte jetzt ungefähr 1 Jahr im Depot habe, fange ich an die Strukturen besser zu verstehen:

      Wichtig scheint mir, dass es mindestens drei ziemlich unterschiedliche Teilmärkte gibt, die sich nach den Größenklassen der Schiffe unterscheiden (VLGC, Handysize und small).

      VLGC-Charterraten sind die letzten Jahre durch die Decke gegangen, weswegen die Unternehmen dort sich so dumm & dusselig verdienen (Avance, BW). Diese beiden schützen auch irre viel aus, so in der Art wie die ganzen Frederiksen-companies. So hat man Kohle hinter der Brandmauer, wenn es mal in die andere Richtung geht. Es wird nämlich investiert wie blöde. Bisher scheint es mir aber, dass der Markt skeptischer war als die tatsächliche Entwicklung.

      Dorian ist ein Sonderfall, sie befinden sich in einem gigantischen VLGC-Neubauprogramm und die Erträge sprießen gerade erst noch. Ist der einzige Wert, der heute nicht deutlich unter meinem ursprünglichen Einstieg notiert.


      In den beiden anderen Märkten sind die Raten nur wenig gestiegen, oder sogar nahe am historischen Tief (Small). Hier sind Navigator (Handysize) und Stealth (small) unterwegs. Erstere verdienen ordentlich, letztere schreiben eher 'ne schwarze Null und zahlen keine Divi.
      Avatar
      schrieb am 23.11.15 08:39:21
      Beitrag Nr. 32 ()
      http://www.lngworldnews.com/tekay-global-lng-trade-up-in-fir…

      LNG Charter Rates

      As of early November 2015, short-term charter rates for modern diesel-electric vessels were $28,000 – $35,000 per day, according to Affinity LNG.

      Outlook

      LNG fleet utilization should gradually increase through 2016. Nine separate LNG projects are scheduled to start or further ramp-up in 2016, including four large projects scheduled to start over the next six months, the report says.

      While LNG vessel demand will increase next year, so will fleet supply; 46 newbuild LNG vessels are scheduled to deliver by the end of 2016. Any further export project delays or startup problems could cause vessels to deliver in advance of cargos, which could keep short-term rates near current levels through 2016.

      In the longer-term, there is approximately 140 million tonnes per annum (MTPA) of export capacity currently under construction. According to the International Energy Agency, this will increase LNG trade to approximately 350 MTPA in 2020, roughly a 45% increase over 2014 volumes.

      While LNG trade will grow strongly to 2020, low energy prices are having an impact on LNG export projects currently in planning; several export projects that were scheduled to take a final investment decision (FID) in 2015 now appear likely to delay their decision to 2016 or later.

      Avatar
      schrieb am 23.11.15 19:37:33
      Beitrag Nr. 33 ()
      Cheniere Energy - Don't Miss This Opportunity
      http://seekingalpha.com/article/3696846-cheniere-energy-dont…









      Oberkassler
      1 Antwort
      Avatar
      schrieb am 24.11.15 13:01:35
      Beitrag Nr. 34 ()
      Antwort auf Beitrag Nr.: 51.157.188 von Oberkassel am 23.11.15 19:37:33
      1) Freue mich sehr, dass sich auch mal jemand anderes hierher "verirrt" und mitmacht
      aber

      2) das Posting würde m.E. besser in den Cheniere-Thread (Thread: Öl, Erdgas: US-Erdgas bald gratis? Chancen für Value-Investoren!) passen, da es nur von einer Firma und weniger vom Markt an sich handelt

      3) finde ich den referenzierten Artikel doch eher dünn, u.a. daran zu sehen, dass die prognostizierten Preisbänder derzeit weit verlassen sind (stelle fest, dass bei SA eine -gefühlt- zunehmende Anzahl von Artikeln eher als Selbstzweck geschrieben zu werden scheinen, denn als "genuine invest research")
      Avatar
      schrieb am 16.12.15 23:24:28
      Beitrag Nr. 35 ()
      hat-tip to Big Charly:
      http://www.lngworldshipping.com/news/view,lng-carrier-market…


      LNG carrier market ‘will reach US$7.7 billion in 2016’
      Mon 14 Dec 2015 by Karen Thomas

      Oversupply will slow new spending on LNG carriers from 2021, Visiongain predicts. (Matthew Fuentes)


      Capital expenditure on new LNG carriers will drop in 2016-2026, despite global fleet growth and new production capacity coming to market in Australia and North America as oversupply slows new spending on fleet from 2021, according to a new market study from Visiongain.

      The world market for LNG carriers will reach nearly US$7.7 billion next year but “an oversupplied market by 2020 will lead to less spending”, according to Visiongain’s LNG Carrier Market Report 2016-2026.

      Charter rates have hit their lowest level this decade, thanks to a large number of deliveries in 2013 and 2014, to delays to LNG-export projects and to slowing demand in Asia.

      The report highlights the slump in average day rates from a high of US$150,000 a day after the 2012 Fukushima nuclear incident in 2012 to US$80,000 a day in 2014 and to US$40,000 for long-term charters and US$25,000 for spot deals by September this year.

      “The LNG carrier market is driven by the arbitrage opportunity that exists between the supply side – North America, Africa, Qatar, Australia and Russia – and demand side, east Asia, Europe and emerging importers of the LNG market,” Visiongain says.

      “Very strong dynamics on both sides have created an opportunity for profits to be made. However, this opportunity can be constrained by lack of liquefaction capacity or LNG carriers.”

      The report predicts that capital expenditure on LNG carriers will reflect the need for a more flexible but also a more specialised fleet, by growth in long-haul shipments and by growth in spot-traded cargoes.

      New trades will emerge, including icebound passages, such as the northern sea route linking Russia to Japan, longer-haul routes from North America to east Asia and shorter routes between the US and Europe.

      Visiongain also flags growth prospects for small-scale LNG carriers and new hub-and-spoke trading from larger import hubs to new, regional markets. It concludes: “A growing LNG spot market serves to underpin and underwrite capex on LNG carriers.

      “Declining charter rates could restrain orders. However, extra capacity coming online in 2016-2020 will push utilisation rates back and create demand for additional carrying capacity.”
      Avatar
      schrieb am 22.12.15 18:59:41
      Beitrag Nr. 36 ()
      LNG-Export Projekte 2013-2021 Kosten pro Tonne
      LNG World Shipping hat die Kosten pro Tonne jährlichen Produktionskapazität für 37 LNG-Projekte im Spiel über den Zeitraum 2013 bis 2021 geprüft. Die Ergebnisse unterstreichen einige offensichtliche Schlussfolgerungen - wie beispielsweise die Tatsache, dass Australien hat eine High-Cost-Ort, um sieben herausfordernde, World-Projekte in Betrieb gleichzeitig zu bringen - und viele mehr subtilen Schlußfolgerungen.

      Das Projekt-Kostenprüfung umfasste Regelungen seit 2013 abgeschlossen, der im Bau, denen in einem fortgeschrittenen Planungsphase und für eine pre-2021 Start-up und mehrere, die in den letzten drei Jahren aufgehoben worden sind, ausgerichtet..............................................

      http://www.lngworldshipping.com/news/view,lng-project-costs-…
      Avatar
      schrieb am 23.12.15 09:19:35
      Beitrag Nr. 37 ()
      Douglas-Westwood: LNG Capex growth to continue
      Energy industry consultancy, Douglas-Westwood (DW), predicts that the trend of growing capital expenditure (Capex) on LNG facilities will continue, reaching US$241 billion between 2016 and 2020.

      The Capex rise has mainly been spurred on by the growth in the global economy that has driven demand for natural gas, the DW report issued on Tuesday revealed.

      DW’s Hannah Lewendon, stated, “Emissions from the burning of fossil fuels has become an increasingly important considera­tion in recent decades. In light of environmental damage from en­ergy consumption, there has been movement towards the use of cleaner fuels.”

      Natural gas is seen as a mechanism for reducing emissions as it only emits half of the greenhouse gases of coal.

      Lewendon added the low-carbon roadmap agreed at the recently concluded COP21 will expedite the shift towards gas that is regarded as the “bridging fuel” to renewables in the future. Tighter environmental legislation will also animate the transport and power generation industries in using LNG as an alternative fuel, in addi­tion to the price arbitrage effect.

      Mark Adeosun of DW concluded, “In the decades ahead, natural gas will play an increasingly significant role in meeting the world’s energy demand. The long-term potential of the LNG indus­try is evident as vast reserves of natural gas found in remote regions such as East Africa and the Arctic present considerable LNG opportunities for the future.”

      He noted that in the short-term, LNG spot price declined rapidly due to a combination of low oil prices and a fall in Asian economic growth forecast, adding that low hydrocarbon prices remain a concern as most LNG contracts are linked to oil price.

      “Therefore, the global LNG Capex outlook to 2020 will be characterised by a change in regional spend. The weaker projected expenditure in 2016 will be a result of a pause in commitments to new LNG projects,” according to Adeosun.

      He revealed that, out of the total expenditure over the forecast period 66 percent will go to the liquefaction projects, import facilities will take up 21 percent while LNG carrier newbuilds will take 13 percent of total expenditure between 2016 and 2020.
      Avatar
      schrieb am 05.01.16 10:27:44
      Beitrag Nr. 38 ()
      Preispunkt LNG:
      .
      .
      Petronet, RasGas agree new LNG price, penalty waived

      India’s largest LNG importer, Petronet said it has come to an agreement with RasGas of Qatar to revise the 7.5 mtpa LNG import deal terms significantly cutting the price.

      Under the initial deal signed in 1999, Petronet agreed to pay about US$13 per million British thermal units, while the revised price is reduced to around US$6 to US$7, according to India’s minister for petroleum and natural gas, Dharmendra Pradhan.

      The two companies said in a joint statement last week that the revised price will be linked to the oil index that closely reflects the prevailing oil prices.

      Additionally, Petronet has avoided paying the US$1.5 billion penalty for taking less LNG than it contracted for 2015, but under the new agreement, it will have to take and pay for all of the volumes it has not taken in 2015 during the remaining term of the 25-year SPA.

      Petronet also agreed to buy additional 1 mtpa of LNG from RasGas for further sale to Indian Oil, Bharat Petroleum, GAIL and Gujarat State Petroleum, with the delivery starting in 2016.
      Avatar
      schrieb am 05.01.16 12:03:18
      Beitrag Nr. 39 ()
      US-Gasmarkt aus Traderperspektive:
      http://econintersect.com/pages/investing/investing.php?post=…

      Auszug:

      What I do know is one way or another natural gas somehow finds its way back to the $5 MMBtu level even during the shale revolution. I expect that sometime over the next three years natural gas finds its way back to this 'natural gravitational' market price. It may even make several trips up to $5 MMBtu over the course of the next three years. It was just over $7 MMBtu two winters ago after the last crushing of the market back in 2012 to below $2 MMBtu. It took just two short years to really move well above the $5 level.
      Avatar
      schrieb am 10.01.16 19:58:44
      Beitrag Nr. 40 ()
      Hallo ich brauch mal Hilfe bitte.

      Wo finde ich die LPG Charterraten für den letzten Monat?

      Firmen wie Avance Gas und Co verdienen sich dumm und dähmlich und schreiben gute Gewinne zuzeit.

      Ist es richtig das die USA in großen Stil in das Erdgas und LNG Geschäft einsteigen wollen?Dann müssten Theoretisch Schiffe fehlen.
      Avatar
      schrieb am 10.01.16 20:28:00
      Beitrag Nr. 41 ()
      Nicht einfach an die Daten zu kommen
      http://www.koenig-cie.de/de/node/3170

      http://www.harperpetersen.com/harpex/harpexVP.do

      der Öl und Gasmarkt Transportation sehr interessant !

      BW LPG Aktie [WKN: A1W81N / ISIN: BMG173841013]

      Dividende von circa 17%, KGV 5 !


      Interessanter Markt
      Peer Group Vergleich Dorian LPG WKN A11356

      Torm WKN: A14ZY9

      Exmar WKN: 812680

      Hoegh LNG Partners L.P

      Tekay Copoeration

      Muss mich da weiter reinarbeiten.

      Oberkassler
      1 Antwort
      Avatar
      schrieb am 11.01.16 11:11:27
      Beitrag Nr. 42 ()
      Antwort auf Beitrag Nr.: 51.457.878 von Oberkassel am 10.01.16 20:28:00
      hatte am Anfang des Threads, in Post #2 mal versucht, einen Überblick zu geben...
      Zitat von Oberkassel: http://www.koenig-cie.de/de/node/3170

      http://www.harperpetersen.com/harpex/harpexVP.do

      der Öl und Gasmarkt Transportation sehr interessant !

      BW LPG Aktie [WKN: A1W81N / ISIN: BMG173841013]

      Dividende von circa 17%, KGV 5 !


      Interessanter Markt
      Peer Group Vergleich Dorian LPG WKN A11356

      Torm WKN: A14ZY9

      Exmar WKN: 812680

      Hoegh LNG Partners L.P

      Tekay Copoeration

      Muss mich da weiter reinarbeiten.

      Oberkassler



      Dorian ist ein LPG-Großtanker-Player (wie BW, Avance,..)
      Torm habe ich mir lange nicht angesehen, war früher aber ein einfacher Öltankerbetreiber
      Höegh LNG Partners, ist ein MLP, der nur die "sicheren" LNG-FSRU-Projekte der Mutter betreibt
      Teekay Corp ist wie ein kleiner Fonds, als Holding der MLP: TK LNG, TK Offshore, TK Tankers.

      Sind also in mehr oder weniger unterschiedlichen Märkten unterwegs.

      Zu allen Werten gibt es Threads...
      Avatar
      schrieb am 14.01.16 10:24:33
      Beitrag Nr. 43 ()
      WoodMac: LNG growth wave to come post 2016
      WoodMac’s review of the LNG industry reveals that the 2015 market was characterised by weaker Asian demand which dropped 2 percent forcing LNG players to shift focus to developing markets and employing new regasification capacity.

      Despite weakened demand and the impact of the oil price crash, LNG production remained high throughout the year reaching 250 million tonnes in 2015, up 4 million tons on 2014, primarily due to a number of key project start-ups, the review shows.

      ...

      Chong adds that new buyers played a crucial role in balancing the market during 2015 making up for the decline in Asian LNG demand. Jordan, Egypt and Pakistan, newcomers to the LNG market together imported 5.8 million tons of liquefied natural gas in 2015. According to Chong, this trend is expected to continue in 2016 as new customers and regasification capacity remains key.

      ...

      Giles Farrer of Wood Mackenzie adds that the increase is primarily due to the start-up of key coal seam gas projects in Australia, BG’s QC LNG in January and Santos’ GLNG in August 2015.

      Adding to that, ConocoPhillips-operated APLNG plant recently shipped its first cargo, which according to Farrer, moves Australia closer to becoming the world’s largest supplier of LNG by 2019, as the three Curtis Island facilities bring a total of 26.5 mtpa to the market.

      “The fall in Asian demand and the rise in Australian supply, meant some Atlantic LNG volumes were squeezed out of the market and Atlantic to Pacific trade flows fell by 16% – from 96 mtpa to 82 mtpa. With the lower oil price driving down Asian LNG prices, the spread between European gas prices and Asian LNG prices narrowed. Consequently, companies with Atlantic supply were drawn to European markets offering more attractive returns,” Farrer adds.

      ...

      He said the growth wave is set to come after 2016 noting that several key dynamics will affect LNG prices and flows, namely, the coal to gas competition in both Europe and Asia, Chinese energy policy as well as access to regas capacity in Europe and contract flexibility.
      Avatar
      schrieb am 19.01.16 10:45:10
      Beitrag Nr. 44 ()
      Cedigaz: European LNG net imports up in 2015


      In 2015, LNG net imports grew by 16.6 percent in Europe as demand for natural gas grew in the region, according to the international association for natural gas, Cedigaz.

      As a consequence of more deliveries which were up 1.8 million tons and less reloads (down 2.68 million tons), net imports increased by 4.47 million tons up to 31.35 million tons. Except in France, where gross imports decreased from 5.07 million tons to 4.77 million tons while re-exports slightly decreased (down 0.03 million tons), and in Greece, where imports were flat at around 0.45 million tons, net imports increased everywhere because of various factors.

      In the Iberian peninsula, LNG demand was boosted by higher demand for natural gas in the power sector as droughts reduced the availability of hydropower and a heatwave in the summer increased gas consumption in the power sector, Cedigaz notes in its report.

      In Spain, where LNG net imports grew to 8.96 million tons in 2015, demand for natural gas for power generation increased by 18.1 percent year-on-year from January to November while hydropower output decreased by 26.5 percent year-on-year from January to October. In Portugal, net imports also grew to 1.12 million tons rising 16.2 percent.

      In Italy, imports increased 31.8 percent to 4.18 million tons as Edison leveraged its 4.6 mmtpa long-term contract it has signed with Rasgas to regasify natural gas from Qatar in the Adriatic LNG terminal. The contract, which is oil-indexed, offered competitive prices compared to Italian spot prices: Qatari LNG landed price stood at $8.41/mmbtu in January and continuously declined throughout the year down to $5.17/mmbtu in October. In France, higher imports from Norway by pipeline and higher withdrawal from storages met the increased demand for natural while LNG net imports decreased.

      In Northwest Europe, where gas markets are more liquids than in other parts of the region, LNG net imports grew significantly. In the United Kingdom, where the South Hook terminal received about 20 percent more LNG (all coming from Qatar), net imports grew by 12.4 percent to 9.43 million tons. Such an increase was consistent with British growing demand for natural gas in 2015, as lower than average temperatures boosted domestic demand by 14 percent year-on-year from January to September. In Belgium and in the Netherlands, net imports grew respectively by 89.7 percent to 1.86 million tons and 71.6 percent to 0.6. Belgium importers took advantage of the low oil-linked price of LNG from Qatar and could easily find a market as the output of the neighboring Groningen field decreased. In the Netherlands, 2015 saw a strong increase in the reloading business as Gate LNG terminal reloaded 28 ships, including 14 large LNG carriers and 14 small-scale carriers.

      In Lithuania, the LNG terminal in Klaipeda, operated below its capacity and unloaded 0.32 million tons. In Poland, the Świnoujście LNG terminal received its commissioning cargo from Qatar in December 2015.

      Spain pulled down European reloads

      After collapsing in the second half of 2014, the price difference between Asian and European LNG spot prices stayed low in 2015. Thus, while UK spot price averaged $6.51/mmbtu in 2015, Japan spot price averaged $7.5/mmbtu over the same period. With such a low difference, which was even below zero in February 2015, the reloading business became mostly uneconomic. In Spain, which reloaded about 3.99 million tons in 2014, LNG re-exports dropped to 1.05 million tons in 2015. Such a fall was explained by the collapse of re-exports to Asia and Americas which dropped respectively by 80.1 percent and 75 percent year-on-year from January to November.

      However, Northwest Europe countries which received more LNG in 2015 than in 2014 also reloaded more. As the market was well supplied and prices were low in Europe, the UK and the Netherlands took advantage of the low price of the LNG they imported to re-exports to more attractive markets, including the Middle East and Latin America. The Netherlands sent large reloads to Argentina, Brazil, United Arab Emirates, Mexico, Jordan, South Korea, Egypt, and India and delivered small-scale reloads to Norway and Sweden.

      More gas from Qatar and Nigeria, less from Trinidad and Tobago and Algeria

      As a consequence of the dropping demand in the Far East where spot prices collapsed and the lowering pressure on the global LNG market, large portfolio players diverted cargoes to closer markets where prices were also attractive. Thus, the origin of European LNG imports changed significantly in 2015 compared to the year before. Imports from Qatar, Europe’s first supplier, grew by 15 percent to 19.21 million tons and imports from Nigeria grew by 39 percent to 4.57 million tons while exports from these two countries to Asia dropped.

      Norway also exported more LNG to Europe, increasing its supply from 1.72 million tons in 2014 to 2.23 million tons in 2015.

      Imports from Trinidad and Tobago reduced by half to 1.07 million tons as the output from the Atlantic LNG plant declined and was rather sent to regional buyers, in North and Latin America.

      LNG exports from Algeria to Europe also dropped significantly by 11.8 percent down to 6.79 million tons in 2015. It is worth noticing that most of the fall occurred in the first quarter of the year (down 40.4 percent year-on-year) because of a two-month maintenance work at the Skikda plant and that it was offset by higher exports via pipeline to Spain and Italia.
      4 Antworten
      Avatar
      schrieb am 25.01.16 09:15:29
      Beitrag Nr. 45 ()
      Antwort auf Beitrag Nr.: 51.525.930 von R-BgO am 19.01.16 10:45:10
      zum Vergleich:
      China LNG imports down in 2015

      LNG imports into China reached 19.63 million tonnes in 2015, down 1 percent year on year, according to the General Administration of Customs data.

      China, the world’s largest energy consumer, imported 2.1 million tonnes of liquefied natural gas in December, an increase of 4.6 percent, the data showed.

      The National Development and Reform Commission (NDRC) of China announced in September 2015 it will slice domestic gas prices to help boost demand for LNG and pipeline supplies.

      China’s LNG importers have been struggling last year due to the country’s weak demand for the fuel amid an economic slowdown.

      High inventories and low domestic demand prompted China’s CNNOC to sell some long-term LNG volumes onto the spot market.
      3 Antworten
      Avatar
      schrieb am 31.01.16 12:15:42
      Beitrag Nr. 46 ()
      Versand Täglich - Freitag 29. Januar 2016 Frachtraten und zukunfts Einschätzungen
      http://www.tonmiletrader.com/


      LPG: Enterprise Product Partners bleibt optimistisch auf US LPG Exporte - Enterprise Product Partners berichtete gestern Q4 / 15 Ergebnisse und gab zusätzliche Farbe auf LPG Exporte. Unternehmen hat 90% ihres Terminal bis 2019 verkauft und kürzlich einen asiatischen Kunden für eine 7yr Vertrag unterschrieben. Auf die Frage, ob das Unternehmen sieht die Gefahr, dass es nicht ausreicht LPG in den USA produziert, um Klemmen zu füllen (die unserer wichtigsten Risikoangesichts der aktuellen Ölpreis) werden erwartet Enterprises die Gesamtproduktion in den USA und die verbesserte Pipeline-Infrastruktur, um für eine ausreichende ermöglichen Volumes Exportterminals erreichen. Wir bleiben etwas skeptisch, dies als einem Ölpreis von 45 USD / bbl wird wahrscheinlich zu einem steilen cut in Öl und die damit verbundenen NGLs führen. Darüber hinaus sieht Enterprise-PDH als nur ein kleines Stück in der LPG zu spielen, dass der zusätzliche Nachfrage aus neuen Anlagen wird voraussichtlich keine 120kbblspd überschreiten. Unser Nehmen auf dem LPG-Sektor ist nach wie vor, dass es immer noch eine zu kaufen, aber ein Rückgang der US NGL-Produktion wird zwangsläufig führen uns zu einer vorsichtigeren Haltung.
      · Autotransporter: Caterpillar sieht weiteren Nachteil an H & H.......................................
      2 Antworten
      Avatar
      schrieb am 31.01.16 13:48:19
      Beitrag Nr. 47 ()
      Antwort auf Beitrag Nr.: 51.620.698 von Big Charly am 31.01.16 12:15:42
      interessante Quelle/Typen; wie hast Du die gefunden?
      und ich bin mal wieder mehr fürs Original:


      LPG: Enterprise Product Partners remains optimistic on US LPG exports – Enterprise Product Partners yesterday reported Q4/15 results and gave additional color on LPG exports. Enterprise has sold 90% of their terminal through 2019 and recently signed up an Asian customer for a 7yr deal.

