Post on 07-Apr-2018
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GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
1
Evidence of buying interest in northeast Asia for June and July was more apparent this week as the focus on upcoming demand intensified Availability was greater in the Atlantic with Brazil the most likely buyer 2
Canadian Triton LNG receives regulatory export licence 9Japanrsquos energy plan warns about LNG dependence 10Focus 17GLM Comment 26
Prices amp DataNewsShipping costs and netback values 4Bunkers spot delivered prices 5Global LNG tenders 6Trades ex-ship and free on board 7Stocks 14-15Tanker Movements 19-25
Market Report
GLM 1016 | 17 April 2014 | Published by ICIS | wwwiciscomenergy | 26 Pages
Energy Prices News Analysis
Heren Global LNG Markets
Chilersquos state copper miner Codelco has taken its first step towards achieving consist-ent LNG supply for its mining operations in the north of the South American country af-ter signing a long-term agreement with com-patriot gas distribution company Metrogas
Metrogas is expected to deliver volumes to the Mejillones terminal in northern Chile from 2016 as part of an extension to a recently announced short-term supply agreement with the worldrsquos largest copper producer multiple Americas-based sources told ICIS
Gas will be sourced by Metrogas through its existing supply contract for the Quintero terminal in central Chile with British portfolio supplier BG Group
Under the amended terms of the supply agreement reached between the parties in 2012 Metrogas is able to divert volumes from Quintero to other Chilean ports
ldquoMetrogas will resell the gas to Codelco The agreement is on a long-term period and
is based on the low price at which Metrogas buys LNG from BG Group and the fact that they can decide between Quintero and Mejil-lonesrdquo a South American source told ICIS
A Metrogas spokesperson declined to comment on the nature of companyrsquos future supply commitments with Codelco when contacted by ICIS A Codelco spokesperson did not respond to requests for comment submitted by ICIS
Although the exact volumes that Metro-gas will send to Codelco are undefined the Santiago-based gas distributor is already un-derstood to have fully allocated its Quintero volumes for 2016 onwards
Existing customers of the distributor will not see contracts up for renewal next year extended as Metrogas looks to guarantee supplies to Codelco one Americas-based source told