      When asked whether the company sees a risk that there will be insufficient LPG produced in the US to fill terminals (which is our key risk given the current oil price), Enterprises expects the overall production in US and the improved pipeline infrastructure to allow for sufficient volumes to reach export terminals.

      We remain somewhat skeptical to this as an oil price of USD 45/bbl will likely lead to a steep cut in oil and associated NGLs. Moreover, Enterprise sees PDH as only a small piece in the LPG play in that the incremental demand from new plants is not expected to exceed 120kbblspd.

      Our take on the LPG sector is still that it is still a BUY, but a decline in US NGL production will inevitably lead us to a more cautious stance.
      Avatar
      schrieb am 31.01.16 14:04:41
      Beitrag Nr. 48 ()
      Antwort auf Beitrag Nr.: 51.620.698 von Big Charly am 31.01.16 12:15:42
      auf jeden Fall macht es Sinn, EPD im Auge zu behalten,
      wenn man sich mit LPG beschäftigt:

      http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9N…


      Seiten 12, 15, 22, und besonders 23...


      außerdem Thread: Enterprise Products Partners - US-MLP
      Avatar
      schrieb am 02.02.16 09:49:10
      Beitrag Nr. 49 ()
      http://www.poten.com/about-us
      Es gibt nur wenige globale Märkte, die so viel Veränderung in den letzten Jahren als verflüssigtes Erdölgas (LPG) unterzogen wurden. Enorme Wachstum in Liefermengen aus den Vereinigten Staaten, dem Nahen Osten und anderen Regionen hat die traditionellen globalen Handelswege verändert und ist mit einer Transformation des globalen petrochemischen Sektor führt..........


      mal reinschauen
      Avatar
      schrieb am 05.02.16 10:20:29
      Beitrag Nr. 50 ()
      SGX sees LNG screen trading next year
      Singapore stock exchange said in a report on Thursday it expects screen trading of liquefied natural gas to start in 2017 once liquidity builds.

      SGX, which recently revealed the first trade of the new SGX FOB Singapore SLInG LNG derivatives contract, said this in a white paper published on Thursday on the development of Asia’s LNG market.

      According to the report, SGX expects this year first spot LNG cargoes to be indexed to SLInG, especially cargoes from “new un-contracted Australian and US projects and the potential re-contracting of long positions from over-contracted consumers, subject to destination restrictions in their contracts”.

      “The development of SLInG as a true gas price for LNG in Asia has been timely and there is a clear window over the next 1-2 years for it to gather acceptance and become the reference price for spot and hedge trade in the Asia Pacific Region,” the report said.

      =>whitepaper gibt's hier: http://www.sgx.com/wps/wcm/connect/0a19105f-4e57-42ba-962c-8…
      Avatar
      schrieb am 05.02.16 10:45:10
      Beitrag Nr. 51 ()
      Asia’s spot LNG prices rise on Sakhalin outage
      The prices of spot liquefied natural gas in Asia are climbing after hitting a 6-year low in late January, due to production problems at Russia’s LNG export facility located on Sakhalin Island.

      The Platts March JKM rose 30 cents/MMBtu to $5.35/MMBtu Tuesday, and bids emerged close to $6/MMBtu by early Wednesday, with at least one deal concluded for late February or early March delivery at around $6/MMBtu DES, Platts reported on Wednesday.

      The Sakhalin-2 project reported production problems last week at its 9.6 mtpa LNG export facility located in Russia’s Far East region. The LNG project declared force majeure on 28 January due to a power outage at the Sakhalin-2 liquefaction plant.

      By January 29, LNG production at the facility had been reduced by 50 percent, Platts said in the report.

      The events at Sakhalin have also resulted in extra demand from at least one portfolio seller, and prompted some of the facility’s long-term customers — Kogas of south Korea and several Japanese gas and power utilities — to review their LNG inventories, already affected by a recent cold snap in the region, the report added.

      LNG production rose in 2015

      Gazprom recently said that the liquefied natural gas project exceeded its design production capacity by 1.2 million tons in 2015.

      The LNG project consists of two trains with Shell and Gazprom working to add the third train.

      Sakhalin Energy is the Sakhalin-2 project operator with the ownership distributed among Gazprom (50 percent plus one share), Shell (27.5 percent minus one share), Mitsui (12.5 percent) and Mitsubishi (10 per cent).
      Avatar
      schrieb am 08.02.16 09:33:01
      Beitrag Nr. 52 ()
      Antwort auf Beitrag Nr.: 51.570.252 von R-BgO am 25.01.16 09:15:29
      EIA: China’s annual LNG imports down for first time since 2006
      Chinese imports of LNG declined by 1.1% year-on-year in 2015 for the first time since the country began importing chilled gas in 2006, the U.S. EIA said in a report on Thursday.

      LNG World News previously reported that China’s imports dropped to 19.63 million tonnes in 2015.

      Chinese LNG imports have grown steadily in the last 10 years, from 0.1 billion cubic feet per day (Bcf/d) in 2006 to 1.3 Bcf/d in 2010, and have more than doubled since then. They reached their peak in 2014 at 2.7 Bcf/d, making China the third-largest LNG importer globally after Japan and South Korea, EIA said in the report.

      In 2015, however, LNG imports declined to 2.6 Bcf/d, reflecting in part a slowdown in the growth of the Chinese economy and lower prices of competing fuels, EIA said.

      According to the report, at the end of 2015, China had 13 LNG regasification import terminals with a combined capacity of 5.4 Bcf/d. Several more terminals are under construction, with a combined capacity of 3.4 Bcf/d. These terminals are scheduled to come online in 2016-19.

      However, the start-up of several terminals has been delayed because of a lack of downstream demand. For example, construction of Jieyang LNG terminal in Guangdong was completed last year, but the terminal has not been connected to a provincial pipeline network serving end users.

      The terminal’s end users are factories that can also run on liquefied petroleum gas (LPG). Current LPG prices are lower than long-term contractual LNG prices, so LPG is being used to meet the demand.

      Additionally, many contracts to supply LNG at the new regasification terminals were signed when oil prices were above $100/barrel, which makes long-term LNG prices less competitive than both spot LNG and LPG, EIA noted.

      Major Chinese oil and gas companies have been trying to postpone shipments of contracted LNG to the new terminals and instead purchase lower-priced spot cargoes.

      In November 2015, the Chinese government lowered the ceiling for citygate natural gas prices for nonresidential sectors by $2.95 Million British thermal units (MMBtu), a decrease of approximately 28%, EIA said.

      Lower prices are expected to stimulate natural gas demand growth going forward, particularly in the power generation and transportation sectors, the report added.
      2 Antworten
      Avatar
      schrieb am 08.02.16 09:37:23
      Beitrag Nr. 53 ()
      Antwort auf Beitrag Nr.: 51.682.111 von R-BgO am 08.02.16 09:33:01
      und noch was zur Einheitenumrechnung:
      2,6 bcf/d entsprechen lt. Artikel 19,63 mmtpa

      => 2,6 bcf x 365 = 949 bcf = 19,63 mmt

      => 1 Million Tonnen = 48,34 bcf
      Avatar
      schrieb am 08.02.16 09:39:18
      Beitrag Nr. 54 ()
      Antwort auf Beitrag Nr.: 51.682.111 von R-BgO am 08.02.16 09:33:01
      Report: UAE plans another LNG FSRU
      State-owned Abu Dhabi National Oil Company (ADNOC) is reportedly planning to start a liquefied natural gas FSRU in the second half of 2016.

      According to a report by Reuters, the floating LNG import terminal is being supplied by U.S. company Excelerate Energy.

      The LNG import terminal’s import capacity will be about 1 million tonnes per year, the reported added.

      The UAE already imports LNG via a floating terminal supplied by Excelerate Energy off the coast of Dubai.

      In 2010, Dubai Supply Authority (DUSUP) completed the construction of the LNG terminal in Jebel Ali port which allows the import of LNG via a floating storage and regasification unit (FSRU).

      LNG tankers berth alongside the Explorer FSRU, which regasifies the LNG using seawater through a heat exchanger, and then flows the gas into the onshore pipeline network.
      Avatar
      schrieb am 08.02.16 10:37:27
      Beitrag Nr. 55 ()
      Drewry sieht 2016er LNG-Tankerraten unter Druck:
      http://www.seatrade-maritime.com/news/americas/lng-shipping-…

      u.a. wegen
      -australischer upstarts, die ton-mile-demand verringern
      -12% Flottenwachstum
      Avatar
      schrieb am 08.02.16 22:09:28
      Beitrag Nr. 56 ()
      Avatar
      schrieb am 10.02.16 10:27:20
      Beitrag Nr. 57 ()
      nur zur Info:
      parallel zu diesem Thread bemooste ich regelmäßig einen zu Öl: Thread: Ölpreise überverkauft: Gründe für den Absturz der Öl-Notierungen

      die Themen sind zwar aus meiner Sicht verschieden -deswegen ja auch die 2 Threads- haben andererseits aber auch Berührungspunkte;

      wer sich hierfür interessiert, könnte auch an dem anderen was finden
      Avatar
      schrieb am 10.02.16 21:48:51
      Beitrag Nr. 58 ()
      Hallo ich möchte vllt mal einen kleinen Teil zur Diskussion beitragen

      Was haltet ihr davon das der Iran jetzt massiv neben Öl auch mit dem Export von LPG beginnt?

      Zusätzlich arbeiten die USA unter anderem mit der Firma Philipps 66 daran auch mit dem LPG Export in die Gänge zu kommen und in den kommenden Jahren stehen einige Projekte an.

      Das müsste doch die Frachraten steigen lassen auch wenn dieses Jahr bestimmt mehr Schiffe am Markt sind.

      http://www.iranoilgas.com/news/details?id=15485&title=Iran+s…

      https://www.zawya.com/story/Iran_LPG_production_up_40-ZAWYA2…
      Avatar
      schrieb am 12.02.16 10:16:53
      Beitrag Nr. 59 ()
      Japan’s Jera plans to double its LNG fleet
      Japan’s Jera Co, a joint venture between Chubu Electric and Tepco, expects to have 30-40 mtpa of contracted LNG volumes by 2030-31, compared with 40 mtpa now.

      Jera said in its 15-year business plan released on Wednesday it will be changing its LNG purchasing strategy as it is “building procurement and business development platforms capable of adapting to future fluctuations in fuel markets“.

      The JV’s long-term LNG offtake volume will be at 35 mtpa as of July this year. However, Jera expects to reduce these volumes to 15 mtpa by 2030-31, according to its business plan.

      Jera plans to replace these long-term LNG contracts with a “combination of highly flexible short-term/spot contracts and economically efficient/stable long-term contracts”.

      One of the world’s largest LNG buyers also said it is planning to boost its LNG trading capability, as well as expanding its fleet of LNG tankers.

      The JV aims to almost double the size of its LNG fleet to 30 vessels by 2030-31. Jera will operate a fleet of 16 LNG tankers as of July 2016, according to the business plan.

      Jera’s business plan also includes boosting its domestic and overseas power generation business.

      The JV expects to increase overseas power generation capacity in the next 15 years to 20 GW from a current 6 GW, and domestic power generation capacity to 12 GW from 650 MW.
      Avatar
      schrieb am 12.02.16 11:05:45
      Beitrag Nr. 60 ()
      BP outlook: gas will be the fastest growing fossil fuel
      UK-based oil and gas giant BP expects fossil fuels to remain the dominant form of energy over the period to 2035, according to the 2016 edition of the “BP Energy Outlook”.

      Despite the rapid growth of other sources, fossil fuels “will remain the dominant form of energy over the period to 2035, meeting 60% of the projected increase in demand and accounting for almost 80% of the world’s total energy supplies in 2035,” the report said.

      According to BP, gas will be the fastest growing fossil fuel, increasing 1.8% a year and oil will grow steadily at 0.9% a year, although its share of the energy mix continues to decline.

      Growth of coal is projected to slow sharply, such that by 2035 its share in the energy mix is at an all-time low, with gas replacing it as the second-largest fuel source.

      Non-fossil fuels are projected to grow even faster than anticipated in last year’s outlook. Renewables, including biofuels, are projected to grow at around 6.6% per year, and as a result their share in the energy mix increases from 3% today to 9% by 2035, BP said in the report.

      LNG role rising

      International trade in gas grows broadly in line with global consumption, such that the global trade share of gas remains around 30%.

      But within that, “LNG trade grows twice as fast as consumption, with LNG’s share of world demand rising from 10% in 2014 to 15% in 2035“, BP said in the report.

      According to BP, over 40% of the increase in global LNG supplies is expected to occur over the next five years as a series of in-flight projects are completed. This equates to a new LNG train coming on stream every eight weeks for the next five years.

      By 2035, LNG “surpasses pipeline imports as the dominant form of traded gas. The growing importance of LNG trade is likely to cause regional gas prices to become increasingly integrated“, the report said.

      The growth in LNG coincides with a significant shift in the regional pattern of trade. The US is likely to become a net exporter of gas later this decade, while the dependence of Europe and China on imported gas is projected to increase further, the report said.

      CEO comment

      “In the middle of a downturn in oil and gas prices, it is important not only to adapt to the current tough conditions, but also to prepare for the next set of challenges. Energy is a long-wavelength industry and we need a long term perspective of how the energy landscape we operate in is likely to evolve,” said Bob Dudley, CEO of BP.

      “As this year’s Outlook demonstrates, the world is going to continue to demand growing supplies of energy but the mix of those supplies is changing and becoming less carbon-intense. However, further policy action may be necessary to meet international targets to limit carbon emissions,” Dudley added.
      Avatar
      schrieb am 16.02.16 09:12:42
      Beitrag Nr. 61 ()
      FSRU-Projekt:
      Kakinada FSRU project granted environmental consent

      India’s ministry of environment, forest and climate change recently granted the environmental and coastal regulation zone (CRZ) clearance for the proposed Kakinada LNG FSRU project.

      The deepwater FSRU project developed by the Andra Pradesh Gas Distribution Corporation, a joint company established by GAIL and Andra Pradesh Gas Infrastructure Corporation, will have a design capacity of 3.5 mtpa with room for potential expansion to 5.25 mtpa.

      The FSRU-based terminal will include marine facilities for LNG import, an approximately 3.1 km high-pressure subsea pipeline to transport regasified LNG to coast and an onshore receiving facility for gas metering skid, control room and supply to the gas grid.

      The FSRU will be able to receive carriers with a maximum capacity of 217,000 cubic meters of liquefied gas and will be able to handle 21 million cubic meters of gas per day.

      The proposed project’s construction is scheduled to last two years after receiving the environmental approval.


      Umrechnung:
      21'' cbm x 365 Tage = 7.665 Mio. cbm/a
      ./. 3,5 mtpa
      => 2.190 cbm = 1 Tonne
      => 1cbm = 457g
      Avatar
      schrieb am 19.02.16 09:35:26
      Beitrag Nr. 62 ()
      finde ich schon fühlbar:
      Japan LNG imports down 14.1 pct in January

      Japan’s imports of liquefied natural gas reached 7.24 million mt in January, a drop of 14.1 percent as compared to the same month a year before.

      The world’s largest buyer of chilled gas paid 349,845 million yen (US$3.7 billion) for imports in January, down 55.4 percent as compared to 2015, preliminary data from Japan’s Ministry of Finance showed on Thursday.

      Japan imported 85.05 million mt of LNG in 2015, a drop of 3.9 percent as compared to the year before. This was the first drop in Japan’s annual LNG imports since the devastating earthquake and tsunami in March 2011 which caused Japan to shut down its nuclear industry. As of February this year, Japan has restarted three nuclear reactors.

      Japan paid $46.66 billion for LNG imports last year as global oil and gas prices fell, down 29.5 percent from $66.67 billion the country paid for imports in 2014.

      Japan’s power utilities

      LNG use by Japan’s ten independent regional electric power companies dropped 4 percent in January to 4.99 million mt.

      According to the data from the Federation of Electric Power Companies of Japan (FEPC), January purchases by the ten utilities were at 4.62 million mt of LNG, down 12.8 percent from 2015.

      Total electricity generated and purchased across the ten companies in January declined by 3.2 percent to 81.08 billion kWh, due to “decreased heating demands caused by relatively higher temperatures” in January than the previous year, FEPC said.

      Spot LNG price

      Japan’s price of spot liquefied natural gas contracted in January averaged $7.1 per mmBtu on DES basis, down 30 cents from the previous month.

      The average LNG price for cargoes contracted last month in Japan was also the lowest since Japan’s Ministry of Economy, Trade and Industry (METI) started publishing monthly reports in March 2014.

      According to METI, the average price of spot-LNG imported into Japan that arrived in January stood at $7.9 per mmBtu, a rise of 40 cents as compared to December.



      => 3,7 Mrd. US für 7,24 mt = 511$/t
      Avatar
      schrieb am 13.03.16 09:42:55
      Beitrag Nr. 63 ()
      WoodMac: up to half of US LNG exports at risk of shut-in
      Up to half of US LNG exports to Europe could be shut-in over the next five years, depending on the prices of oil and coal and Russia’s export strategies, Wood Mackenzie said in a report on Wednesday.

      WoodMac’s Stephen O’Rourke said in the report there is much speculation on Russia’s response to the rise of European LNG imports from the United States.

      Questions have been raised whether Russia will push to retain its market share, similar to the Saudi Arabia’s oil strategy, which could push European gas prices to low levels, causing shut-in of LNG exports from the US.

      Noel Tomnay of Wood Mackenzie said that Russia’s export strategy has a major influence, however, prices of other commodities like oil and coal are more likely to have a stronger effect on US LNG exports. Coal prices could have the most impact since it “will determine European spot prices through coal-gas switching in the power sector.”

      In a low oil price environment, Russia’s gas indexed to oil will allow it to retain over 30 percent of the European market, around 490 billion cubic meters, according to Wood Mackenzie. As Russian gas would remain cheap, buyers would maximise the offtake, threatening US LNG export volumes.

      In case the prices of coal also remain low, it could push the European gas prices to US$3.85/mmbtu. This, in turn, would see the US LNG export capacity averaging 85 percent between 2017 and 2020.
      1 Antwort
      Avatar
      schrieb am 14.03.16 19:20:16
      Beitrag Nr. 64 ()
      Antwort auf Beitrag Nr.: 51.968.244 von R-BgO am 13.03.16 09:42:55
      In dieselbe Kerbe:
      http://oilpro.com/post/23109/lng-pricing-enemy-within-and-on…


      LNG Pricing – The Enemy Within (And The One At The Door)

      ...

      We are facing a huge tsunami of fresh LNG and much of it has nowhere to go in a contracting marketplace. But as Andrew Williamson, a participant in one of yesterday’s discussions rounds has validly put out, numbers can be deceiving. Not all import capacity is created equal.

      ...

      Australia swamps Asia with around 70 mtpa of fresh supplies which will put a plug into all possible available markets in this part of the world. Aussies are geographically closer to those markets than the Atlantic producers so they can afford to undercut them. Their only impediment is the relatively high cost they have logged in when building those plants but now they stand and must produce – come what may.

      This means that they will eventually squeeze out all opportunities for producers west of Qatar to place volumes.

      Let’s not forget that most LNG suppliers that have traditionally delivered into the US markets (ready or planned at the time) have switched to Asia at the time as it sucked up anything that came out of the plants at exorbitant prices.

      This giant sucking sound also was the commercial rationale for many of the new plants. As it has disappeared, they are all in distress as they have not prepared for a world with lower prices.

      Anyhow, produce they must as they cannot simply switch their plants off as this would mean forgone revenue and another grain of sand on the balance towards forced impairment which all of them must shun more than the devil shuns being baptized.

      So they will keep the waggon rolling at all costs, even if hell freezes over.

      Back to the market. I have just said that as the Asian market is going to be stacked solid by Kanga LNG, all the old ex-US-bound LNG comes back into the Atlantic with no place to go. No producer west of Qatar is going to place any LNG in Asia anymore over the next couple of years.

      But in order to add insult to injury, there is plenty of new US LNG entering the market at the same time. Most of it will come around 2018. This means that the backlash from Asia is joined by a flood of fresh, uncommitted LNG.

      They can go to South America but this tiny consuming region cannot swallow enough in order to put a meaningful dent into the market. Remains just – Europe.

      Let’s do the scan. Essentially you have Mediterranean terminals, Atlantic Spain and France, the UK, North Western Europe and the new Baltic coast players.

      Only the UK and North Western Europe have big terminals backed up by big hubs and grids and storage and functioning trading regimes to swallow big volumes on short notice. It’s going to drive prices down but it’s not going to kill the market.

      All the others are little physical terminals that are custom built for their situation, their town, their industry, their country. Like South American terminals, they are flexibility takers and not flexibility givers so they will also not have a noticeable effect on the volumes.

      This makes North Western Europe and the UK the market sink for overflow volumes of LNG for the world and we are facing the largest overflow of LNG in human history.

      That’s an exciting position to be in for holders of terminal rights in this region.

      But in order to sink their volumes, they will have to be price competitive with European pipeline gas which means they will have to undercut everyone else which is mainly Russians and Norwegians in this part of the world.

      And as there is not enough regasification capacity for all the LNG coming, they will also have to bite each other on the way to salvation.

      This means that the most brutal of all price fights will happen both among LNG players and pipeline players and also among the LNG players themselves. Not because they want to but for mere survival.

      Exciting times for those with a steady heartbeat. All others are advised to stock up on sleeping pills, heart drugs and tranquilizers as this is not going to be for the faint of heart.

      But what an opportunity.

      Read more like thisone on http:www.lng.guru
      Avatar
      schrieb am 22.03.16 21:47:38
      Beitrag Nr. 65 ()
      Platts: April LNG spot prices to Asia plummet YoY
      Prices of spot LNG for April delivery to Asia averaged $4.46 per MMBtu, according to latest Platts Japan/Korea Marker data for month-ahead delivery.

      At $4.46/MMBtu, the April JKM was 38.7 percent below prices for the same delivery month in 2015.

      Platts adds in its report that the latest marker for April delivery is also at the lowest monthly average level seen since July 2009, when the monthly average for August-delivered cargoes was $4.23/MMBtu.

      Sentiment for April and further out in May continued to remain bearish due to expectations of extra supplies from both new and recently commissioned projects in the United States and Australia, as well as additional volumes from the Angola LNG project starting in the second quarter of 2016.

      The JKM had begun the trading month at $4.7/MMBtu, before sliding to an intra-month low of $4.25/MMBtu in the first half of the month. Expectations of oversupply from the projects coming online weighed on the market sentiment, Platts said.

      However, the downward pressure on prices was short-lived, as demand for April cargoes emerged at the same time from several buyers looking to quickly fill their April positions. Buy tenders from Argentina, PTT, SK, Posco, GSPC, Gail, and IOC for prompt April cargoes reversed the downward trend in prices. The Platts JKM rebounded back up to $4.60/MMBtu by March 11.

      Max Gostelow of Platts said “While there are still valid concerns that 2016 will be an oversupplied market for most of the year, it’s evident that if buyers all adopt the same attitude and all wait for prices to bottom out before entering the market to buy cargoes, then we could definitely see more volatility in the markets like what has happened in early March.”

      He added, however, that the price recovery has stalled as the market expects sellers who had bid unsuccessfully into Argentina’s 15-cargo tender to make those volumes available to the spot market.

      “We are also noticing that the Qataris are growing increasingly competitive on price due to their long position, and offering very good price for volumes delivered to their term buyers,” Gostelow said.

      The price of fuel oil, a possible competing fuel, decreased 53.6 percent year over year, while thermal coal was down 24.8 percent from the same month in 2015.
      Avatar
      schrieb am 14.04.16 08:27:45
      Beitrag Nr. 66 ()
      ein neuer Markt:
      Minister Panenic: Croatia opts for floating LNG facility

      Croatian economy minister Tomislav Panenic said the country is looking to have a floating LNG terminal completed in 2018.

      Panenic told Reuters, that although Croatia opted for the floating LNG option, it has not fully excluded the construction of the land-based terminal.

      Currently, Croatia believes the market stability could be ensured by setting up the floating LNG terminal, Panenic said.

      Initial capacity of the terminal is said to be around two billion cubic meters of gas per year, lot less than the 6 billion cubic meters of annual capacity planned for the land-based terminal.

      The land-based terminal on the Island of Krk would include a tanker jetty, two LNG storage tanks with a total storage capacity of up to 360,000 cbm.

      European Investment Bank began its appraisal of the project based on the proposed land-based option, as it could fund up to €339 million of the project’s total cost that is in the region of €678 million.

      Additionally, it was reported in March that the United States are willing to help with the construction of the gas transmission system that would integrate the LNG terminal into the existing Croatian network.

      Panenic added that Croatian government is working on legal amendments that would simplify and speed up the investment procedure. According to Panenic, new legislation should be set within the next six to 12 months.
      Avatar
      schrieb am 25.04.16 22:46:01
      Beitrag Nr. 67 ()
      BIG picture:
      http://en.trend.az/business/energy/2523752.html


      Craze for LNG
      22 April 2016 17:41 (UTC+04:00)

      Baku, Azerbaijan, Apr. 22
      By Vagif Sharifov - Trend:

      Pricing policy of only one man, John D. Rockefeller, led to a decrease in the cost of kerosene in the US oil products' market of the late 19th century from 26 cents to eight cents per gallon during 15 years, while the market share of the Standard Oil Company led by him increased from 4 percent to 80 percent.

      Rockefeller was able to achieve such business growth largely due to discounts on kerosene transportation he obtained from the railroad workers, as well as the scale effect policy, when the price of a product decreases, the margin decreases, and the number of end consumers grows.

      A flexible supplier, who was the first to deliver cheap kerosene in every house, and the end consumer, who started to pay less for the product, are the ones who win in this situation. Rivals, who didn't catch up with the flexible supplier, lose.


      History repeats itself

      Recent news from the natural gas market make it clear that the US prepares to start new scale effect policy, however, this time in the world, and not with kerosene, but with liquefied natural gas, which has been in excess there recently. It seems that Rockefeller's distant neighbors from the US state of Louisiana got their teeth into gas prices for consumers in Europe.

      In late April, for the first time, the US will deliver nearly 100,000 tons of liquefied natural gas (LNG) on a tanker to Portugal. It's clear that the batch, which makes nearly 140 million cubic meters of natural gas, serves only, so to speak, to test the route to Europe, but it's obvious that this is already the beginning of a new era in the European economy of oil and gas, energy security and diversification of energy supply sources so beloved to Europe.

      Europeans are not against such developments, since it will positively affect them. The competition between the business giants, between countries only benefits Europe which always supports an open gas market.

      The high gas prices for an ordinary resident of the Old World are made up of several components, including the price for the natural gas, the cost of its distribution and storage, the tax for energy and the value-added tax.


      The gas price in Europe

      Averagely, the highest gas prices for consumers are recorded in Sweden, Portugal and Denmark, while the lowest prices are in Romania, Hungary and Lithuania.

      The gas prices for consumers are high because Europe imports around 60 percent of the consumed fuel. This is while the wide range of prices is a result of the geographical features, location, the existence of gas transportation infrastructure and gas storage facilities and the tax legislation. For example, the gas price in Sweden is three times higher than in Romania.

      In Sweden, the smallest share in the gas price breakdown accounts for the taxes, while the largest share accounts for its distribution and storage.

      On the contrary, in Lisbon, the gas distribution and storage accounts for a larger share in the final price than the gas price.

      This is while in London, the gas price accounts for more than half of the final price.

      On average, the cost of the gas distribution and storage reaches the gas price in the final price of the fuel for consumers.


      What the US can change?

      In the future, the US liquefied natural gas can reduce gas prices in Europe due to a price war with the current largest suppliers - Russia, Norway and Algeria. The experts working in the Caspian gas market believe that Americans will start with $150-160 per 1,000 cubic meters in order to immediately show their price advantage in Europe before the Russian Gazprom, which they see as their main competitor, because this company covers a third of the gas demand in Europe. It will force Gazprom to think seriously about reducing the prices, for example, to $100-120 per 1,000 cubic meters versus the current $200 on average in Europe. Algeria and Norway will be automatically forced to join the general decline in prices.

      The issue of gas consumption growth in Europe will especially be acute since 2017, when it is planned to give up using the old coal plants in the European Union due to environmental considerations. The power plants will be switched to the gas mode. Moreover, Germany fully intends to abandon the operation of nuclear power plants in less than five years for security reasons that will cause an additional demand for gas in this country due to the lack of the alternative energy's development at the appropriate level.


      A plenty of gas

      If at first, the efficiency of the gas exports proves to be not very high for the US, then the Americans will still continue working in this direction. The reason is that the excess of shale gas in the US, warm winter this year force businesses to look for new sales markets.

      The US plans to become a net gas exporter in the next two years. Europe is perfect for such a plan. While considering the statistics of the Energy Information Administration (EIA) of the US Department of Energy, it becomes clear that of course, the shale gas companies in the US are concerned about the low world energy prices.

      But this will not force these companies to close the wells and stop the gas production. According to the estimation, closing of the gas wells would cause more damage to the business than their continued use in the current economic conditions.

      Cheniere Energy has become a supplier of the US first LNG to Europe. It seems that neither a threat of stiff competition nor low world hydrocarbon prices without the optimistic prospects for an increase stops Cheniere management's active preparation for export in the world.

      For example, the company's website says that Cheniere is building additional infrastructure for the export of approximately 31.5 million tons of LNG per year, which is more than 44 billion cubic meters (bcm) of natural gas per year.

      If we take into account that Europe consumed almost 430 bcm of gas in 2015, 60 percent of which has been imported, only Cheniere will theoretically be able to ensure 15-20 percent of European imports. And this is only Cheniere's additional infrastructure, excluding the current one, from which the tanker was shipped to Europe.
      Avatar
      schrieb am 26.04.16 06:44:51
      Beitrag Nr. 68 ()
      Platts: spot LNG prices to Asia lowest since 2009
      Prices of spot market LNG for May delivery to Asia averaged US$4.24 per MMBtu, according to latest Platts Japan/Korea Marker data for month-ahead delivery.

      At $4.241/MMBtu, the April JKM was 42.5 percent below prices for the same delivery month in 2015, Platts’ report reveals.

      The marker for April delivery was also at the lowest monthly average level seen since July 2009, when the monthly average for August delivered cargoes was $4.23/MMBtu, Platts historical records show.

      Over the course of the assessment period, buyers in North Asia continued to have limited demand for incremental supplies, instead relying mostly on contracted volume to meet their downstream demand. Most of the activity came from buyers in India and the Middle East, who had the appetite for LNG spot cargoes at these lower prices and who expected to have demand for incremental spot market supply demand over the next few months.

      “There has been smooth-flowing production from Sabine Pass in the U.S., which has so far shipped 6 cargoes since starting in May, and Angola is due to restart and load its first cargo by the end of April,” said Platts’ Max Gostelow said.

      “Sentiment for May and June remained bearish due to expectations of production flows from these projects as well as multiple unsold cargoes in the Asia-Pacific region, which combined will more than compensate for volumes lost when Australia’s Gorgon LNG plant shut unexpectedly in early April following problems with its propane refrigerant circuitry.”

      The price of fuel oil, a possible competing fuel to LNG, decreased 43.8 percent year over year for the latest delivery month, while thermal coal was down 17.1 percent from the same month in 2015.
      Avatar
      schrieb am 27.04.16 10:01:22
      Beitrag Nr. 69 ()
      Pakistan: The Manacled LNG Player
      http://oilpro.com/post/24025/pakistan-manacled-lng-player?

      The last 12 months have seen 3 new LNG consumers added to the growing mix of converts to this cool energy form - Egypt, Jordan and Pakistan. All have implemented quick FSRU solutions in order to get into the LNG game and all of them are pretty classic baseload markets with otherwise pretty predictable, and massive needs.

      The LNG world has been a harsh world for a buyer of the commodity for the 10 years up to 2015. Laying your hands on the cool stuff was deemed to be almost impossible as prices were sky high and the Japanese suction sound drowned out all fringe developments.

      This is different now as the world goes into LNG oversupply mode and sellers start to look at options they have not even looked at with a smirk just 18 months earlier.


      Focus on Pakistan

      Pakistan is the 21st gas consuming nation on this planet and its sixth most populous country. It's a gas producing nation and has enormous potential for shale and tight gas. Despite the upstream vigour, the countries reserve replacement ratio since 2005 is either flat or outright falling. Whatever the potential in the ground, it seems like the country cannot materialize it.

      But it would need to urgently. There are gas and power shortages that cripple the economy. Gas is rationed in a country that is - with about 275,000 vehicles running on CNG - still one of the biggest users for methane as a vehicle fuel in the world. This makes the pro rata of CNG vehicles go down as due to the gas shortage, the government even discourages CNG as a vehicle fuel now. It's a pretty clear policy of the government to phase out CNG altogether.

      The country's total energy balance makes it half as big as the UK and 32% of that comes from Natural Gas. But the constant shortage of gas also has a negative effect on GDP. Utilities burn Fuel Oil in order to shore up power systems and it also imports lots of refined products as the refineries of the country can't cope with demand.

      Load shedding is a major issue in the country and affects all parts of it now. Fertilizer plants cannot operate because of the constant load shedding and make huge losses which they blame on the ineffective government and broken utilities. A couple of lawsuits are running right now.

      As of today, Pakistan has a shortfall of between 20-25 bcm per year. That's at least what the numbers say but it can safely be assumed that if there would be reliable gas supply in place and people would see it coming forward, gas use would go through the roof. And as Pakistan cannot cover its gas shortfall by itself - it needs to import.

      With those demand figures and big gas exporting nations not super far away, it's tempting to look at pipelines and there are two proposals that have produced lots of waves by media and other. The IP pipeline from Iran to Pakistan and the TAPI project which would bring Turkmen gas through Afghanistan to Pakistan.

      Both projects have been around for a while but failed to materialize due to numerous obstacles. Most importantly, securing a high-pressure tube over thousands of kilometers of territory - where lots of people hold a grudge and like to blow things up as a result - is certainly not the easiest venture. Maybe the visit of the Iranian President Rohani will change something here. The will to act seems to be strong.

      Pipelines are still not easy to run through such wild lands as is Baluchistan which is why Pakistan has turned its gaze towards LNG already quite a while ago. But here again, the going was all but easy.

      They tried 10 years ago with the Mashal project which was halted.

      4gas ran a project that was supposed to be integrated but that was subsequently split in two where 4gas would have to take care of the building and running the terminal and GDF-Suez was charged with getting supply. This project was halted by the Supreme Court in 2010.

      There were tenders again in 2012 that once more got stuck in the administration noodle soup.

      Another problem is also the attitude of the government which through OGRA dictates prices the gas utilities can charge which forms a ceiling at which an LNG seller can sell and this ceiling was always too low for comfort. OGRA also requires very stiff supply guarantees and usually also a right to first purchase on all gas which is very hard to swallow as it automatically makes all other customers interruptible, and hence lessening the value of the service.

      They also require a supply guarantee which in today's market should not be hard to organize. However, they always look at floating schemes and those plants are very hard to run on a baseload basis. When a tanker comes and the tanks are not really, really empty - you are toast. Conversely, if the tanks run low and the next cargo does not show up for whatever reason - it's blackout time for lots of folks.

      So far, only one Floating Storage and Regasification Unit is operating and its too soon to call in the operational data. The first Qatari cargo calling on Port Qasim has been processed so we all watch how this peters out. Only Excellerate has engaged so far and it seems that they did not have to bother with those many guarantees as today's developers are required to. They would not have come otherwise.

      Let's be serious folks. FLNG is an admirable technology and it most certainly does wonders in some places with itsy, bitsy needs of LNG like some peak shaving in Kuwait or in Brazil but Pakistan is no such case. But as we learned lately, even Kuwait is having a change of heart and is builidng an onshore terminal now.

      Pakistan is a country with massive, yearlong needs and a huge market that will grow at breakneck speed once customers can be sure that the gas stays on. The thing to do is a big baseload, onshore terminal such as you find them in most other big economies. Only those can assure to deliver what Pakistan needs as they provide the operational flexibility and comfort needed by such a big market.

      There are some storage sites, the closest of which is Nawakshah which can be used to help stabilise send out profiles and most of the pipeage is there to bring the gas as far north as Lahore so some dab of compressing power here and there might just do but much of the demand is in and around Karachi anyhow.

      It would be a shame that a country that is among the biggest planetary users of CNG stopped doing so just because there is no more gas.
      Avatar
      schrieb am 02.05.16 10:09:12
      Beitrag Nr. 70 ()
      Floating Regasification – A Reality Check
      http://www.lng.guru/floating-regasification-reality-check/
      POSTED BY: RUDOLF HUBER MAY 1, 2016


      Many years ago, an old sea bear and meanwhile a good friend told me that whatever you do on land gets inevitably harder when you are on the water. Space is confined and processes that have been designed for still land are exposed to all kinds of movements.

      This simple deduction stuck with me and shaped my thinking when it comes to industrial processes off the shore – especially when it comes to LNG.

      At the last GasTech, FSRU’s were all the rage. No wonder as those vessels are being noted as technologically mature by now. They also appear to be a quick way to get LNG into a yet to be developed market for LNG. And to be totally open with you – this reasoning strikes more than just a cord with any sane person.

      Tuck the processing part of the receiving terminal onto the vessel and henceforth you deliver Natural Gas, not a super-cold liquid that needs processing before it can be used. Besides, all the design, engineering and building part can be done in the dock of a shipyard instead of some point in the total wilderness (potentially) providing lots of savings as the plants comes all built up, pre-tried, pre-stress tested to the theater of operations. Wherever this may be.

      Cool …

      However, no matter how cool those vessels are (hey, they are truly neat and I have nothing but admiration for the folks putting those swimming processing plants together), they are no key to eternal bliss for each and everyone wanting to have a quick regasification terminal up and running in little time.

      FSRU’s are still basically a ship with its constrained deck space where industrial processes must be performed in perpetual movement. That’s not a technological problem as the processes involved do not much more than exchanging heat. It rather is a problem of putting things – that were designed for operations from the solid ground – onto a wallowing deck. Those are really big boats, so they cannot enter any little bitsy harbor just as LNG Carriers can’t go everywhere. Even some deepwater harbors need dredging in order to put those FSRU’s there.

      But for all their enormous size, compared to the storage capacity of even a smaller terminal, they are very restricted. Let’s imagine a 300,000 m3 LNG terminal with two 150,000 m3 tanks. That’s not really super large – but a decent size. If a vessel with 145,000 m3 of LNG comes in (and that’s more or less what you see most often today), one tank is likely enough to discharge the entire vessel. If there is something left – because the chosen tank has not been really empty – there is a strong chance that the other tank can take the overspill.

      And even with the comfort of this kind of tank capacity, making sure that the next vessel can dump his entire cargo at once, is one of the most important things on the mind of any terminal manager.

      Now imagine this same vessel arrives at a 150,000 m3 FSRU – which is not the most uncommon size by the way. The FSRU is just a sliver bigger than the cargo vessel so the terminal manager needs to make sure to really, really empty his tanks before the new LNGC comes to dump.

      If then, the cargo vessel just shows up one day late because there was some event (storm, machines broke down, …) then there is no more LNG left to vaporize and send out capacity of the terminal goes to zero. In the worst case and if the delay becomes substantial, the FSRU warms up which means tanks need to be cooled down before the transport vessel can unload which again needs time putting further strain on the supply chain. This is all manageable, but as there always needs to be plenty of time spacing between the slots in order to be sure that there is no bust-up, running those terminals on baseload is elusive.

      The numbers advanced by the FSRU owners and operators are all prettied up as they claim that an FSRU can run like an onshore terminal. They look good in theory but anyone who has expertise in running an FSRU’s will be blunt about it. They never work like clockwork in real life. Too small and too many things messing with operations.

      Let’s come to cost. It is often said that an FSRU is less investment than an onshore terminal. The problem is that the CAPEX, that sits in an onshore terminal, is transformed into a Time Charter in this case which makes it look a bit like the upfront investment is much smaller. In reality, it’s just the very same CAPEX items that have been transformed into OPEX and hence payable during the life of the terminal and those Time Charters come very expensively.

      Any FSRU is always a lot more expensive than an onshore terminal of the same size.

      Our 300,000 m3 terminal could today be built for around 400 MM USD or a sliver more and very low OPEX depending of course very strongly on the local conditions. I know that there are higher numbers out there but the LNG building hype is over now so trust me, this can be done for 400MM. There might be cases where some special work needs to be conducted so this makes the final bill a little higher but generally that’s the ballpark we are in.

      The FSRU will cost about 100 MM (there are still jetties, pipe connections and potentially a lot of dredging) in upfront investment with steep Time Charters to pay thereon. Plus, the FSRU is much smaller (about half size) and hence much less throughput can be processed which makes it an infinitely less useful terminal for the user (remember the small tank?).

      Let’s do the math. 400 MM minus 100 MM is 300 MM CAPEX less for the FSRU. But there is still the Time Charter (no onshore terminal pays this) which is today easy 100,000 per day which means 36.5 MM per year. This means that in about 7 years, the Time Charter has paid for the tanks and from this point on the regas terminal comes comparatively real cheap. The numbers are of course not that simple as the onshore terminal still has OPEX but this is still a far cry from the FSRU in terms of total cash.

      Let’s attack the time factor now. FSRU’s are essentially ready to go instantly.

      Really?

      First, there need to be preparations at the harbor of operation for the FSRU which take usually around a year to complete. But then, you really need to have an FSRU ready for action. But since LNG has become real cheap now and as those prices are expected to stay low for a little while, there suddenly is enormous demand for FSRU’s. Now they are hard to get and if you ever get one, you will pay a really steep price. The times of cheap FSRU’s are over – at least for a little while. So waiting for an FSRU to be available for your project might make you wait for years. Or you pay high. Pick your torture.

      Are FSRU’s all bad then? Absolutely not.

      If they are used the right way, they are technical marvels that will serve you well if you understand your own situation well and know what you are doing. You must use them the right way for the right set of circumstances to give you pleasure.

      So, what’s the right use then?

      Let’s come back to the size of the vessel for a moment. Most of the new built FSRU’s in the shipyards today are in the 170,000 m3 range. This means, that one can safely unload vessels up to 150,000 m3 there at once which will cover most of the LNGC fleet of this planet. Still, this means that every time they want to take in a new load, they must go very close to their heel in order to make enough space which means that the dance of the vessels must be really well choreographed. There is no demand variation that can be accommodated with this arrangement. Or variation is built artificially at astronomic cost as the real throughput of your installation goes down a lot or the transport chain involves a lot of LNGC vessel parking.

      If there is an LNG hub nearby that is willing and able to dispatch a vessel at short notice in order to keep the terminal running, this might just work out for you. Better still if the nearby hub dispatches much smaller vessels still (let’s say a 125,000 m3 as this would enable the FSRU to keep significant spare for the next vessel and the dance of the vessels does not have to be so precarious. In those instances, FSRU’s are great tools to open a new market or hook a city that has no access to gas otherwise into the network.

      But if there are strong demand variations, if the terminal is far away from any potential hub (and I will define the notion of LNG hub a bit further in another post) or if the throughput needs are colossal, skip the FSRU and go for the steel and mortar kind. It’s going to take you a little longer to get it up and running but it will save you a big wad of bucks and it’s not going to make you mad as you will be able to tailor its operations to your needs.

      Plus, if ever you think of expanding for whatever reason, you just put another tank or some more vaporizers there.

      However, if you really need a quick solution, put an FSU (Floating Storage Unit) which is essentially a regular transport vessel fixed on a berth and acting as a floating tank, put some vaporizers on the ground (that’s, not the dealbreaker, believe me) and you will need the jetty anyhow and build the onshore tanks while your FSU makes up for them fully knowing that the current mess is not going to last.

      FSRU’s are great for peak markets where for some months demand just goes through the roof for a little while and they need a way to cover that. That’s Brazil, that’s Kuwait, that’s Dubai. In those peak markets, the peaks are so incredibly expensive that even a super expensive FSRU makes sense. Anything makes sense there if it just works. However, in a baseload market, you need something more solid.

      You need a big, classic, solid, reliable, concrete gray, onshore terminal on your coast, not a flimsy FSRU.
      Avatar
      schrieb am 03.05.16 09:11:25
      Beitrag Nr. 71 ()
      interessante Quelle:
      http://www.giignl.org

      u.a.
      Avatar
      schrieb am 09.05.16 00:13:19
      Beitrag Nr. 72 ()
      LNG Buyers Dreading 2040 Try to Renegotiate Amid Supply Glut
      Dan Murtaugh

      May 6, 2016 — 1:00 AM CEST Updated on May 6, 2016 — 11:17 AM CEST


      Less than 15% of contracted volumes expiring in next 5 years
      Some LNG buyers are tied to deals lasting through 2040
      For LNG buyers, 2040 is beginning to feel even further away.



      Just a few years ago, faced with limited supply and relentless demand growth, liquefied natural gas buyers were happy to lock in contracts that ran through nearly the middle of the century, often paying prices linked to the cost of oil. Now, as the market moves deeper into oversupply, being tied to a producer for the next two decades is shifting from a blessing to a curse.

      Less than 15 percent of long-term LNG supply contracts will expire in the next five years, according to data compiled by Bloomberg. Meanwhile, new projects in Australia and the U.S. are saturating the world with LNG, depressing spot prices this year in Asia’s energy trading hub of Singapore even as oil has risen about 20 percent. That’s giving buyers the incentive to try to renegotiate their deals with suppliers, according to analysts at Citigroup Inc. and Energy Aspects Ltd.

      “Serious tensions will be seen in the market when oil starts transitioning to higher levels, driving contracted gas prices upwards,” Trevor Sikorski, an analyst with Energy Aspects in London, said by e-mail. “At the same time, the LNG spot market should stay low -- and that wider gap between the two prices will mean a number of buyers unhappy with that spread and this will drive calls for renegotiation.”


      Buyers Emboldened

      Petronet LNG Ltd. in December renegotiated its deal with Qatar’s RasGas Co., resulting in a drop by more than half of the price the Indian importer was paying. China National Petroleum Corp. wants new prices in its deal with Qatar, Chairman Wang Yilin said in March. Cnooc Ltd. Vice President Li Hui said last month the company is negotiating within its existing contract with Royal Dutch Shell Plc’s BG Group unit for 8.6 million tons of LNG a year.

      Petronet’s negotiations allowed it to drop the price it’s paying for LNG to less than $5 per million British thermal unit, Oil Minister Dharmendra Pradhan said last week. The price was about $13 last year. In return, Petronet agreed to increase it’s purchases from Qatar.

      “For India, achieving a low LNG import price at less than $5 per million Btu, based on prevailing oil prices through contract renegotiation, should embolden other parties to press for similar or even better terms,” Citigroup analysts including Ed Morse said in a research note Thursday. “Indeed, Asian buyers appear to be waiting for LNG sellers to acquiesce amid the looming oversupply.”


      Breaking the Oil Link

      Spot LNG in Singapore was assessed at $4.443 per million British thermal units May 3, down 33 percent this year, according to Singapore Exchange Ltd. Brent crude was at $44.93 a barrel at 10:16 a.m. London time.

      About two-thirds of 160 long-term contracts with known commercial terms are linked to oil prices, according to data compiled by Bloomberg. That includes deals signed in 2009 in which Osaka Gas Co. Ltd and Chubu Electric Power Co. Inc. agreed to pay Chevron Corp. for LNG from the Gorgon project in northwest Australia based on Japanese crude import costs through 2040.

      Buyers will try to change the basis of their deals from an oil-based index to a natural gas index such as Henry Hub in the U.S. to protect against an expected divergence in oil and gas prices, Sikorski said. The crash in energy prices has made other hedging options more affordable, said Melissa Stark, energy managing director and global LNG lead at Accenture. Importers can invest in midstream assets, like shipping and storage, or even buy stakes in U.S. shale projects and fields.

      “There are more options for buyers,” Stark said by e-mail. “But with these options come more complexity, the need for trading and risk management capability.”

      As some long-term contracts end, buyers will be looking to enter deals that are shorter in duration and smaller in volume, Gautam Sudhakar, IHS Inc.’s director of global LNG, said by e-mail. Projects that supply LNG for these expiring contracts are typically older and have paid off debts, so they will be able to add supply at competitive prices to the spot and short-term markets, he said.
      Avatar
      schrieb am 18.05.16 10:21:26
      Beitrag Nr. 73 ()
      South Africa establishes LNG import unit
      South Africa has set up the Gas Industrialization Unit with the initial focus of importing LNG to use as fuel for power generation.

      Garth Stachan, a deputy director general at the Department of Trade and Industry said South Africa could be importing at least 3 million tons of LNG to reduce the country’s dependence on coal-fired power, Bloomberg reports.

      New government’s unit requires a final approval from the energy ministry.

      Additionally, South Africa’s GIU intends to use domestic sources of natural gas, for its gas-to-power program under which the country plans to add 3,126 megawatts of capacity between 2019 and 2025, according to the report.

      The government also plans to clarify the rules for the production and transportation of natural gas in order to enable the development of the country’s shale gas reserves in the Karoo region.

      Strachan was further quoted as saying that the Gas Industrialization Unit is looking into the possibility of booking supplies from Mozambique and Botswana.

      Ammong companies interested in supplying South Africa with LNG is Houston-based Cheniere.
      Avatar
      schrieb am 27.05.16 08:18:50
      Beitrag Nr. 74 ()
      Platts: June spot LNG prices to Asia slide
      Prices of spot LNG for delivery to Asia averaged US$4.461 per mmBtu for June, according to the latest Platts Japan/Korea Marker data for month-ahead delivery.

      At $4.461/mmBtu, the June JKM was 37.4 percent below prices for the same delivery month in 2015.

      Platts added the marker was mixed over the course of the assessment period. After starting the period at $4/mmBtu on April 18, it steadily climbed to reach a peak of $4.75/mmBtu on April 28, before softening to $4.45/mmBtu by May 9.

      “At such low price levels, offers to Asia started to become more influenced by European onshore gas markets,” said Max Gostelow of S&P Global Platts.

      As valued at the U.K. National Balancing Point (NBP) hub, front-month natural gas futures averaged $4.181/mmBtu during the April 18-May 13 period, up 6.7 percent from the previous month’s average of $3.918/mmBtu, added Gostelow.

      “This caused the JKM-NBP price spread to narrow to $0.35/mmBtu for the assessment period, down 5.5 percent from a month earlier,” he said.

      At such a tight price spread, offers cargoes delivered to the Asia region tended to rise, also supported by U.K. NBP natural gas and stronger Brent crude oil prices, Gostelow said.

      In the financial markets, Platts JKM swaps picked up activity in April, breaking the previous record amount of trading activity set just two months earlier in February. A record 1,295 lots of the JKM swaps changed hands and were cleared through Intercontinental Exchange (ICE) in April, the equivalent of more than four standard-size LNG cargoes, according to ICE data. April’s activity eclipsed the previous record by more than 56 percent.

      The price of fuel oil, a possible competing fuel to LNG, decreased 44.7 percent year over year, while thermal coal was down 8.7 percent from the same month in 2015, Platts said.
      Avatar
      schrieb am 30.05.16 10:14:11
      Beitrag Nr. 75 ()
      http://www.lng.guru/first-german-lng-terminal/

      Auszug:

      "LNG is not like oil – it’s not like any other energy product. Despite all the banter on the commoditization of LNG for the last couple of years, this is still a very exotic business with a limited set of players and very stiff supply lines. There is no generalized market for LNG yet which makes a generic valuation of anything almost impossible.

      This means that in order to offer flexible supply deals to those clients that are ready to pay extra for delivery flexibility, you need to have a place where you can bring LNG produced when those premium clients don’t need it. I just said, there is no generalized market that allows you to sell off volumes quickly and cut your exposure while keeping the risk position in tight check. The worst position is that you have to emergency-sell the cargo far below value – making you lose a fortune.

      Why would a client need such flexibility? Seasonality of demand is the first reason, but there are many others. LNG is produced in a stable flow of product throughout the year and it needs a commercial exit valve. It always needs a place to go and it the one place cannot take it for whatever reason, it needs an alternative.

      And here – a potential German terminal proposal comes in. Such an exit valve for surplus LNG is called a sink terminal as such a terminal allows excess cargos to be sunk into a market that will swallow it at any time and for almost any volume. This also means that the market is capable of swallowing big lumps of gas in short order and there are just not too many places like this on earth. North America is one, but shale gas has made this part of the world an export play and hence the sink distinction goes away.

      The only other place that earns the title is North Western Europe, and with that I mean a short stretch of coastline from the french “Pas de Callais” up to the German city of Hamburg plus Southern England and Wales. This is the only other place on earth where a big, liberalized market complete with liquid gas hubs and plenty of storage and pipeline capacity exists.

      There are 6 LNG receiving terminals currently operating in this area of the world, only 3 of them on the continental coast and none of them in Germany. And they are the only thing on earth between the biggest wave of LNG oversupply ever, and LNG liquefaction ventures potentially having to switch off multi-billion dollar terminals as the world cannot take the LNG anymore. Those receiving sink terminals will operate to the breaking point for a real long time and the LNG world sure can use all the relief those terminals can possibly provide."
      Avatar
      schrieb am 10.06.16 09:13:34
      Beitrag Nr. 76 ()
      Japan’s spot LNG price drops further in May
      The price of spot liquefied natural gas imported into Japan continues its drop hitting new record lows in the month of May.

      According to the monthly report issued by Japan’s Ministry of Economy, Trade and Industry (METI), the price of spot LNG cargoes arriving in May reached US$4.3 per mmBtu on DES basis.

      Compared to the month of April the price dropped $1.5 or 25.9 percent, reaching its lowest point since the ministry started publishing monthly reports in March 2014.

      The price of contract-based spot LNG cargoes for May was $4.1 per mmBtu, the report shows.

      Only spot LNG cargoes are taken into account in this assessments, excluding short, medium and long-term contract cargoes, as well as those linked to a particular price index.
      4 Antworten
      Avatar
      schrieb am 10.06.16 12:03:20
      Beitrag Nr. 77 ()
      Antwort auf Beitrag Nr.: 52.584.764 von R-BgO am 10.06.16 09:13:34
      EIA: Henry Hub spot gas price averaged Antwort auf Beitrag Nr.: 52.584.764 von R-BgO am 10.06.16 09:13:34.92/MMBtu in May
      The Henry Hub natural gas spot price averaged $1.92/MMBtu in May, unchanged from the average price in April, according to the U.S. Energy Information Administration.

      Through the 2015—16 winter, prices remained relatively low because of lower demand as a result of warmer-than-normal temperatures, record inventory levels, and production growth, EIA said.

      EIA expects natural gas prices will gradually rise through the summer, as demand from the electric power sector increases, but forecast prices remain lower than they were last summer.

      Monthly average Henry Hub spot prices are forecast to remain lower than $3.00/MMBtu through the end of 2016.

      Forecast Henry Hub natural gas prices average $2.22/MMBtu in 2016 and $2.96/MMBtu in 2017, the agency said in its latest Short-Term Energy Outlook (STEO).

      Natural gas futures contracts for September 2016 delivery that were traded during the five-day period ending June 2 averaged $2.42/MMBtu.

      Current options and futures prices imply that market participants place the lower and upper bounds for the 95% confidence interval for September 2016 contracts at $1.64/MMBtu and $3.58/MMBtu, respectively.

      In early June 2015, the natural gas futures contract for September 2015 delivery averaged $2.69/MMBtu, and the corresponding lower and upper limits of the 95% confidence interval were $1.79/MMBtu and $4.03/MMBtu, EIA said.

      Gas production and trade

      EIA said its most recent survey data indicate a decline in natural gas production in March.

      EIA expects production to rise only slightly through the rest of 2016 because of low natural gas prices and declining rig activity. In 2017, production is expected to rise in response to forecast price increases and increases in liquefied natural gas (LNG) exports. Overall, EIA expects production to rise by 1.0% in 2016 and by 2.3% in 2017.

      In 2017, production is expected to rise in response to forecast price increases and increases in liquefied natural gas (LNG) exports. Overall, EIA expects production to rise by 1.0% in 2016 and by 2.3% in 2017.

      EIA expects natural gas exports by pipeline to Mexico will increase because of growing demand from Mexico’s electric power sector and flat natural gas production in Mexico.

      EIA projects LNG gross exports will rise to an average of 0.5 Bcf/d in 2016, with the startup of Cheniere’s Sabine Pass LNG liquefaction plant in Louisiana, which sent out its first cargo in February 2016. EIA projects gross LNG exports will average 1.3 Bcf/d in

      The agency projects gross LNG exports will average 1.3 Bcf/d in 2017, as Sabine Pass ramps up its capacity.



      Source: EIA
      1 Antwort
      Avatar
      schrieb am 10.06.16 12:23:14
      Beitrag Nr. 78 ()
      IEA: market rebalancing will take longer for gas than for oil

      The process of market rebalancing is likely to take longer for gas than for oil, according to the International Energy Agency (IEA).

      While the IEA expects global oil markets to start rebalancing in 2017, it does not foresee oversupply in traded gas markets improving meaningfully before the end of the decade, the agency said Wednesday in its Medium-Term Gas Market Report.

      According to the IEA, gas is faced with the twin challenge of a large wave of price-inelastic supplies coming on line – the result of investment decisions taken when oil and gas prices were much higher – and structural changes on the demand side, mainly in the power sector.

      “These issues weigh on the degree of demand responsiveness to low prices. Slower generation growth, rock-bottom coal prices and robust deployment of renewables constrain gas’s ability to grow faster in today’s low-price environment,” the IEA said.

      Reversing a long-standing trend, gas usage in power is projected to grow more slowly than total demand; its share of incremental demand falls to one-third compared with almost half between 2009 and 2015.

      Global LNG export capacity is forecast to increase by 45% between 2015 and 2021, 90% of which originates from the United States and Australia. Almost all of the projected increase comes from investment decisions already taken, the IEA said.

      A substantial amount of capital has already been allocated for these projects, many of which are at an advanced stage of development and backed by long-term contracts. Today’s low prices, therefore, will have little impact on the execution of these projects, the Paris-based agency said.

      Barring any significant supply disruption, markets will “struggle to absorb these incremental supplies“.

      Europe’s flexibility to take in additional LNG is “limited” by slow demand growth, cheap coal, and competitive Russian supplies.

      “Demand in Japan and Korea – which today account for almost 50% of global LNG imports – is forecast to stagnate or even decline sharply depending on the scale of nuclear comeback in Japan. Latin America and the Middle East offer pockets of growth, but neither of these regions is a natural home market for base-load LNG imports“.

      “It is therefore clear that the trajectory of global gas markets – and how fast they rebalance – will depend on the scale of expansion in China and the rest of developing Asia,” the IEA said.

      According to the IEA, the region has potential for large growth in demand, but unlocking it requires progress on market and environmental regulation.

      A period of low prices could facilitate this task. It should also enable the build-out of new import infrastructure in regions with no or limited access to supplies. By 2021, LNG imports among developing Asian economies (including China) are forecast to increase by more than 100 bcm, the agency said.

      Despite this growth, projected demand is not sufficient to balance the market, particularly during 2017 and 2018.

      “As a result, global LNG export infrastructure will need to run below capacity. Utilisation is expected to recover by the end of the forecast period, but it is unlikely to reach the high levels of 2011-12,” the IEA said.
      Avatar
      schrieb am 28.06.16 11:14:22
      Beitrag Nr. 79 ()
      Qatar National Bank: LNG market to be oversupplied until 2020
      The liquefied natural gas (LNG) market is expected to be oversupplied over the next few years due to the start-up of new projects in Australia, the U.S. and Russia, according to a report by the Qatar National Bank.

      High oil prices in the past, to which LNG contracts are linked, have encouraged the start-up of various projects around the world. Supply from these projects is expected to come into the market over the next few years.

      As a result, the market is expected to be “over-supplied up to 2020”, QNB said in the report on Sunday adding that, beyond 2020, the market is likely to be “under-supplied as the current low oil price environment makes starting new projects unviable meaning that demand will eventually catch up”.

      According to the report, LNG supply capacity is expected to grow strongly by around 8% a year through 2020.

      The environment of high demand growth and high oil prices prior to 2014 led to a large number of LNG projects being considered globally in a number of countries. But the sharp reversal in oil prices since mid-2014 led to a re-evaluation of these projects.

      According to QNB, only a fraction of the considered projects is now expected to come on stream. In particular, those projects already under construction will probably be completed. But those in the earlier design or engineering stage could very well be scrapped, the bank said.

      Still, as a result of the projects already under construction, a large amount of LNG supply is expected to hit the market, especially from Australia, the US and Russia.


      Demand growth

      While the supply outlook is largely pre-determined by the progress on existing projects and is relatively insensitive to price movements, the picture for demand is less certain, QNB said.

      “But even under the bullish scenario of demand growth of 6% a year through 2020, it will still fall short of supply capacity.”

      Such strong demand growth could materialise under two conditions.

      First, natural gas replacing coal as feedstock for power generation in order to meet global environmental targets. This effect is expected to be particularly visible in China and Europe, QNB said

      Second, higher incomes, particularly in fast-growing emerging markets such as India, leading to increased demand for power and, consequently, for LNG, the bank said.


      “Cyclicality” to continue

      Putting together the demand and supply outlooks yields three implications.

      One, because demand growth is expected to fall short of supply, the LNG market is expected to be over-supplied in the next five years. Two, the over-supplied market is likely to exert downward pressure on spot prices. This could provide incentives for LNG buyers to purchase on the spot market rather than through long-term contracts. This in turn could lead to renegotiations of long-term contracts, which would impact suppliers, especially the newcomers, QNB said.

      Three, the drying up of the project pipeline (no new plants approved so far in 2016), the long lead time of LNG projects (five years or more) and the strong expected growth in demand as more environmental-friendly measures are implemented should lead to supply shortages beyond 2020, the bank said.

      In other words, the strong cyclicality in the LNG market should continue over the next decade, QNB concluded.
      Avatar
      schrieb am 11.07.16 11:04:49
      Beitrag Nr. 80 ()
      ein paar Preispunkte:
      http://www.lng.guru/lng-production-will-become-cheap-real-ch…


      --- "When I started to take an interest in LNG more than 10 years ago it was conventional wisdom that liquefaction would cost about 1,5 USD for every MMBtu that was to be liquefied. This number was always a bit hard to gauge accurately as what went into this number was widely different from project to project. Some projects had access to nice, clean, stabilized streams of feed-gas – no further refining necessary. On the other extreme where those with extensive upstream works to be factored in.

      However, whatever the variance in liquefaction cost was – it was pretty sure that the cost stack for FOB LNG would not be more than USD 2 per MMBtu. And there were plenty of LNG projects that were built in this price range.

      With the Egyptian plants, the low point for CAPEX cost of an LNG plant seemed to be reached and the industry speculated if and how far below the USD 400 per ton of installed capacity CAPEX would still drop.

      And suddenly the world went on a hyperbole and as if there was no technological progress for decades, costs spiraled out of control way beyond the USD 2000 per ton of installed capacity mark. That’s 5 times the cost of projects that were built just before. Australian projects plus the floating schemes represent the tip of the iceberg and it looks unlikely that those monsters would ever recoup their investment as long as market prices for LNG don’t rise up to way above USD 10 per MMBtu. We are a long way from that in the current market."


      ---"The world has gotten used to the notion that USD 2.- is cheap for feed-gas. I beg to remember that not very long ago, 0,6 USD/MMBtu was considered not bad for feed-gas. That’s an almost 4 fold price rise. Nothing to sneeze at.

      But the real fun will play out somewhere else. It’s the EPC part of the LNG terminal piece (both ends of the chain) as well as transport that will see the most radical innovation and subsequent cost drop."


      ---"I predict that cost for building will rapidly fall below USD 600 per ton installed capacity and the journey won’t end there as the former low marks are already some years old and can sure be beaten."


      ---"Let’s come back to our USD 1,50 for liquefaction. Take gas production out of the picture and I think we will go way below USD 1 pretty quick. I am not an engineer but I have an unshakeable belief in human ingenuity and the effects of price pressure and the battle for survival.

      Just imagine liquefaction goes down to USD 0,5 per MMBtu (just kidding – not really) and shipping goes real robotic (has anyone seen the Lloyds video on the future of unmanned shipping?) and crossing the Atlantic can hence be done for 0,5 USD or less plus regasification for much less than USD 0,5. Apply that to HH at USD 2 and you have LNG from the US in Europe on a full USD 3,5 cost stack."
      Avatar
      schrieb am 12.07.16 09:11:35
      Beitrag Nr. 81 ()
      Antwort auf Beitrag Nr.: 52.584.764 von R-BgO am 10.06.16 09:13:34
      Japan’s spot LNG price posts first rise in 2016
      The price of spot liquefied natural gas imported into Japan has shown the first glimpse of recovery in June following record lows in the previous two months.

      According to the monthly report issued by Japan’s Ministry of Economy, Trade and Industry (METI), the price of spot LNG cargoes arriving in June reached US$4.5 per mmBtu on DES basis.

      To remind, the price of spot cargoes arriving in May was at a record low of $4.3 per mmBtu.

      The price of spot cargoes contracted in May was at $4.1 per mmBtu while the ministry has not published the details on spot-LNG that was contracted in June 2016.

      Only spot LNG cargoes are taken into account in this assessments, excluding short, medium and long-term contract cargoes, as well as those linked to a particular price index.
      1 Antwort
      Avatar
      schrieb am 17.07.16 11:27:19
      Beitrag Nr. 82 ()
      Rising VLGCs fleet to put further pressure on LPG shipping rates
      in International Shipping News 19/05/2016

      http://www.hellenicshippingnews.com/rising-vlgcs-fleet-to-pu…

      LPG shipping freight rates are forecast to deteriorate further through 2016 as a result of the fast rising fleet of Very Large Gas Carriers (VLGCs) which has already started to impact earnings of smaller vessel classes, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Dreary.

      VLGC freight rates have been in free-fall since August 2015 as fleet growth has continued to outpace demand. Over this period as many as 41 VLGCs have been delivered and as a result, spot rates for these vessels touched a six-year low of $25 per tonne in April on the benchmark AG-Japan route. In line with falling spot rates, time charter rates for VLGCs have also come under pressure, averaging $800,000 per month in April, 55% down on the same period last year.

      However, the fast expanding VLGC fleet is now impacting Large Gas Carries (LGCs) and Medium Gas Carriers (MGCs) as a larger share of the LPG trade is being carried on VLGCs. As a result, demand for the two smaller vessel segments has been deteriorating leading to a decline in time charter rates for these ships. The below graph shows one-year time charter rates for three different size categories of LPG vessels.

      “At the end of April 2016 there were 117 vessels on order with each having a cargo carrying capacity of greater than 25,000 cbm. This means that the fleet will continue growing at a rapid pace in the three vessel size segments. As demand is not expected to match fleet growth, freight rates are therefore expected to come under further pressure in the months to come”, said Shresth Sharma, senior analyst, gas shipping at Drewry.
      Avatar
      schrieb am 17.07.16 13:44:46
      Beitrag Nr. 83 ()
      Das klingt alles sehr schlecht aber es kommen ja neue Terminal im September/Oktober von Philips 66 an den Markt und auch andere werden folgen man kann nur hoffen das die Schiffe aus gebraucht werden....

      Die Shipping Rates pro Tag sind auf 10 000 Dollar pro Tag bei Avance Gas gefallen.

      Ich frage mich wie will die Branche bei diesen Preisen überleben? Bei Kosten von 22,500 Dollar...

      Ich glaube BW LPG hat es richtig gemacht und "langfristige"Verträge gemacht über 3 Jahre das bringt etwas sicherheit......
      Avatar
      schrieb am 17.07.16 13:50:12
      Beitrag Nr. 84 ()
      Die Raten sind von 122 000 Dollar im Juli letzten Jahres auf gerade mal 9800 am Freitag abgesackt das ist ja wahnsinn......

      Das kann keine Firma lange überleben die auf "Spot"geht

      Aber eigentlich zieht der LPG bedarf ja weltweit an und man möchte in den nächsten Jahren bis 2020 glaube ich von 50 Millionen Tonnen auf ca 80 Millionen Tonnen verschiffen die USA sind da ja Vorreiter und China und Indien sind ganz scharf auf LPG und schlagen bei den günstigen Preisen bestimmt zu........

      Wie seht ihr die Frachtraten?

      es kommen in 2016 und 2017 nochmal ordentlich viele Schiffe und dann erstmal nicht mehr....
      Avatar
      schrieb am 29.07.16 08:42:12
      Beitrag Nr. 85 ()
      Drewry says 65 more LNG tanker orders needed by 2020

      Shipowners will need to order an additional 65 vessels by 2020 to meet LNG shipping demand as new supplies are coming on-stream, according to the shipping consultancy Drewry.

      Despite the current weakness in LNG shipping rates, Drewry “maintains its bullish long-term outlook” for LNG shipping and believes that the market will require more vessels than listed on the current orderbook, Drewry said in its latest “LNG Forecaster” report.

      Spot rates for dual fuel diesel electric LNG vessels have been hovering around $30,000 per day since the second quarter of last year, representing a decline of 80% compared to the last market peak in 2012, according to the consultancy.

      Strong fleet growth coupled with weak cargo demand has been the principle cause.

      “The impact of weak rates is clearly visible on falling newbuilding activity as only four LNG vessels had been ordered in the first six months of the year. By comparison, an average of 44 vessels per annum were ordered over the prior five-year period. Continuingly weak ordering is expected to slow fleet growth from 2019, exactly at the time by when almost all of the currently under-construction LNG plants will come online.”

      According to the report, the long-term outlook for LNG shipping is still strong and the limited new ordering is not based on market fundamentals.

      “The reason for our optimism is that almost 125 million tonnes of capacity is currently being built and there are plans for more. As a majority of the supply from plants under-construction has been contracted on long term agreements, it is likely that LNG will be traded so requiring more vessels”, said Shresth Sharma, Drewry’s lead LNG shipping analyst.

      “Despite a widened Panama Canal, new LNG export capacity due to come online by 2020 will require shipowners to order an additional 65 vessels over this period to meet shipping demand,” added Sharma.
      Avatar
      schrieb am 02.08.16 08:08:36
      Beitrag Nr. 86 ()
      China boosts LNG imports
      Liquefied natural gas imports into China, the world’s largest energy consumer, rose 28 percent in June as compared to the same month a year ago, according to the General Administration of Customs data.

      China imported 2.21 million mt of the chilled fuel in June, as compared to 1.72 million mt a year before, the data shows.

      According to the data, China paid about US$708.7 million for LNG imports in June, down 17.2 percent on year.

      The LNG import figures in the first half of this year rose 21.2 percent on year.

      The data reveals that China imported 11.56 million mt of the chilled fuel in H1, as compared to 9.49 million mt in 2015.

      China is currently the world’s third largest importer of LNG. The country is expected to require large volumes of the chilled fuel over the next decade as it is seeking to cut its addiction to coal to reduce pollution.
      Avatar
      schrieb am 24.08.16 13:32:54
      Beitrag Nr. 87 ()
      9 Antworten
      Avatar
      schrieb am 29.08.16 12:01:04
      Beitrag Nr. 88 ()
      Antwort auf Beitrag Nr.: 53.126.703 von R-BgO am 24.08.16 13:32:54
      und als Nächstes eine Russland-Analyse:
      http://www.lng.guru/russia-gas-europe-needs/

      ...wenn Gazprom tatsächlich irgendwann Probleme bekommen sollte, wird LNG umso interessanter
      8 Antworten
      Avatar
      schrieb am 20.09.16 11:12:11
      Beitrag Nr. 89 ()
      Recent development in the LNG market is expected to have a significant impact on both the construction of LNG carriers and the primary LNG trading routes, according to Douglas-Westwood (DW).

      The LNG carrier market currently faces over-supply and a combination of low commodity prices and a reduction in imports from key consumers such as Japan (following the re-start of its nuclear power stations), has resulted in a substantial decline in charter rates for LNG carriers.

      Rates have been pushed down to approximately US$25,000 a day, considerably below typical breakeven costs of $40,000, as DW notes that 36 carriers were delivered in 2015, and only four newbuilds having been ordered in 2016 so far.

      However, this trend is expected to change over the 2017-2021 period, due predominantly to liquefaction projects expected onstream in Australasia and North America. The USA is forecast to increase its LNG export capacity from 11 mmtpa in 2016 to 77 mmtpa by 2021. In the World LNG Market Forecast Report 2017-2021, DW forecasts the delivery of over 150 units yet to be ordered over the 2017-2021 period, in addition to the current order book, in order to satisfy this additional supply.

      With the increase in U.S. LNG exports, DW expects the diversification of the primary trade routes for LNG transportation. The recent expansion of the Panama Canal also provides a means for vessels travelling to Asia and South America from the Gulf Coast to reduce their voyage times. This is ultimately expected to introduce greater competition to LNG trading routes, DW says.
      1 Antwort
      Avatar
      schrieb am 26.09.16 08:53:24
      Beitrag Nr. 90 ()
      Antwort auf Beitrag Nr.: 52.586.801 von R-BgO am 10.06.16 12:03:20
      im Mai waren es noch 1,92$/mmbtu:
      hat sich etwas erholt


      EIA: Henry Hub price rises

      The Henry Hub spot price in the United States in the week ending September 21 rose 10¢ from last Wednesday, the Energy Information Administration said in its weekly report.

      The Henry Hub spot price rose from $3.04/million British thermal units (MMBtu) last Wednesday to $3.14/MMBtu two days ago, the EIA said in its report issued on Thursday.

      At the Chicago Citygate, prices increased 17¢ from $2.92/MMBtu last Wednesday to $3.09/MMBtu two day ago, while prices at PG&E Citygate in Northern California gained 14¢, rising from $3.42/MMBtu last Wednesday to $3.56/MMBtu this Wednesday, the EIA said.

      According to data from PointLogic, the average total supply of natural gas fell by 1% compared with the previous report week. Dry natural gas production decreased by 1% from the last report week. Average net imports from Canada decreased by 2%.
      Avatar
      schrieb am 04.10.16 09:26:15
      Beitrag Nr. 91 ()
      DW: prolonged low prices boost FLNG conversion market
      The LNG industry continues to struggle through a prolonged storm of low prices, with LNG spot prices struggling due to oversupply, according to the consultancy Douglas-Westwood.

      Henry Hub and Japan’s LNG spot prices declined by 28 percent and 57 percent respectively in August 2016 compared to the same period in 2014.

      A lower for longer scenario has led to a pause in the sanctioning of new build floating liquefaction units. In recent years, the conversion of existing LNG carriers to liquefaction facilities has been a popular development approach, this method is seen as a cheaper alternative, despite capacity restrictions, DW said in its report.

      The first converted liquefaction unit will be the GoFLNG Hili unit which is expected to start-up Q3 2017. This fledgling technology is forecast to experience a second wave of project start-ups by the end of the decade, with Golar’s Gimi and Gandria highlights of projects currently under consideration.

      Despite near-term concerns, Douglas Westwood’s World FLNG Market Forecast 2017-2022 expects Capex on FLNG facilities to total US$41.6 billion, with liquefaction units accounting for 59 percent of total spend.

      Expenditure on floating import facilities is forecast to total $16.9 billion, a 220 percent increase compared to the 2009-2015 period. This is due to a large number of projects going ahead in countries that have never had floating import vessels before. In addition, a number of countries will increase their current capacity, as investors take advantage of the short lead times and the relocation flexibility of floating regasification units compared to land based facilities.

      Other key drivers include diversification of sources of energy and commitments towards reducing global emissions – with the US and China agreeing to ratify the Paris climate deal and encouraging other nations to follow suit, DW said.

      The future of FLNG looks positive, due to the abundance of offshore gas reserves and the flexibility of LNG as a source of energy.

      Furthermore, the industry is moving away from its long-standing supply contracting model, as companies now increasingly rely on the spot market to supply long-term LNG contracts to take advantage of low commodity prices.
      Avatar
      schrieb am 18.10.16 06:54:44
      Beitrag Nr. 92 ()
      Antwort auf Beitrag Nr.: 53.157.783 von R-BgO am 29.08.16 12:01:04
      wenn er nicht gerade ausflippt, ist er richtig gut:
      http://www.lng.guru/trading-smart-contracts-dont-make-lng-hu…
      7 Antworten
      Avatar
      schrieb am 18.10.16 14:54:49
      Beitrag Nr. 93 ()
      Antwort auf Beitrag Nr.: 53.495.091 von R-BgO am 18.10.16 06:54:44
      Wer ausflippt hat mehr vom Leben
      Danke für die Bewertung. Darf ich das zitieren?
      6 Antworten
      Avatar
      schrieb am 18.10.16 15:00:11
      Beitrag Nr. 94 ()
      Antwort auf Beitrag Nr.: 53.499.156 von PitBullofLNG am 18.10.16 14:54:49
      ja natürlich!
      Sind Sie es wirklich?
      5 Antworten
      Avatar
      schrieb am 18.10.16 15:10:01
      Beitrag Nr. 95 ()
      Hallo bitte eine kurze Frage an die Experten im Forum die Aussichten für LNG und LPG sind ja wirklich sehr rosig.

      Was erwartet ihr für 2017 und 2018 ?

      es kommen sehr viele neue Schiffe auf den Markt und auch neue Terminals die Langfristig allerdings benötigt werden.

      Die Spot Rates sind auf 8000 glaube ich gefallen was meint ihr wie wollen das die "LPG Tanker Firmen überleben"?

      ich meine einige haben wie Avance Gas Dayrates von 22 000 Dollar.....

      LPG Market Size Projected To Reach $147.76 Billion By 2024: Grand View Research, Inc

      https://globenewswire.com/news-release/2016/10/10/878151/0/e…

      http://www.maritime-executive.com/article/growing-supply-res…

      http://www.hellenicshippingnews.com/lpg-shipping-valuations-…
      Avatar
      schrieb am 18.10.16 15:28:22
      Beitrag Nr. 96 ()
      Antwort auf Beitrag Nr.: 53.499.228 von R-BgO am 18.10.16 15:00:11
      Ich bin es
      Was brauchen Sie als Beweis? :-)
      4 Antworten
      Avatar
      schrieb am 18.10.16 15:35:22
      Beitrag Nr. 97 ()
      Antwort auf Beitrag Nr.: 53.499.522 von PitBullofLNG am 18.10.16 15:28:22
      Wie sind Sie hier gelandet?
      ...normalerweise mache ich hier den Alleinunterhalter;

      Geguckt, von wo Besucher auf Ihre Webseite kamen?
      3 Antworten
      Avatar
      schrieb am 18.10.16 15:49:43
      Beitrag Nr. 98 ()
      Antwort auf Beitrag Nr.: 53.499.594 von R-BgO am 18.10.16 15:35:22
      Ja, obwohl ich das sehr selten mache
      Ich schaue mir meine Statistiken allenfalls ein Mal im Monat an wenn überhaupt. Dass ich heute guckte war reiner Zufall.
      Ich freu mich wenn meine Beiträge auch ausserhalb der zugegebenermassen manchmal etwas autmistisch anmutenden LNG Welt bemerkt werden.
      2 Antworten
      Avatar
      schrieb am 18.10.16 19:58:59
      Beitrag Nr. 99 ()
      Antwort auf Beitrag Nr.: 53.499.741 von PitBullofLNG am 18.10.16 15:49:43
      dann hoffe ich,
      dass auch meine manchmal etwas raumgreifende Zitierweise für Sie ok ist
      1 Antwort
      Avatar
      schrieb am 18.10.16 21:03:56
      Beitrag Nr. 100 ()
      Antwort auf Beitrag Nr.: 53.502.045 von R-BgO am 18.10.16 19:58:59
      Absolut OK
      Absolut OK
      Avatar
      schrieb am 18.10.16 23:52:36
      Beitrag Nr. 101 ()
      Hier nochmal was zu LPG

      Winterzeit steht bevor hoffentlich gibt es gut Geschäfte

      http://www.platts.com/latest-news/oil/singapore/emerging-win…
      Avatar
      schrieb am 20.10.16 09:42:00
      Beitrag Nr. 102 ()
      Pfeifen im Walde?:


      Gazprom says U.S. LNG is not a competitor in European market

      Russian gas conglomerate Gazprom sees no threat from U.S. liquefied natural gas (LNG) supplies coming to the European market.

      Gazprom, that generates more than a half of its revenue in Europe, said in a statement on Tuesday that in the European market “U.S. LNG was losing” against the company’s pipeline gas deliveries.

      This was noted during a meeting of Gazprom’s board of directors which discussed prospects of the shale gas and LNG sectors around the world, as well as the start of LNG deliveries from the U.S. East Coast, the company said.

      “Based on current estimates and projections, Latin America may become one of the main markets for U.S. LNG in the medium and long term. In fact, most of U.S. LNG was supplied to Latin America between March and September 2016,” the statement reads.

      To remind, U.S. LNG export player Cheniere started exporting LNG in February from it Sabine Pass liquefaction plant in Lousiana, the first of it kind to send U.S. shale gas overseas. Since then, three U.S. LNG cargoes were delivered to European shores, including one to Turkey.

      Gazprom operates Russia’s only LNG plant, built within the Sakhalin II project, which currently has an annual production capacity of 9.6 million mt. The agreement to add a third liquefaction train to the LNG plant at Prigorodnoye was signed in June last year.

      State-owned energy giant is also planning to build the Baltic LNG project near the seaport of Ust-Luga.

      During the meeting of Gazprom’s board, it was also stressed that “increasing the LNG share in Gazprom’s portfolio with the purpose of expanding sales geography and boosting gas exports was among the company’s priorities,” the company added.
      Avatar
      schrieb am 01.11.16 09:03:59
      Beitrag Nr. 103 ()
      IMO to implement sulphur cap from 2020, LNG as fuel ready

      The global cap on sulphur content for marine fuels will come into effect from January 2020, following the decision by International Maritime Organization’s Marine Environmental Protection Committee.

      Finnish engine manufacturer, Wärtsilä, believes the trend towards the use of LNG fuel as a viable means of complying with the sulphur cap requirements, especially since LNG contains no sulphur, will further increase.

      “The global cap will limit the sulphur content of marine fuels to 0.5 percent, meaning that the world’s shipping fleets will need to either change to a cleaner fuel such as LNG, or install abatement systems,” Wärtsilä said.

      It represents a significant cut from the 3.5 percent global limit currently in place, IMO informed following the meeting in London, on Friday.

      The date of 2020 was agreed in amendments adopted in 2008, when it was also agreed that a review should be undertaken by 2018 in order to assess whether sufficient compliant fuel oil would be available to meet the 2020 date. If not, the date could be deferred to 2025.

      That review was completed in 2016 and concluded that sufficient compliant fuel oil would be available to meet the fuel oil requirements.

      In its recent statement, SEALNG, a cross-industry coalition that aims to promote LNG as a marine fuel, said that the LNG sector is capable of meeting the future emissions requirement of the global shipping industry.

      Coalition’s chairman, Peter Keller, before the MEPC’s decision was made, said, “Independent of the timing of the IMO’s implementation of the 0.5% global sulphur cap, today LNG is already a clean, safe, practical and economically viable fuel for the shipping industry.”

      The coalition further noted that there are already 86 LNG-fueled ships in operation worldwide with another 95 on order.
      Avatar
      schrieb am 14.11.16 19:46:12
      Beitrag Nr. 104 ()
      Avatar
      schrieb am 25.11.16 07:30:47
      Beitrag Nr. 105 ()
      Bidders swarm over Pakistan LNG’s 240 cargo tender


      In an interview with Reuters, Adnan Gilani, Pakistan LNG’s COO, said that the response has been beyond the company’s expectations. He noted that over 20 suppliers attended the bidders conference with at least another 10 showing interest in the tender.

      Gilani also added that the company is planning to launch a 4.5 million tons LNG tender within a few months with another similar tender coming six months later.

      Pakistan is expected to be importing about 23 million tons of LNG per year by 2019.

      In its tender, issued at the beginning of this month, Pakistan LNG sought the delivery of 240 cargoes through two separate tenders.

      In the first tender, the company is inviting bids from LNG suppliers for the delivery of 60 cargoes through a master sale and purchase agreement over a period of five years.

      In the second tender, Pakistan LNG is looking for the supply of 180 cargoes delivered over a period of 15 years.

      Cargoes, under both tenders, are to be delivered on a DES (delivered ex-ship) basis to the LNG terminal operated by Pakistan GasPort Consortium at Port Qasim, the company said.

      The start of the deliveries is set for July 2017, with a nominal cargo capacity set at 140,000-cbm, according to the documents.

      The deadline for the submission of bids is December 20, 2016, while winners of both tenders are to be announced at the end of January 2017.
      Avatar
      schrieb am 12.12.16 11:18:15
      Beitrag Nr. 106 ()
      Antwort auf Beitrag Nr.: 52.812.394 von R-BgO am 12.07.16 09:11:35es scheint wirklich gedreht zu haben (im Mai waren es noch gut $4):


      Japan's spot LNG price keeps rising

      The average price of spot LNG for delivery into Japan that was contracted in November was at US$7 per mmBtu.

      This was an increase of 14.75 percent in comparison to the month of October when the spot LNG was contracted at $6.1 per mmBtu. In addition, the November contract-based price was the highest since January 2016 when the price stood at $7.1 per mmBtu.

      The report from the Japanese Ministry of Economy, Trade and Industry (METI) shows that the price of spot LNG arriving into Japan during the month of November was at $5.9 per mmBtu, rising 3.5 percent from the $5.7 per mmBtu recorded in October.

      Only spot LNG cargoes are taken into account in this assessments, excluding short, medium and long-term contract cargoes, as well as those linked to a particular price index.
      Avatar
      schrieb am 19.12.16 14:25:23
      Beitrag Nr. 107 ()
      http://www.lng.guru/lng-expensive-pipeline-gas/


      Auszug:

      Russia urgently needs to replace its current gas fields producing for Europe as all the legacy fields have peaked and their production numbers go down. Much of the shortfall can be patched for a short time with stopgap measures such as bringing in gas from minor fields or better resource utilization but it is clear that in the mid- to long- run, Russia will have to develop new superfields.

      Two of the most notorious are Yamal and Shtokman. Both of them are world class and would go far to ensure Russia’s position in the top league.

      But both are also devilishly hard to develop. They are in the Arctic and the upstream developments have to be done in some of the most challenging circumstances. This won’t be cheap gas when it sees the light of day in the far north.

      Then comes the transport challenge through a system that would have to be rebuilt from the scratch. Then whatever way one chooses for Europe. If we assume USD 3.- for the upstream development (I am guessing wildly here but you are free to put your own number) and I think I am going cheap here and another 3 USD for pipeline transport in Russia proper (again I feel really cheap here) then we have 6 USD at the Russian border or coast. Now comes the link to Europe which can be anything from little to way more than 3 USD such as Turkish Stream plus its extension to the middle of the continent would almost certainly be if we consider that a steel pipe alone wont suffice.

      New Russian gas in Central Europe will probably cost something like USD 9 per MMBtu and this comes with very significant upward potential as things never are as easy as planned. Don’t agree with the numbers? Put your own in – I am waiting.

      Now for LNG.

      Let’s use Qatar as an example. Upstream cost is as little as 1 USD per MMBtu. Add 1,5 USD for liquefaction and another 1,5 USD for transport to North Western Europe plus a whopping 1 USD for regasification and entry into the system and voila, it’s on a North Western European hub. That adds up to USD 5.- per MMBtu with quite some downward potential.
      Avatar
      schrieb am 06.01.17 16:04:38
      Beitrag Nr. 108 ()
      LNG Just Saw Its Biggest Monthly Rise In 4 Years
      By PiercePoints on December 22, 2016 11:22 am in Business

      http://www.valuewalk.com/2016/12/lng-just-saw-biggest-monthl…

      I wrote Tuesday about BP betting big on a new LNG export hub in West Africa. And news yesterday shows there’s a lot more action going on in LNG right now — in fact, it’s one of the hottest commodities anywhere on Earth.

      New data on LNG prices showed that shipped natgas has been on a tear this month. With rates for Asian delivery jumping $1.95/MMBtu, to $9.20/MMBtu. As the chart below shows, that represents a 27% gain since November 16.


      LNG

      Asian LNG prices (blue lines) have jumped 27% since November 16


      In fact, the recent price move represents the largest monthly rise for Asian LNG since February of 2013. Showing that things are tight in this market right now.

      A big part of that is China. Which saw its LNG imports hit a record in November — rising 47% as compared to the same month in 2015, to a total 2.66 million tonnes.

      That leap happened largely due to temporary factors — namely a stretch of cold weather across China. But it does show how Chinese reliance on LNG is growing as part of a strategy to meet rising energy demand.

      South Korea was reportedly also a big driver for LNG prices this past month. With that nation buying cargos to replace power generation lost during maintenance of four nuclear power plants.

      Those demand factors are now subsiding, likely meaning that prices will moderate somewhat over the coming weeks. But the big jump in LNG shows just how quickly this market can turn — and that potential is continuing to attract major oil and gas players into the sector.

      Players like Total — which said yesterday it is buying a 23% stake in U.S.-based Tellurian Investments, developer of the Driftwood LNG export project in Louisiana. Total is paying up $207 million to get into the U.S. LNG supply game here, showing that the major believes there’s a big future in this market.

      The recent price action seems to support that business rationale. Watch the movement in Asian LNG prices like the Japan Korea Marker over the next few months — and keep an eye out for more deals being done in the LNG supply space.

      Here’s to gassing up,

      Dave Forest
      1 Antwort
      Avatar
      schrieb am 16.01.17 10:48:18
      Beitrag Nr. 109 ()
      http://www.lng.guru/russia-importing-us-lng-soon/

      Auszug:


      I can imagine an extreme case where LNG from North America, landed in St. Petersburg is cheaper than gas produced in Siberia. Crazy? Let’s take a look at the odds.

      Let’s imagine – for the sake of argument – that HH hovers back to USD 2,50, also that US producers figure out how to lower liquefaction cost to USD 1,00 (don’t tell me that’s not possible, we were at USD 1,50 a decade ago) and also that transport does not cost more than USD 1,00. That gives us 4,50 plus the regasification terminal on top.

      Now gas from Yamal costs us – ah, yes. Gazprom does not provide any figures. Is there anyone who believes that it costs less than USD 4,50 to lift and process? Then there will still be a rather long pipeline from Yamal to a place that wants to pay a buck for it to cover which is not free as well.

      I let you make your own calculations but when Gazprom decided that Shtokman was not worth it some years ago, the gas price and LNG prices were still closer to 20 than to 10 and still they considered it was not worth it. Yamal is not Shtokman – I know that – but it’s about as nasty it gets for gas exploration and production. It might well be that fracking and industrial production of unconventional gas is superior to the drilling casino.
      3 Antworten
      Avatar
      schrieb am 16.01.17 10:51:05
      Beitrag Nr. 110 ()
      Antwort auf Beitrag Nr.: 54.026.633 von R-BgO am 06.01.17 16:04:38Japan’s spot LNG price up in December

      Japan’s average price of spot liquefied natural gas (LNG) that was contracted in December continued to rise for a third straight month to $8.00 per million British thermal units, the Ministry of Economy, Trade and Industry (METI) said on Friday.

      The average price of spot LNG contracted in December increased $1 per MMBtu from the previous month and it was the highest since August 2015. Compared to December 2015, the spot LNG price increased $0.6 per MMBtu, according to METI’s data.

      METI’s data also shows that the price of spot LNG arriving into Japan during the month of December was at $6.8 per mmBtu, up $0.9 per MMBtu from the previous month.

      Only spot LNG cargoes are taken into account in this assessments, excluding short, medium and long-term contract cargoes, as well as those linked to a particular price index.
      Avatar
      schrieb am 24.01.17 09:08:04
      Beitrag Nr. 111 ()
      China’s 2016 LNG imports rise 33 pct YoY

      Liquefied natural gas (LNG) imports into China, the world’s largest energy consumer, rose 33 percent in 2016 as compared to the year before, according to the General Administration of Customs data.

      China imported 26.06 million mt of the chilled fuel in 2016, as compared to 19.63 million mt in 2015, the data shows.

      Th country imported record 3.73 million tonnes of LNG in December, topping the previous record 2.66 million tonnes that landed in China in November as a cold snap across the country spurred demand. Compared to December in 2015, LNG imports rose 78.1 percent.

      China started importing chilled gas in 2006 and is currently the world’s third largest LNG importer– representing about 8% of global LNG imports in 2015.

      The country’s LNG imports are expected to continue to rise in the next five years as it as it is seeking to cut its addiction to coal to reduce pollution.
      Avatar
      schrieb am 24.01.17 09:30:30
      Beitrag Nr. 112 ()
      Antwort auf Beitrag Nr.: 53.310.177 von R-BgO am 20.09.16 11:12:11LNG market rebalancing to stall until 2020s, study says

      The LNG market is expected to hit the bottom of a boom-bust cycle over the next five years, a report by Aurora Energy Research shows.

      This comes as a result of the depressed prices, a virtual halt in investment and the drop in contracts value.

      Over the five-year period, a wave of new supply, predominantly in the US and Australia, will increase the total liquefaction capacity by up to a third, only accounting for committed projects, with any upward supply-side pressure only beginning to emerge beyond 2021.

      The report further claims that even at that point weak demand is likely to impede a swift recovery. Although buyers are far more diverse than ever before, fundamental reasons will stall a full rebalancing until at least the mid-2020s.

      Gas demand growth is currently squeezed out by renewables deployment, energy efficiency gains and depressed GDP growth expectations. New windows of opportunities in the transport sector and petrochemicals, while boosting the long-term prospects, are unlikely to bring a significant uplift in the short term, according to AER.

      Largely in response to these conditions, and with growing numbers of increasingly sophisticated participants, the LNG business model is transitioning towards flexibility to unlock value. Buyers are increasingly trading to benefit from price volatility by redirecting cargoes, and shipping providers are also capturing a significant share of the value of flexibility through freight rates.

      Opportunities for structural changes in the market with shorter contracts, emerging supply hubs, and new pricing formulas are starting to shape new rules for the industry.

      In Europe, these emerging market dynamics boost buyers’ negotiating position against historic suppliers, as LNG is increasingly eroding Russia’s market power.
      Avatar
      schrieb am 27.01.17 15:17:35
      Beitrag Nr. 113 ()
      aus dem H1-Bericht von Exmar:
      2 Antworten
      Avatar
      schrieb am 01.02.17 09:27:38
      Beitrag Nr. 114 ()
      Tesla’s Battery Revolution Just Reached Critical Mass
      January 31, 2017
      By Tom Randall, Bloomberg

      http://www.renewableenergyworld.com/articles/2017/01/tesla-s…

      Tesla Motors Inc. is making a huge bet that millions of small batteries can be strung together to help kick fossil fuels off the grid. The idea is a powerful one—one that’s been used to help justify the company’s $5 billion factory near Reno, Nev.—but batteries have so far only appeared in a handful of true, grid-scale pilot projects.

      ....

      It’s still early days, even with this week’s announcements. It will probably be a few years before Tesla’s battery-storage sales are material enough to break out separately from automotive sales on quarterly filings, Straubel said.


      The End of the Gas Peaker

      But the battery’s day is coming, while those of natural gas peaker plants are numbered. That’s the prediction of John Zahurancik, AES’s president of battery storage. Zahurancik is one of the pioneers of energy storage, having cobbled together profitable edge-case storage projects since 2008, when battery prices were 10 times higher than they are today.

      AES has completed installation and is doing final testing of a 30MW/120 MWh plant that’s even bigger than Tesla’s 20 MW/80 MWh. AES is also working on a longer-term project that will be five times the size of Tesla’s project when complete by 2021. That’s a scale that would have been unimaginable a decade ago.

      “This is my fifth time doing the largest project in the world for energy storage, and each time people tell me, ‘well this is the test, this is really the test’” Zahurancik said in an interview Friday. “The next big test is how do we scale this up broadly.”

      The biggest thing that sets Tesla and AES apart is that Tesla is building the components of its storage units itself at the company’s Gigafactory in Reno, including battery cells with partner Panasonic, modules, and inverters. Tesla says this vertical integration will help reduce costs and make a seamless system. AES says that dealing with a diverse supply chain allows it to seek the cheapest price and the best technology on the market. It's the same debate going on in the electric-car business, where Tesla is manufacturing an unprecedented percentage of its own parts in-house.

      For now, gas peaker plants still win out on price for projects that aren’t constrained by space, emissions, or urgency, said Ron Nichols, President of SCE, the California utility responsible for most of the biggest battery storage contracts. But that may change in the next five years, he said.

      “Long term, will large amounts of batteries be able to take over?” Nichols asked. “We’ll need to get some hours under our belts to know for sure.”
      Avatar
      schrieb am 16.02.17 10:08:57
      Beitrag Nr. 115 ()
      Antwort auf Beitrag Nr.: 54.180.647 von R-BgO am 27.01.17 15:17:35
      Avatar
      schrieb am 21.02.17 10:55:09
      Beitrag Nr. 116 ()
      Shell führt die BG-Tradition fort
      und gibt einen LNG-Outlook: http://www.shell.com/energy-and-innovation/natural-gas/lique…


      darin u.a.:



      Avatar
      schrieb am 24.02.17 09:44:26
      Beitrag Nr. 117 ()
      China’s LNG imports rise almost 40 pct in January


      Liquefied natural gas (LNG) imports into China, the world’s largest energy consumer, rose 39.7 percent in January as compared to the same month a year before, according to the General Administration of Customs data.

      China’s LNG imports increased to 3.44 million mt in January, the second-highest monthly import level, behind a record 3.73 million mt set the month before as a cold snap across the country spurred demand.

      The country is the world’s third-biggest LNG importer, behind South Korea and the top LNG buyer, Japan. Its imports rose 33 percent to 26.06 million mt in 2016.

      China started importing chilled gas in 2006. The country’s LNG imports are expected to continue to rise as it as it is seeking to cut its addiction to coal to reduce pollution.
      Avatar
      schrieb am 24.02.17 11:54:03
      Beitrag Nr. 118 ()
      Antwort auf Beitrag Nr.: 54.180.647 von R-BgO am 27.01.17 15:17:35
      aus dem Teekai-LNG Partners-Bericht
      Avatar
      schrieb am 02.03.17 11:16:36
      Beitrag Nr. 119 ()
      Antwort auf Beitrag Nr.: 54.092.006 von R-BgO am 16.01.17 10:48:18
      Gegenposition:
      http://oilpro.com/post/30244/putin-russia-seen-dominating-eu…


      Putin's Russia Seen Dominating European Gas for Two Decades
      by Elena Mazneva and Anna Shiryaevskaya

      Europe has wanted to wean itself from Russian natural gas ever since supplies from its eastern neighbor dropped during freezing weather in 2009. Almost a decade later, the region has never been more dependent.

      Gazprom PJSC, Russia’s state-run export monopoly, shipped a record amount of gas to the European Union last year and accounts for about 34 percent of the trading bloc’s use of the fuel. Russia will remain the biggest source of supply through 2035, Royal Dutch Shell Plc said last week, echoing comments by BP Plc in January.

      EU lawmakers have had their hearts set on diversifying supplies with liquefied natural gas delivered by tanker from the U.S., where production of the fuel skyrocketed last year. So far, those shipments have failed to materialize amid a lack of firm contracts and higher prices outside Europe. Overall, LNG shipments to the region, led by Qatar, were stagnant last year.

      “Russia will for sure remain Europe’s largest gas supplier for at least two more decades,” even if most of the incremental gains in EU imports are met by LNG from somewhere else, said Vladimir Drebentsov, chief economist for Russia and CIS at BP in Moscow.



      Gazprom Chairman Viktor Zubkov reiterated on Monday that 2017 European exports are expected to be close to last year’s level.

      But the company may face greater competition from LNG this summer as its oil-linked prices become less attractive relative to market rates, according to London-based analysts from Energy Aspects Ltd. to BMI Research.

      More LNG will arrive in Europe from about mid-year as new plants start producing the fuel in the U.S. and Australia, increasing supply options for customers. Russian gas will also become more expensive after last year’s 52 percent gain in Brent crude.

      The company has means to remain competitive. After adjusting price formulas in its export contracts, Gazprom has diluted the influence of oil prices in favor of linking revenue to Europe’s traded gas markets, a person close to the state-controlled producer said in October. That means its prices will adjust if a sudden inflow of gas from elsewhere depresses the market.

      “I think there’s a lot more that Russia can do,” Melissa Stark, managing director for Energy and Utilities at Accenture Plc, said in an interview in London.“They can even be more commercial than they have been in the past. They’ve not had to be that commercially aggressive because they’ve a long-term contract type situation that they’ve been able to dominate.”

      Europe’s domestic output is declining because of the natural aging of fields in the North Sea and production limits at the Dutch Groningen field, Europe’s biggest.

      “There should be space for both increased LNG and Russian gas” in light of shrinking domestic production in the EU and improving demand, according to Christopher Haines, head of oil and gas at BMI Research. That’s provided “Russian gas prices continue to evolve to more closely reflect European hub prices,” he said.

      Any fluctuations in Russian supplies into Europe tend to whipsaw markets. In January 2009, when the dispute with Ukraine last disrupted supplies, U.K. prices soared as much as 27 percent in one day.


      Counteragents

      Russia has enough reserves to remain Europe’s main gas provider for years to come, President Vladimir Putin said in December.

      “Gazprom is supplying more gas to Europe than Russia or the Soviet Union ever did,” he said. “We have enough gas for ourselves, even considering the growing requirements of the Russian economy, and for our counteragents, the buyers of our gas.”

      LNG will by 2025 surpass Norwegian gas as a share of supply, with both the liquid fuel and imports from Russia needed to offset declining domestic production, according to Shell, which controls about a fifth of the world’s LNG trade. Russia’s share of EU gas consumption will rise to 40 percent by 2035 from more than 30 percent now, according to BP.

      Gazprom gas sales abroad account for more than 10 percent of Russia’s total exports and the company sees its market share holding or rising slightly to about 35 percent by 2025, management board member Oleg Aksyutin told investors in Singapore Tuesday.

      Europe will remain Gazprom’s “priority market” and no one else can provide gas at the same price, Deputy Chief Executive Officer Alexander Medvedev said at the same event. U.S. LNG costs some 30 percent more than Gazprom’s gas in Europe supplied through its “most expensive” route, via Ukraine, Aksyutin said.

      Russian volumes will stay above LNG in Europe if Asian demand is strong enough to absorb an oversupply of LNG, the Oxford Institute for Energy Studies said in a report published this week.

      “There are so many moving parts now,” said James Henderson, an analyst at the OIES said. “So many more things are happening around the world that have an impact on the European gas market.”
      2 Antworten
      Avatar
      schrieb am 12.03.17 14:50:11
      Beitrag Nr. 120 ()
      Antwort auf Beitrag Nr.: 54.447.471 von R-BgO am 02.03.17 11:16:36
      Politischer Wille...
      Grundsätzlich ist das natürlich eine plausible Gegenposition zur LNG-Transport-Bullenthese, aber man muss dabei beachten das sie aus Sicht Gazprom`s / Russlands gemacht wurden, sprich mit der berühmten rosaroten Brille auf.
      M. E. steht und fällt deren Chance auf steigenden Absatz in Europa mit dem Willen der EU-Staaten, sich von Gasimporten aus Russland unabhängiger zu machen. Und dieser Willen findet ja derzeit seine Grenzen in den viel zu geringen Kapazitäten des LNG-Transports. Der Importemporte aus Russland gedeckte Bedarf kann nicht ohne Weiteres durch Import über LNG-Transport z. B. aus USA gedeckt werden. Dieser Anteil wird aber weiter vorangetrieben, auch wenn dies unwirtschaftlicher ist, als der Import aus Russland. Das ist politischer Wille. Und solange Russland diesen Willen durch sein Handeln (insb. Ukraine) bestärkt, wird man sich selbst Absatzprobleme schaffen und nmM den LNG-Transport fördern. Ich denke das bestätigt auch die "Pipeline-Problematik": http://www.faz.net/aktuell/wirtschaft/wirtschaftspolitik/pip…

      In einer Analyse auf Seeking Alpha zu Dynagas wurde übrigens deutlich gemacht, das Südamerika in 2016 33% der US LNG-Exporte abgenommen hat, Europa (namentlicSpanien, Italien) lief da unter Ferner liefen:
      Dieses Bild ist nicht SSL-verschlüsselt: [url]http://i65.tinypic.com/334t3lx.png
      [/url]

      Weiter fällt Europa (Dynagas-spezifisch) denn auch anteilsmäßig hinsichtlich der hinzugekommenen Absatzmärkte kaum ins Gewicht, was man folgender Grafik von Seeking Alpha entnehmen kann:


      In besagtem Artikel wird auch die Rolle von FSRUs beleuchtet:
      "In 2016, 22 million tons, equivalent to about 8% of the worldwide production, were exported to new markets. And the majority of those volumes were discharged via FSRU terminals. Jordan, Egypt and Pakistan were the most significant growth markets in 2016."

      Der Vollständigkeit halber hier der Link zu dem Artikel, auf den ich mich beziehe (ggf. Registrierung erforderlich):
      https://seekingalpha.com/article/4054126-unique-high-dividen…

      Ich bin hier also nach wie vor bullisch gestimmt, wobei ich insbesondere den Fokus auf FSRUs wie Golar LNG Partners lege, wo man nicht nur vom reinen Transport profitieren kann.
      1 Antwort
      Avatar
      schrieb am 29.03.17 16:21:01
      Beitrag Nr. 121 ()
      GIIGNL: LNG newbuild orders hit 6-year low

      http://www.lngworldnews.com/giignl-lng-newbuild-orders-hit-6…

      The global fleet of liquefied natural gas (LNG) tankers welcomed 31 new additions in 2016 – in a year where only 10 new orders were placed, GIIGNL, the International Group of LNG Importers said Monday in its latest annual report.

      The new orders – the lowest number since 2010 – included one floating storage and regasification unit (FSRU) and 3 bunkering vessels. Compared to the year before, 23 less new orders were placed in 2016, the report shows.

      At the end of 2016, the global orderbook comprised of 137 vessels, 121 of which were above 50,000 cubic meters. According to GIIGNL, 64 vessels were scheduled for delivery in 2017.

      The report also shows that the global LNG tanker fleet consisted of 478 vessels at the end of 2016, including 24 FSRUs and 30 vessels of less than 50,000 cubic meters.

      In 2016, the average spot charter rate for a 160,000-cbm LNG carrier stood at $33,528/day, compared to an average $36,038/day in 2015, it said.


      LNG trade up 7.5 percent

      Global LNG trade recorded a growth rate of around 7.5% compared to 2015, returning to a robust pace experienced before 2011, according to GIIGNL’s report.

      In 2016, global LNG imports increased by 18 million mt year-on-year to 263.6 million mt. Most of the supply was absorbed by increased demand in China, India and the Middle East.

      In contrast, demand in mature importing markets such as Japan, South Korea and Europe remained sluggish.

      Japan’s LNG imports declined for the second year in a row to 83.3 million mt due to the restart of several nuclear units, to energy conservation efforts and to the uptake in renewable power generation.

      “Against expectations, Europe did not function as a sink for the production increase in 2016,” the report noted, adding that the UK recorded the largest decline in imports year-on-year or by 26 percent due to higher supply of pipeline gas and domestic production. Belgium and the Netherlands also recorded declines of respectively 58 percent and 42 percent.

      “Primarily driven by new Australian volumes, additional supply was not as abundant as expected due to production delays, slower ramp-ups and lower exports from historical suppliers,” GIIGNL’s head Jean-Marie Dauger said in the report.

      “As a result, the expected “wave” of LNG has not materialized yet, and some signs of market tightness have even been observed towards year-end due to colder weather than usual in Europe and North East Asia,” he added.

      Looking forward, with Australian projects ramping-up and new trains from the United States progressively coming online, Dauger said that the global LNG market could become oversupplied until the mid 2020’s.

      “Nevertheless, surplus capacity could be progressively absorbed by additional imports and/ or by shut-ins, both as a consequence of low price levels, resulting in a market rebalancing in the first
      part of the decade.”

      “Given the scarce number of FIDs taken in recent months (only 1 in Indonesia and 1 in the US) a tightening of supplies in the long run can be expected, perhaps slowing down the emergence
      of a more flexible and liquid traded LNG market,” Dauger added.


      Spot LNG trading on the rise

      The share of “pure” spot trades – defined by GIIGNL as trades whereby cargoes are delivered within 3 months from the transaction date – were estimated for 2016 at about 18 percent of the total LNG volumes.

      Spot trade volumes were estimated at around 47 million mt last year, up from a share of 15 percent or 37 million mt in 2015.

      Main drivers of this growth were China, India and Egypt, accounting together for 30 percent of the spot LNG volumes imported last year, GIIGNL said.
      Avatar
      schrieb am 29.03.17 16:23:18
      Beitrag Nr. 122 ()
      Antwort auf Beitrag Nr.: 54.520.648 von TraeidIngIdI0t am 12.03.17 14:50:11
      Schön, mal jemand Neues begrüßen zu dürfen!
      hier noch der Link zur eben genannten Studie: http://www.giignl.org/system/files/giignl_2017_report.pdf
      Avatar
      schrieb am 23.04.17 16:16:06
      Beitrag Nr. 123 ()
      Avatar
      schrieb am 24.04.17 10:52:36
      Beitrag Nr. 124 ()
      http://shippingwatch.dk/Rederier/Tanker/article9525956.ece

      Bank glaubt, bessere Zeiten für den LNG-Markt TANK:

      Die Nachfrage aus China und Indien und ein guten amerikanischen Exporten Raten im Jahr 2018 steigen beschmutzen können und 2019. Aber es erfordert, dass die Reeder zögern, Schiffe zu bestellen, schätzt JP Morgan. VON NIKLAS KRIGSLUND Veröffentlicht 24/04/17 an. 10.09 Es kann für den LNG-Markt bessere Zeiten voraus sind, wo die Konturen einer Erholung Form nach längerer Flaute nehmen. Die US - Investmentbank JP Morgan schätzt , dass es im Jahr 2018 und 2019. Es gibt noch eine Reihe von Risikofaktoren ein besseres Gleichgewicht zwischen Angebot und Nachfrage, die Markt bedrohen können, heißt es in einer neuen Analyse . Auf der Plusseite Bank-Analyst zeigt, dass es eine gute Nachfrage, vor allem aus China und Indien. Zur gleichen Zeit eine gute Zeit in der US-Exporte von Erdgas, das jetzt über größere Entfernungen als bisher ausgeliefert wird. Es gibt immer noch eine gewisse Unsicherheit mit Flottenerneuerung verbunden, die den Aufschwung abzulassen droht. In diesem Jahr erwartet JP Morgan, dass die Flotte um 7,2 Prozent wachsen wird. Während es um 8,8 Prozent wachsen wird. im Jahr 2018. Die Bank weist auch darauf hin, dass im ersten Quartal fünf neue LNG-Schiffe in Auftrag gegeben, die die höchste Zahl seit dem vierten Quartal 2015 ist da. JP Morgan Kassakurs von 65.000 US-Dollar pro Tag und 75.000 US-Dollar pro Tag im Jahr 2019 im Jahr 2018 erwarten. JP Morgan denkt zuerst an Versand bis zum Jahr 2018 Höegh LNG ist ein Partne
      Avatar
      schrieb am 25.04.17 14:02:16
      Beitrag Nr. 125 ()
      Avatar
      schrieb am 27.04.17 11:49:28
      Beitrag Nr. 126 ()
      Petroleum Produkte Exporte Überspannungen Als Oman's Raffinerie Output steigt
      Petroleum Produkte Exporte Überspannungen Als Oman's Raffinerie Output steigt Donnerstag,

      27. April 2017 | 00:00 Petroleum Produkte Exporte Überspannungen Als Oman's Raffinerie Output steigt
      Die Ausfuhren von Flüssiggas (LPG), Luftfahrtbrennstoff und Polypropylen aus Oman stiegen im ersten Quartal dieses Jahres stark an, da die Raffinerieproduktion von Erdölprodukten im Januar bis März 2017 deutlich anstieg.

      Die Ausfuhrverkäufe von LPG verdoppelten sich im ersten Quartal 2017 im Vergleich zum Vorjahreszeitraum auf 420.000 Barrel, im Vergleich zum Vorjahreszeitraum gegen 211.000 Barrel, entsprechend den vom National Center for Statistics and Information (NCSI) veröffentlichten Daten.

      NSCI-Daten zeigten Exportverkäufe von Luftfahrt-Treibstoff sprangen um 59 Prozent auf 267.000 Barrel im ersten Quartal dieses Jahres von 168.000 Barrel vor einem Jahr.

      Die Zahlen zeigten, dass die Raffinerie-Produktion von Oman im ersten Quartal ein deutliches Wachstum gegenüber dem Vorjahr verzeichnete. Während die LPG-Produktion den größten Anstieg von 95 Prozent auf 1,06 Milliarden Barrel im Vergleich zu 544.000 Barrel im ersten Quartal 2016 verzeichnete, stieg die Produktion von Luftfahrt-Treibstoff um 23 Prozent auf 1,37 Milliarden Barrel von 1,12 Milliarden Barres vor einem Jahr.

      Die Produktion von M91-Treibstoff stieg um 11 Prozent auf 2 Milliarden Barrel im Januar - März Zeitraum von 2017 von 1,8 Milliarden Barrel vor einem Jahr, während M95 Klasse Kraftstoffproduktion um 16 Prozent auf 3,83mn Barrel sank. Die Gasölproduktion stieg dagegen um 17 Prozent auf 5,83 Milliarden Barrel.

      Während die Inlandsverkäufe von M91-Treibstoff im ersten Quartal dieses Jahres um 42 Prozent auf 1,75 Milliarden Barrel stiegen, sank der Umsatz von M95-Treibstoff um 15 Prozent auf 3,9 Milliarden Barrel. Der Gasölabsatz verringerte sich um sechs Prozent auf 4 Milliarden Barrel.

      Die Inlandsverkäufe von Flugzeugtreibstoffen stiegen um fünf Prozent auf 1,18 Milliarden Barrel, während die Inlandsverkäufe von LPG um neun Prozent auf 579.000 Barrel stiegen.

      Oman's raffinierte Produkte Produktion wird geschätzt, um auf 253.800 Barrel pro Tag im Jahr 2017 von 211.500 Barrel pro Tag im Jahr 2016 zu erhöhen, nach BMI Research, eine Einheit der Fitch Group.

      "Wir glauben, dass große Infrastrukturprojekte, darunter neue Raffinerien oder Pipeline-Verbindungen, die Oman-Position im nachgelagerten Sektor in den nächsten Jahren deutlich stärken werden", sagte BMI Research in seinem kürzlich veröffentlichten Oman Oil & Gas-Bericht.

      Mit Sohar Raffinerie Verbesserung Projekt, geplant Duqm Raffinerie-Projekt und Muscat-Sohar Produkt Pipeline-Projekt, Oman versucht, mehr Wert aus seinen Kohlenwasserstoff-Ressourcen zu extrahieren. BMI Research prognostiziert, dass Oman's raffinierte Produkte bis 2020 482.400 Barrel pro Tag erreichen.

      In petrochemischen Produkten stieg Oman's Polypropylen-Exporte im ersten Quartal 2017 um fast sechsfach bis 53.000 MT von 9.000 MT im ersten Quartal des vergangenen Jahres. Allerdings sanken die Exportverkäufe von Benzol und Paraxylol um 24 Prozent und 22 Prozent auf 42.000MT bzw. 132.000MT.

      Quelle: MuscatDaily

      http://www.bunkerportsnews.com/News.aspx?ElementId=78e65c98-…
      Avatar
      schrieb am 09.05.17 11:11:20
      Beitrag Nr. 127 ()
      http://www.bunkerportsnews.com/News.aspx?ElementId=b83095e6-…
      Dienstag, 09. Mai 2017 | 11:50


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      Erdgas-Exporte können US-Energie-Glut lösen
      Montag, 08. Mai 2017 | 16:00 Uhr
      [Erdgas-Exporte können U.S. Energy Glut lösen]

      Der Slogan "Made in the USA" schwingt mit Amerikanern, außer wenn es zu viel von einem gegebenen Produkt gemacht wird, das die Preise zusammen mit der Industrie herabzieht. Ein Beispiel ist Erdgas, wo die US-Vorräte in den letzten zwei Jahren weit überdurchschnittlich hoch waren.

      Die Rettung liegt in verflüssigtem Erdgas, die klare, geruchlose Flüssigkeit, die gebildet wird, wenn Erdgas auf etwa minus 260 Fahrenheit abgekühlt wird. Und das ist genau das, was Präsident Donald Trump drängt. Seine Regierung bewegt sich, um die USA zum weltweit führenden Exporteur von Erdgas zu machen, und LNG wäre ein zentraler Bestandteil der Energie- und Handelspolitik. Das macht viel Sinn.

      In den letzten Jahren gab es eine starke innere Opposition gegen Energieexporte, insbesondere aus Gründen der nationalen Sicherheit. Aber nach Jahren der depressiven Preise, die sich aus verbesserten Technologien ergeben, die die Extraktionskosten reduzieren, hat sich diese Opposition erleichtert.

      Die Befürworter argumentieren, dass Erdgasexporte verstärkte Sicherheit für Verbündete wie Japan bieten können; Verringerung der europäischen Energieabhängigkeit auf Russland, die Gasexporte als politische Waffe verwendet hat; Und den globalen Klimawandel durch den Austausch von Kohle ansprechen.

      Die Trump-Politik zur Unterstützung der Öl- und Gasbohrungen durch die Beseitigung regulatorischer Barrieren für die Produktion wird mittelfristig die Preise unterstützen. Dennoch sind sowohl die inländische Endbenutzer-Nachfrage als auch die Stromerzeugungsnachfrage sehr witterungsempfindlich, was bedeutet, dass ein besonders kühler Sommer oder warmer Winter zu schweren regionalen Überschüssen führen könnte, wenn nicht eine nationale Glut.

      Der Zusammenbruch der Ölpreise aus dem Sommer 2014 führte zu einer Sturzbohrung. Die Gas-Rigg-Zählung war unten, wie die Anzahl der Öl-Rigs und, und als Folge der Lieferung von assoziierten Gas. Die USA produzierten im Jahr 2016 weniger Gas als im Jahr 2015, das erste Mal seit 2005, dass die Produktion im Vergleich zum Vorjahr sank.

      LNG war und wird auch weiterhin eine wachsende Quelle der Abnahme von der zukünftigen Produktion sein. Die USA haben langsam erkannt, dass die Entwicklung einer bundesweiten Infrastruktur, um Benzin mit LNG zu ersetzen, ein Rohrtraum war. Die heutigen Investitionen steuern auf elektrische und selbstfahrende Fahrzeuge sowie erneuerbare Energien. Das bedeutet, dass die beste Wette auf dem Exportmarkt liegt, wo die Nachfrage nach LNG schnell wächst.

      Im Jahr 2017 exportierten die USA insgesamt 184,3 Millionen Kubikfuß LNG, laut der US Energy Information Administration. Eine winzige Fraktion wurde nach Kanada und Mexiko transportiert, und die Masse wurde mit dem Schiff versendet. Die ersten fünf Importeure waren Chile (29,4), Mexiko (27,5), China, (17,2), Indien (16,9) und Argentinien (16,7).

      Trotz eines Erdgasflusses steigt die Nachfrage - vor allem im Stromerzeugungssektor, aber auch für die Pipeline-Exporte nach Mexiko und den enormen laufenden Wechsel von der Kohle-Generierung zum Gas-für-Strom. Obwohl die Verflüssigung nur einen Bruchteil der Gasnutzung darstellt, hat diese Nachfrage Auswirkungen auf die globalen LNG-Märkte. Der Henry-Hub-Preis, der im Distributionszentrum in Louisiana eingestellt ist, wird voraussichtlich den Bodenpreis für die US-LNG-Exporte und damit den Boden für die Erdgaspreise in Europa und Asien bestimmen. Europa, für einen, ist Banking auf US-LNG im Wettbewerb mit russischen Pipeline Erdgas zu halten Preise niedrig und globale Lieferungen reichlich.

      Höhere Henry-Hub-Preise, die Erdgas-Spot- und Futures-Preise diktieren, würden nicht unbedingt die US-LNG-Exporte reduzieren, da bereits Verträge vorhanden sind. Cheniere Energy hat zum Beispiel erhebliche Mengen von seinem Sabine Pass LNG Terminal an mehrere große globale Spieler wie Shell und Centrica vergeben.

      Bände aus dem Sabine Pass werden voraussichtlich in diesem Jahr stark ansteigen, da seine beiden Züge voll ausgelastet sind und ein dritter Zug online kommt. Darüber hinaus sind mehr LNG-Export-Terminals und Züge bis 2020 geplant, darunter auch das Jordan Cove LNG Terminal in Oregon. Die Energieabteilung hat Golden Pass Products, eine Partnerschaft zwischen Exxon Mobil und Katar Petroleum, zugelassen, um im Inland produzierte LNG von der Texas Küste zu exportieren. Wenn alles nach Plan läuft, berichtet Platts, dass diese neuen Terminals bis zum Jahr 2020 bis zu 105 Milliarden Kubikmeter zusätzlicher jährlicher Gasnachfrage schaffen könnten, was etwa 13 Prozent des Erdgasverbrauchs von 2016 entspricht.

      Die jüngste Erweiterung des Panamakanals hat den Weg zu wachsenden Märkten in Japan, Südkorea und anderswo in Asien beschleunigt, wodurch das US-Gas wettbewerbsfähiger wird. Indien, insbesondere, wird eine große Kraft sein. Die Regierung plant, den Anteil des Erdgases auf 15 Prozent im Hinblick auf sein Versprechen zu reduzieren, um die CO2-Emissionen bis zum Jahr 2030 um 35 Prozent gegenüber dem Niveau von 2005 zu senken. Nach den Vereinten Nationen wird Indien das bevölkerungsreichste Land der Welt sein 2022. Indien und China werden sowohl 1,4 Milliarden Menschen übertreffen - mit Indien etwas voraus.

      Das bedeutet einen enormen Anstieg des Energiebedarfs. Nach der BP Statistical Review of World Energy, bis 2035, wird der Energieverbrauch Indiens um 4,2 Prozent pro Jahr wachsen, schneller als alle großen Weltwirtschaften. Indiens Vision für eine Gas-basierte Wirtschaft umfasst die Erhöhung der LNG-Importe und investiert stark in die LNG-Infrastruktur, um ihre Strom- und Düngemittelsektoren zu unterstützen. Weitere potenzielle Märkte sind Taiwan und der Mittlere Osten, insbesondere Jordanien und Pakistan.

      LNG sollte mehr Chancen für die Schifffahrt mit neuen Schiffen und Handelsströmen nach einem deprimierten zwei Jahre schaffen. Während es zu viele Schiffe gab und nicht genug LNG zu tragen, wird sich diese Dynamik ändern. Die Schifffahrtskapazität sollte sich verschärfen und Charterraten sollten vor allem im Hinblick auf Fusionen und Übernahmen, die es Unternehmen ermöglichen, ihre Flotten wie Shell und BG im Jahr 2016 zu kombinieren, zu schätzen wissen.

      Während die Opposition gegen die hydraulische Fracking in den USA besteht - mit offenen Verboten in einigen Staaten - gibt es zu viele Arbeitsplätze auf nationaler Ebene, um die US-Erdgasindustrie zusammenzubrechen. Darüber hinaus würde der Mangel an Erdgas die USA dazu zwingen, sich an weniger saubere fossile Brennstoffe wie Öl und Kohle zu wenden, während alternative Energiequellen wie Wind und Solar nicht ausreichen, um intensive US-Energiebedürfnisse zu decken. So ist der Export von Erdgas heute die praktischste Option.
      Quelle: Bloomberg
      Nächster Artikel
      Avatar
      schrieb am 09.06.17 19:07:02
      Beitrag Nr. 128 ()
      http://www.thenational.ae/business/shipping/lng-shipping-log…

      The closure of the UAE ports, including Fujairah’s bunkering hub, where many ships fuel up before continuing their journeys, also appeared to be disrupting cargoes from the world’s biggest LNG exporter, with trading sources saying yesterday that there were 17 LNG tankers outside Ras Laffan, up from just seven on Monday, some of which were supposed to fuel up in Fujairah. ​

      This has led to some companies looking for other ways to uphold their contractual obligations to provide LNG to places such as the UAE. The energy company Royal Dutch Shell signed a deal with Dubai Supply Authority to provide LNG primarily from Qatargas beginning in 2011.

      However, the company rerouted its US shipment bound for Kuwait on the Maran Gas Amphipolis tanker to Dubai yesterday, according to Bloomberg data. The ship, which flies under the Greek flag, can carry about 170,000 cubic metres of gas.
      Avatar
      schrieb am 07.07.17 14:33:33
      Beitrag Nr. 129 ()
      Avatar
      schrieb am 12.07.17 00:50:44
      Beitrag Nr. 130 ()
      Hallo ich habe mich mal etwas wegen der LPG Frachtraten erkundigt. Die Time Charter Rates liegen bei ca 22 000 aktuell und die Spot Rates sind teilweise auf 9000 Dollar runter gegangen wegen der vielen neuen Schiffe.

      Avance Gas hat 17500 Dollar Kosten pro Tag
      BW LPG 21 000 Dollar Kosten pro Tag
      Dorian LPG 21500 Dollar kosten pro Tag

      Kennt jemand noch andere LPG Verschiffer und die Preis pro Schiff pro Tag? die meisten LPG Reedereien dürften bei den schlechten Preisen nicht mehr viel verdienen.....
      Avatar
      schrieb am 18.07.17 17:44:15
      Beitrag Nr. 131 ()
      Avatar
      schrieb am 20.07.17 15:04:05
      Beitrag Nr. 132 ()
      Pakistan’s LNG imports to shoot over 30 mtpa by 2022?

      Pakistan is planning to establish its position among major importers of liquefied natural gas (LNG) as annual imports could surpass 30 million tons by 2022.

      Speaking to Reuters, Pakistan’s petroleum minister Shahid Abbasi said that the country has set an ambitious plan to boost its LNG imports that currently stand at 4.5 million tons.

      He noted that, since the commissioning of the country’s first LNG import terminal in 2015, international suppliers have shown increased interest in delivering the chilled fuel to Pakistan that is looking to increase power production in order to end its energy woes.

      In addition to suppliers, private companies are looking to finance and develop LNG terminals in Pakistan to serve the country’s consumers directly.

      Höegh LNG, together with Qatar Petroleum, Total, Mitsubishi and ExxonMobil formed a consortium to develop a third LNG import terminal, with Höegh LNG signing a 20-year FSRU charter contract with Global Energy Infrastructure Limited (GEIL) in December 2016.

      In January this year, Excelerate Energy concluded negotiations with the consortium of Engro, Fatima, and Shell to supply its second FSRU for a project that is expected to start up in 2018.

      Abbasi said the country is in negotiations with Russia, Indonesia, Malaysia and Oman to secure deals for the supply of up to three LNG cargoes per month to the second LNG import terminal expected to come online in October.

      He added that Pakistan could float new tenders if it fails to negotiate better terms through the government-to-government talks.

      The country recently closed two tenders for the supply of 240 LNG cargoes in total to the terminal.

      Italy’s Eni grabbed a 15-year deal to supply 180 cargoes of liquefied natural gas, while the commodity trading house Gunvor won the second tender to supply 60 cargoes over a five-year period.
      Avatar
      schrieb am 25.07.17 12:26:59
      Beitrag Nr. 133 ()
      must read:
      http://www.cnbc.com/2017/06/29/reuters-america-rpt-column-eu…


      Auszüge:

      "But it is perhaps ironic that while the action on the capacity side of LNG is an Australian and American story, the ultimate controlling player of the emerging global natural gas market is likely to be Europe.

      This is because Europe is likely to act as a "clearing house" for surplus LNG cargoes, given it has excess re-gasification capacity and the ability to use the fuel for a variety of purposes, from power generation to manufacturing to household heating.

      Europe is also the only region that can effectively arbitrage between LNG and pipeline prices, given its connection to Russian and other Eastern natural gas via pipelines.

      The continent is also best-placed to use market forces to find a price level for natural gas versus its competitors, given it still has substantial coal-fired power in some countries as well as being a leader in renewables such as wind and solar."

      ...

      "As a consequence, the spot price of LNG in Asia <LNG-AS> has plummeted in recent years. From a record $20.50 per million British thermal units (mmBtu) in February 2014, LNG was last at $5.40 in the week to June 23, down nearly 75 percent."

      ...

      "The difference between the two benchmarks averaged just 91 cents per mmBtu in 2016, the IGU said, showing how dramatically the Asian premium has narrowed in recent years, having been as high as $6 per mmBtu at the end of 2013.

      Front-month NBP futures ended at the equivalent of $4.88 per mmBtu on June 28, meaning spot the Asian LNG price commanded a premium of just 52 U.S. cents.

      Benchmark U.S. Henry Hub natural gas futures were at $3.067 per mmBtu on June 28, showing that the three main regional benchmarks are fairly close to each other.

      This becomes even more the case when the approximately $1.50 per mmBtu cost of liquefaction, already included in the spot Asian price, is added to the NBP and Henry Hub prices.

      The economics of the LNG market then come down to shipping costs across various routes, and it's here that Europe comes into its own."

      ...

      "Spain has 49 million tonnes per annum in re-gasification capacity, but only 21 percent of this was being utilised in January this year, according to the IGU.

      Elsewhere in Europe, Britain has 35 million tonnes of re-gasification but, like Spain, only 21 percent was in use in January.

      In contrast Japan's 197 million tonnes of capacity had a utilisation rate of 43 percent, South Korea's 101 million tonnes was used at 35 percent and China's 49 million tonnes at 56 percent."
      1 Antwort
      Avatar
      schrieb am 28.07.17 07:38:30
      Beitrag Nr. 134 ()
      Antwort auf Beitrag Nr.: 55.390.355 von R-BgO am 25.07.17 12:26:59http://www.reuters.com/article/us-usa-oil-exports-idUSKBN1AC…
      Avatar
      schrieb am 09.08.17 12:51:21
      Beitrag Nr. 135 ()
      Westwood: new markets, trade routes to boost LNG carrier demand

      http://www.lngworldnews.com/westwood-new-markets-trade-route…

      The increases in LNG cargoes coming to the market over the recent years has led to oversupply, putting pressure on spot LNG prices and impacting the demand for newbuild carriers.

      The liquified natural gas carrier market has been highly cyclical and is often driven by global macroeconomic events.

      The growth of LNG carriers over the past decade has been synonymous with the growth in global LNG import and export capacity, energy industry consultancy, Westwood said.

      However, with the oversupply impact, in 2016, orders for newbuild LNG carriers amounted to only 6 units (excluding two optional orders), a 92 percent decline compared to the number of LNG carriers ordered in 2014.

      The recent focus on the LNG market oversupply and the continuous growth in LNG export capacity is, however, masking the continuous increase in LNG demand. Whilst increasing demand has been driven by traditional demand hubs, such as China and India, several new LNG importers including Poland, Jordan, Malta, and Pakistan have also emerged in the last two years, Westwood notes.

      This is part of a trend of more countries seeking to utilise LNG to diversify their gas supply and improve power generation. Westwood expects this trend to continue, as 16 additional countries, including Bangladesh, India, Russia, and Sri Lanka, commission their first FSRUs over the 2017-2021 period.

      “These units are expected to unlock new import markets by providing a quick and cost-effective solution to the increasing local gas demand,” Westwood said.

      Over the forecast period, much of the LNG that will drive supply increase will come from mega projects like Chevron’s Wheatstone in Australia, as well as North American projects such as Next Decade’s Rio Grande and Cheniere’s Corpus Christi.

      The increase in demand will be driven by small and medium sized projects dotted across the world. As a result, LNG carriers will have to travel longer distances from supply bases such as the US to Asia/Europe or East Africa to Asia and this could potentially lead to an increase in carrier demand.

      Westwood added in its review that over 219 new-build LNG carriers are expected to be delivered over the 2017-2021 period, including 17 new units that have been ordered in since 2017. The expected deliveries also include 92 new-build LNG carriers, which are yet to be ordered.



      Over 80 percent of LNG carriers ordered in recent years have trended towards the large conventional carriers (150,000-179,999 cubic meters) indicating the significant design improvements the industry has made for greater cost and operational efficiencies.

      Whilst Westwood still expects oversupply to persist beyond the forecast period, continuous pro-gas energy policies in Asia in combination with expanding LNG trade routes are expected to support the demand for newbuild LNG carriers.
      Avatar
      schrieb am 10.08.17 12:41:05
      Beitrag Nr. 136 ()
      10-08-2017
      LPG once again being stored in tankers off Singapore

      Tankers carrying liquefied petroleum gas (LPG) are floating off Singapore for the first time this year as traders wait for opportunities to offload the fuel at more lucrative prices, three industry sources said.

      At least one Very Large Gas Carrier (VLGC), the Pacific Binzhou, is anchored in Singapore carrying LPG, shipping data on Thomson Reuters Eikon showed. The ship docked more than five days ago.

      One other VLGC had recently left for China after anchoring off Singapore for some time, sources said, but this could not be independently verified.

      “The situation is not as severe as last year. Traders are likely aiming to get better prices by floating for a short period of time,” one of the sources familiar with the matter said.

      LPG supply is not as excessive as last year, trade sources said, due to demand from India and China this year.

      In August last year, more than 10 ships were holding LPG – whose uses include heating, cooking and petrochemicals production – off Singapore for months before they could find buyers in winter.

      There is less incentives to store LPG this year as the contango is not more than $2 versus last year when it was more than $15, another trade source said.

      Contango occurs when front-month prices are lower than those in the following months due to weak market fundamentals including oversupply.

      “Natural gas production is in max mode now because of demand for power to power things such as air conditioning during summer,” a third source said.

      “More natural gas means more LPG in June to August,” the same source said, adding that any floating of excess LPG supply would be short term.

      Source: Reuters
      Avatar
      schrieb am 12.08.17 09:44:34
      Beitrag Nr. 137 ()
      Hier auch etwas zu den aktuellen Raten im LPG Sektor

      The 82,000-cbm Captain John NP (built 2007), owned by Dorian LPG, has been fixed at $20,000 per day, or

      BW LPG hat 21 000 Dollar kosten
      Avance Gas 17500 Dollar
      Dorian LPG 21 000 Dollar laut Investor Relation
      Avatar
      schrieb am 13.08.17 15:33:55
      Beitrag Nr. 138 ()
      http://www.lngworldshipping.com/news/view,large-carriers-lead-global-lpg-trade-surge_48644.htm
      https://translate.google.com/translate?prev=_t&hl=en&ie=UTF-…

      Diese Schiffe transportierten im vergangenen Jahr 90,7 Millionen Tonnen (mt) LPG weltweit, ein Anstieg um 6% gegenüber dem Vorjahr. Die Haupttreiber des LPG-Handelsanstiegs sind die Expansion der US-Exportvolumina aufgrund des erfolgreichen Abbaus von Schiefergas und -öl sowie der steigenden Importe der asiatischen Nationen, vor allem in China, Indien und Korea. ........................................................
      Avatar
      schrieb am 15.09.17 14:25:07
      Beitrag Nr. 139 ()
      es gibt auch einen &quot;übergeordneten&quot;
      Thread: Gaspreis - Erdgas - Gas - Natural Gas: Infos, Fakten, Analysen, Charts und Ausblick zu Erdgas allgemein
      Avatar
      schrieb am 22.09.17 10:53:47
      Beitrag Nr. 140 ()
      WoodMac: LNG production key to carbon emissions rise

      The emission-intensive process of liquefying natural gas will be among the largest contributors to carbon emission growth for the world’s oil and gas majors, Wood Mackenzie said in a study.

      The Edinburgh-based oil and gas consultancy noted that to understand the major drivers of carbon dioxide emissions is key to helping companies manage their portfolios for a lower carbon future.

      One of the key factors in the company’s overall emissions of CO2 is the composition of its portfolio.

      “Since different resource themes such as LNG, heavy oil, or deepwater, demonstrate significantly different emissions intensities, a company’s balance of asset types can significantly affect its overall emissions intensity,” WoodMac said.

      As a result, companies which have a large proportion of emissions-intensive resource themes within their portfolio, such as oil sands, heavy oil and LNG, typically have higher overall emissions intensities.

      The biggest producers of oil and gas have the largest absolute emissions, with the majors having higher emissions than the large caps.

      WoodMac expects the emissions from oil and gas production operations of 25 major producers would jump by 17 percent by 2025.

      WoodMac says its analysis suggests that over the next ten years upstream industry emissions will increase slightly faster than production. This is because three of the primary industry growth themes for the next ten years – LNG, oil sands and heavy oil – have emissions intensities two to three times greater than conventional oil or gas production.

      Emissions from LNG production are forecast to grow by 43 percent over the period surpassing the supply which is expected to grow by 22 percent.

      However, speaking to Reuters, WoodMac’s analyst Amy Bowe said that despite the increase in emissions from LNG production, liquefied natural gas remains the least polluting fossil fuel on a full-cycle basis.

      Conventional onshore oil and gas fields will, however, remain the largest contributor to emissions as well as production by 2025.
      Avatar
      schrieb am 29.09.17 13:37:17
      Beitrag Nr. 141 ()
      ...neue Terminals in Indien:http://www.lngworldnews.com/essar-ports-plans-500-mln-invest…


      Essar Ports plans $500 mln investment in LNG terminals

      Essar Ports is planning to invest some $500 million to build four liquefied natural gas (LNG) terminals within the following 18 months.

      Speaking to Press Trust of India, Essar Ports’ CEO and managing director Rajiv Agarwal said the $500 million would be invested in the first phase of the development that would see the company set up one LNG terminal on the west and east coast each.

      The two ports where the potential projects could be developed are the Hazira and Salaya ports where the company already operates.

      Additional two terminals would be constructed in the second phase.

      It is expected that each facility would have an import capacity of 2.5 to 5 mtpa, with preparations already ongoing, Agarwal said, adding that within the next eighteen months some works could begin.

      To secure funds, Essar Ports intends to sign agreements with banks as well as to tie up its resources as equity.
      Avatar
      schrieb am 06.10.17 01:49:08
      Beitrag Nr. 142 ()
      Hallo hier etwas zu LPG und den Shipping rates aktuell....was meint ihr wie geht es da 2018 weiter...

      https://www.platts.com/latest-news/shipping/singapore/asia-t…

      VLCC time charter equivalent earnings have finally moved above operating expenses for owners, according to market watchers. For a Persian Gulf to Far East voyage at w50, owners are looking at around $13,000-$14,000/day levels. A month ago, the earnings were between $6,000/day and $9,000/day when rates were in the w30s to w40s range.
      Avatar
      schrieb am 20.10.17 16:20:30
      Beitrag Nr. 143 ()
      aus der Q3-Präsentation von GTT:
      Avatar
      schrieb am 29.10.17 13:03:48
      Beitrag Nr. 144 ()
      http://jakartaglobe.id/international/hot-air-us-gas-exporter…



      us-Gas-Exporteure und -Handler versuchen, einen größeren Teil des lukrativen, wachsenden Geschäftes mit dem Export von Gas nach China, dem drittgrößten Käufer der Welt, zu ergreifen, wenn sie den Handelssekretär Wilbur Ross im nächsten Monat nach China begleiten........................................
      Avatar
      schrieb am 31.10.17 10:54:03
      Beitrag Nr. 145 ()
      Avatar
      schrieb am 11.12.17 17:23:22
      Beitrag Nr. 146 ()
      Avatar
      schrieb am 14.12.17 15:40:51
      Beitrag Nr. 147 ()
      Energy Problems
      https://geopoliticalfutures.com/china-reforms-create-new-win…

      Xi has also faced resistance to his attempts to reduce air pollution. Much of the thick haze covering China’s cities is caused by coal, a major source of energy both in the countryside and in urban areas. As a result, Beijing has pushed to rapidly reduce the country’s dependence on coal and replace it with natural gas. But many households, especially in rural and impoverished urban areas, rely on coal for heating and cooking. Switching to a new energy source takes time, and time is one resource Beijing does not have in abundance.

      Small private firms and residential areas have struggle to adopt the changes. Installation of gas infrastructure has lagged behind the removal of coal boilers, leaving residents and small factories without power and heat. With winter on the way, reports have emerged of poor farmers nearly freezing to death in the countryside. Videos of students in freezing classrooms and poor residents unable to cook food have also been widely broadcast.

      Natural gas supplies have been part of the problem. Demand for natural gas has increased, and supplies have not kept pace. The Energy Administration in Guizhou province estimated that China faces a daily gas shortfall of 40 million cubic meters. Shortages have been reported in Beijing, Hebei, Shandong and Guangdong, to name a few places. With burgeoning demand and limited supply, heating homes has become increasingly unaffordable. In the past year alone, the price of natural gas has risen 40 percent. Last week, Beijing relented, announcing that people living in rural areas will be allowed to burn coal and that some coal plants will be restarted to meet demand.
      Avatar
      schrieb am 20.12.17 10:17:19
      Beitrag Nr. 148 ()
      State of the market:
      https://www.lngworldnews.com/worlds-largest-lng-shippers-upb…

      Clippings:

      Many predicted that the global LNG trade would hit the 300 million tonnes mark this year. While it is still early to say whether this number will be reached, the preliminary numbers show that global trade in 2017 could record a rise of about 10 percent year-on-year.

      “LNG trade has grown strongly this year, ” Vincent Demoury, the general delegate of GIIGNL told LNG World News on Wednesday.

      “First estimates indicate that LNG imports in 2017 could be nearing 300 million tonnes,” he said.

      In line with growing trade, the global fleet size has rapidly expanded in the last five years also influenced by events such as the 2011 tsunami in Japan and the collapse in oil and gas prices in 2014.

      According to the data by VesselsValue provided to LNG World News, the total LNG fleet currently stands at 584 vessels out of which 480 ships are in service, 24 have been launched and 80 ships are on order.

      This data does not include floating storage and regasification units (FSRUs). It includes large LNG carriers, midsize and small-scale vessels and RLNG.

      Total operational capacity of the $52.6 billion-worth live LNG fleet amounts to 72.3 million cubic meters, the data said.

      The data also shows that 11 new orders (six in 2016) were placed this year while 27 LNG vessels worth $4.8 billion have been delivered so far in 2017.

      Three FSRU’s were delivered so far in 2017, while 4 of these units were ordered during the year, VesselsValue said.
      Avatar
      schrieb am 05.01.18 11:16:24
      Beitrag Nr. 149 ()
      China’s LNG prices slide as industrial users cut use

      Chinese liquefied natural gas (LNG) prices have slipped from record highs as the industrial users were cut off the supply and turned to cheaper LPG and coal.

      Reuters cites Li Ruipeng, manager at Tangshan Huapu Gas Co a company delivering liquefied natural gas via trucks, as saying that some industrial users were unable to afford the LNG as it reached 9,750 Yuan ($1,500) in Inner Mongolia region.

      Since December 24, the prices have dropped over 40 percent according to the data from the industry publication yeslng.com, Reuters reports.

      The prices dropped as China’s National Development and Reform Commission (NDRC) ordered state-owned companies to cut gas supplies to industrial users by 15 million cubic meters per day. In addition, the prices of domestically produced fuel also had a major impact on the price drop.

      Not only were the industrial users turning away from natural gas but even residential users opted for cheaper liquefied petroleum gas or coal.

      The NDRC has also informed that the supply of natural to North China was boosted by diverting some 14 million cubic meters of gas per day from the south.
      Avatar
      schrieb am 10.01.18 14:43:21
      Beitrag Nr. 150 ()
      Hallo hier auch nochmal eine kleine News

      https://www.platts.com/latest-news/shipping/houston/lpg-lng-…
      Avatar
      schrieb am 21.02.18 18:25:21
      Beitrag Nr. 151 ()
      Indien drückt weiter aufs Gas was LPG angeht die Importe steigen schön weiter

      http://www.hellenicshippingnews.com/feature-indias-lpg-impor…
      Avatar
      schrieb am 22.02.18 11:02:07
      Beitrag Nr. 152 ()
      1 Antwort
      Avatar
      schrieb am 27.04.18 07:23:14
      Beitrag Nr. 153 ()
      Antwort auf Beitrag Nr.: 57.088.926 von R-BgO am 22.02.18 11:02:07Global LNG fleet set for record year
      https://www.lngworldnews.com/global-lng-fleet-set-for-record…

      The global fleet of liquefied natural gas (LNG) carriers is set to be joined by a record number of vessels this year.

      According to the data by VesselsValue provided to LNG World News, 22 LNG vessels worth $3.9 billion have been delivered so far in 2018.

      Another 43 LNG vessels with a price tag of $7.7 billion are scheduled for delivery during the course of this year, the data shows.

      Total capacity of the delivered LNG fleet would amount to 10.23 million cubic meters, by far the largest yearly number ever.




      Image: VesselsValue

      There is a big probability that not all 65 ships will stick to schedule, however, it is more or less obvious that the number of LNG deliveries would hit a yearly record high.

      Worth noting, this data does not include floating storage and regasification units (FSRUs). It includes large LNG carriers, midsize and small-scale vessels and RLNG.

      VesselsValue data says that the total global LNG fleet currently stands at 600 vessels out of which 499 ships are in service, and 101 ships are on order.

      Total operational capacity of the $50.5 billion-worth live LNG fleet amounts to 75.6 million cubic meters.


      Top LNG owners

      Japan-flagged LNG carriers lead the way with a total of 87 vessels followed by Greece with 60 ships and Qatar with 59 vessels, the data shows.

      Capacity-wise, Qatar has the biggest LNG shipping capacity totaling 12.2 million cubic meters followed by Japan with 11.9 million cubic meters and Greece with 9.6 million cubic meters.

      Looking at the value of each fleet, Greece has the first spot, followed closely by Japan and Qatar holding the third place, as shown below.



      Image: VesselsValue

      Qatar’s Nakilat is still the largest owner of LNG vessels having 33 wholly-owned ships in its fleet with a value of 4.9 billion, according to the data.

      These numbers do not include jointly-owned LNG carriers.

      The Bermuda-based Teekay LNG has 22 wholly-owned vessels worth $2.6 billion while Japan’s MOL currently owns 21 LNG ship with a price tag of 2.4 billion, the data said.

      The data also shows that MOL has 15 LNG carriers on order worth $3.1 billion while Teekay LNG ordered 12 additional vessels worth $2.7 billion. Nakilat has no LNG carriers on order.
      Avatar
      schrieb am 01.08.18 11:52:07
      Beitrag Nr. 154 ()
      Avatar
      schrieb am 03.08.18 13:23:15
      Beitrag Nr. 155 ()
      Avatar
      schrieb am 13.08.18 08:44:19
      Beitrag Nr. 156 ()
      Drewry: LNG spot charter rates shoot up on short vessel supply
      https://www.lngworldnews.com/drewry-lng-spot-charter-rates-s…

      LNG charter rates during the summer of 2018 remained strong while the rates for spot charters bumped up during the second quarter of the year hitting their peak since 2012, a report by the shipping consultancy Drewry says.

      Shipowners with modern DFDE vessels chartered out their vessels at $60,000/d in the second quarter of the year, which is about 50 percent higher than the rates seen in the third quarter of 2017.

      At the end of June 2018, some vessels were reportedly fixed at $85,000/d, the level usually seen in the peak of winter, when LNG vessels are in high demand, Drewry said.

      One of the major factors behind the recent rise in charter rates is the declining employability of older LNG carriers because of poor fuel efficiency, higher operating costs, less cargo-carrying capacity and high boil-off rates. Combined, these factors have effectively rendered a number of LNG carriers unemployable, hence squeezing the actual supply of vessels in the spot market, according to the consultancy.

      With regard to fuel efficiency, bunker costs play a major role in decision-making. An old steam turbine vessel can use as much as 215 tonnes of bunker fuel per day, while the average consumption of more modern steam turbine vessels is around 170 tonnes per day. On the other hand, modern DFDE LNG vessels burn only 140 tonnes of bunker, reducing the cost of bunker substantially. For instance, at current IFO bunker prices, a steam turbine vessel will burn $13,000/d of additional bunkers, compared with a modern DFDE ship.

      Another issue, which makes modern DFDE vessels more attractive to charterers, is their ability to reinject the boil-off back into cargo tanks. This is a critical factor, especially on long-haul trades, where a substantial chunk of the cargo is either used as fuel, or simply flared on older ships, Drewry notes.

      Additionally, there are other issues relating to the maintenance, off-hire days, operational flexibility and modern navigation and signaling systems, which are superior on modern vessels. Older vessels also run the risk of frequent breakdowns, which charterers are not willing to take when they have options available.

      Even at a time when charter rates are quite strong, there are at least 24 laid-up steam turbine vessels, which is about 11 percent of the total steam turbine fleet. About 92 percent of these vessels are younger than the average demolition age of LNG carriers over the last five years.

      The current state of LNG vessel employability is challenging the conventional wisdom about the average economic life of LNG carriers, which used to be 35-40 years. If the current trends continue, ship financiers will start taking a more conservative view while financing second-hand assets in the LNG market.

      Year-to-date, 190 spot fixtures were reported and out of those only 59 were for steam turbine vessels or about 30 percent.

      Drewry believes the current rally in charter rates will continue to sustain through to 2019.

      With increasing availability of modern vessels, owing to new deliveries and strong orderbook, the road ahead for older tonnage will be difficult. The traditional steam turbine ships will face tough competition from modern DFDE/TFDE carriers, and their future looks uncertain.

      The reason why shipowners are still holding onto these assets is that they foresee an acute shortage of vessels in 2019, when new liquefaction capacities start operating, however, if it does not work for them, then the only option for them will be to scrap those vessels, the consultancy concludes.
      Avatar
      schrieb am 25.08.18 20:04:24
      Beitrag Nr. 157 ()
      Avatar
      schrieb am 20.09.18 07:44:44
      Beitrag Nr. 158 ()
      2 Antworten
      Avatar
      schrieb am 20.09.18 07:53:38
      Beitrag Nr. 159 ()
      Antwort auf Beitrag Nr.: 58.744.840 von R-BgO am 20.09.18 07:44:44
      allerdings auch:
      https://seekingalpha.com/article/4207210-global-lng-surges-b…

      1 Antwort
      Avatar
      schrieb am 20.09.18 07:59:15
      Beitrag Nr. 160 ()
      Antwort auf Beitrag Nr.: 58.744.921 von R-BgO am 20.09.18 07:53:38
      ein Bild sagt mehr als 1.000 Worte...:
      https://www.ferc.gov/market-oversight/mkt-gas/overview/ngas-…
      Avatar
      schrieb am 23.10.18 08:31:02
      Beitrag Nr. 161 ()
      4 Antworten
      Avatar
      schrieb am 24.10.18 11:37:12
      Beitrag Nr. 162 ()
      Antwort auf Beitrag Nr.: 59.026.126 von R-BgO am 23.10.18 08:31:02
      3 Antworten
      Avatar
      schrieb am 07.11.18 10:53:09
      Beitrag Nr. 163 ()
      Antwort auf Beitrag Nr.: 59.040.067 von R-BgO am 24.10.18 11:37:12
      2 Antworten
      Avatar
      schrieb am 16.11.18 10:20:43
      Beitrag Nr. 164 ()
      Antwort auf Beitrag Nr.: 59.156.376 von R-BgO am 07.11.18 10:53:09
      1 Antwort
      Avatar
      schrieb am 13.12.18 10:37:35
      Beitrag Nr. 165 ()
      Adnoc loads LPG and propylene onto the same vessel in landmark shipment

      DECEMBER 13TH, 2018 Grant Rowles
      https://splash247.com/adnoc-loads-lpg-and-propylene-onto-the…

      Abu Dhabi National Oil Company (Adnoc) this week completed the first co-loading of liquefied petroleum gas (LPG) and propylene onto the same vessel.

      Around 12,600 metric tons of propylene and 33,000 metric tons of LPG were loaded onto a single vessel docked in Ruwais in the UAE, creating a landmark shipment that Adnoc says will slash its shipping costs. The two fuels have to be shipped at different temperatures.

      Abdulla Salem Al Dhaheri, director of marketing, sales and trading at Adnoc, said: “Throughout Adnoc, we are focused on thinking differently to deliver greater value and more efficient operations. This pioneering procedure, the first of its kind in our industry, has the potential to generate significant value for Adnoc.”

      Al Dhaheri added: “This new practice could change the market approach to loading propylene onto larger ships and reduce propylene freight rates dramatically.”
      Avatar
      schrieb am 18.12.18 09:48:09
      Beitrag Nr. 166 ()
      Deutsches FSRU/LNG-Terminal geplant:
      https://www.lngworldnews.com/germanys-uniper-and-japans-mol-…


      Germany’s Uniper and Japan’s MOL ink Wilhelmshaven FSRU deal

      German utility Uniper and Japan’s shipping giant Mitsui O.S.K. Lines have reached an agreement to continue and intensify their efforts to implement a floating storage and regasification unit (FSRU) in Wilhelmshaven, Germany.

      The FSRU will have a planned send-out capacity of 10 billion cubic meters per year and a storage capacity of 263,000 cbm.

      According to a statement by Uniper on Monday, the facility could be in operation as early as the second half of 2022.

      The project benefits from the existing site in Wilhelmshaven where required infrastructure is already in place.

      Wilhelmshaven is the only German deep-water port and can be reached without any tidal constraints. In addition, Wilhelmshaven is closely located to the existing pipeline and gas storage infrastructure, the statement notes.

      MOL has intention to own, operate and finance the FSRU to be used for the project.

      Uniper as project developer said it would continue to work closely with the relevant authorities to receive the permits for the operation of the facility and to gather interest for regasification capacity from additional market participants.

      The FSRU will be designed to allow for the loading of small-scale barges to enable the use of LNG as marine fuel. Further, onward transportation of LNG on trucks will be possible.

      An import terminal in Germany, especially with the planed large regasification capacity in Wilhelmshaven, would “decisively strengthen the security of gas supply in Germany and increase competition to the benefit of end customers,” the statement said.

      This is because it enables large quantities of gas to be procured from the global LNG market and thus serves to diversify gas supplies, which is also being pursued at the political level in Germany and Europe, it said.

      “We are glad that we were able to get such an experienced partner as Mitsui O.S.K. Lines on board for the development of Germany’s first LNG terminal. Our partnership with MOL combined with the FSRU technology as well as Wilhelmshaven’s uniqueness in Germany, provide the fastest and most economical way to realise LNG imports directly into Germany. This will also be to the benefit of the end-customers,” said Keith Martin, Chief Commercial Officer of Uniper.


      Uniper in LNG shipping deal with Hungary’s MOL

      In addition to the agreement in respect of the FSRU Wilhelmshaven, Uniper and Hungary’s MOL entered into a binding transportation agreement.

      Under the deal, MOL will provide Uniper with shipping capacity equivalent to a 180,000-cbm LNG carrier, the statement said.

      The agreement will start in December 2020. Uniper intends to use the additional shipping capacity to optimize LNG volumes sourced from Freeport, U.S., and to further leverage its expanding LNG trading activities, it said.

      Uniper contracted back in 2015 about 0.9 mtpa of US LNG supplies. The supply contract has a duration of 20 years.


      LNG World News Staff
      Avatar
      schrieb am 28.12.18 09:57:15
      Beitrag Nr. 167 ()
      Antwort auf Beitrag Nr.: 59.230.207 von R-BgO am 16.11.18 10:20:43DSME secures 18th LNG carrier order for 2018

      South Korea’s shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) on Thursday said it has secured a new LNG carrier order.

      The company has also secured a renovation and repair deal for three KDX-I class destroyers bringing the total order value to $230 million.

      The liquefied natural gas carrier, capable of transporting 174,000 cubic meters of the chilled fuel will be built for an unnamed shipowner based in Oceania, DSME said.

      Delivery of the gas-fired MEGI LNG carrier featuring a full reliquefaction system is expected by the end of 2021.

      The shipbuilder noted that this year it has clinched orders to build 18 LNG carrier with total orders reaching 47 vessels valued at $6.81 billion, which equates to 93 percent of DSME’s annual target of $7.3 billion.
      Avatar
      schrieb am 05.01.19 12:23:42
      Beitrag Nr. 168 ()
      3 Antworten
      Avatar
      schrieb am 06.02.19 11:07:34
      Beitrag Nr. 169 ()
      Antwort auf Beitrag Nr.: 59.564.468 von R-BgO am 05.01.19 12:23:42LNG demand growth boosts rates, orders and volumes on water
      https://www.lngworldnews.com/lng-demand-growth-boosts-rates-…

      LNG demand growth over the last year has spurred an uptick in activity throughout the LNG markets resulting in higher rates, a rising number of newbuild orders and record volumes of chilled fuel on the water.

      In their quest to meet the rising energy demand an increasing number of countries are turning to natural gas, and liquefied natural gas is seen as the preferred means of transporting required volumes.

      Data provided to LNG World News by VesselsValue shows that interest in the LNG markets is growing as rates for term and spot fixes topped six figures towards the end of last year.

      Charter rates hovered around the $110,000/day from the second half of October before dipping in the second half of December.


      Additional drivers of this growing interest in the LNG markets are the cargo volumes on the water that hit new peaks, as well as an increase in the number of orders large players are placing at yards in Korea and China.

      The number of ships used to carry LNG has surged upwards, with the additional supply of ships expected to commoditize the marketplace and lead shippers away from long-term contracts.

      “This will create a more robust spot market, which has pushed down the average shipping costs in other markets. The lower shipping cost encourages more exports, which causes occasional rate spikes. This, in turn, leads to more orders, and a more vibrant and robust marketplace,” according to VesselsValue.

      Monaco-based GasLog throughout last year stressed that the strong LNG demand, new sources of supply coming onstream and limited availability of shipping capacity over the near-term are combining to create the potential for the strength in LNG shipping spot rates to be sustained through at least early 2019.

      The shipper noted that further shipping capacity will be needed over and above the current orderbook to satisfy projected demand from 2021 onwards.

      VesselsValue notes that LNG demand is expected to rise from 350 mtpa to 400 mtpa through 2022, and with it the demand for large LNG vessels.

      Interest in newbuild orders is rising, although the combined capacity ordered in 2018 is less than was booked in 2014, VesselsValue said. Ship owners appear to be exercising better discipline in ordering during this cycle as a more detailed analysis of the supply and demand situation is possible than at any point in history.





      The LNG carrier fleet as of the end of 2018 stood at 524 vessels on the water and a further 126 vessels on order, data from the VesselsValue shows.

      Large LNG vessels comprised the majority of the fleet at 434 vessels on the water and 105 vessels on order.

      According to VesselsValue, the large LNG fleet currently on the water is valued at $46.9 billion with an additional $20.8 billion worth of vessels on order.
      2 Antworten
      Avatar
      schrieb am 18.02.19 15:00:55
      Beitrag Nr. 170 ()
      Antwort auf Beitrag Nr.: 59.803.080 von R-BgO am 06.02.19 11:07:34
      1 Antwort
      Avatar
      schrieb am 19.02.19 10:28:04
      Beitrag Nr. 171 ()
      Antwort auf Beitrag Nr.: 59.901.092 von R-BgO am 18.02.19 15:00:55
      Avatar
      schrieb am 25.02.19 10:31:56
      Beitrag Nr. 172 ()
      Where were the signs...?
      Avatar
      schrieb am 22.04.19 12:10:40
      Beitrag Nr. 173 ()
      Hyundai LNG Shipping kannte ich noch nicht
      4 Antworten
      Avatar
      schrieb am 22.04.19 13:13:56
      Beitrag Nr. 174 ()
      Antwort auf Beitrag Nr.: 60.397.881 von R-BgO am 22.04.19 12:10:40Laut Avance Gas bewegen sich die Dayrates bei ca 35000 - 42 000 pro Tag aktuell

      https://www.avancegas.com/

      Tendenz wohl Richtung 50 000 Dollar Plus steigend diesen Sommer.

      Welche Dayrates erwartet ihr so diesen Sommer?
      3 Antworten
      Avatar
      schrieb am 26.04.19 17:03:48
      Beitrag Nr. 175 ()
      Antwort auf Beitrag Nr.: 60.397.998 von freddy1989 am 22.04.19 13:13:56
      2 Antworten
      Avatar
      schrieb am 28.05.19 13:50:08
      Beitrag Nr. 176 ()
      Antwort auf Beitrag Nr.: 60.432.666 von R-BgO am 26.04.19 17:03:48Was erwartet ihr so von den LPG Preisen diesen Sommer? welche Dayrates erwartet ihr so?
      Avatar
      schrieb am 29.08.19 01:24:51
      Beitrag Nr. 177 ()
      Antwort auf Beitrag Nr.: 60.432.666 von R-BgO am 26.04.19 17:03:48Hallo in die Runde hier ein kurzes Update

      Was uns so erwartet

      https://www.spglobal.com/platts/en/market-insights/latest-ne…
      Avatar
      schrieb am 31.08.19 18:10:21
      Beitrag Nr. 178 ()
      Gas-Schwemme: US-Fracker schlittern in die Pleite
      https://de.sputniknews.com/kommentare/20190830325672420-us-f…


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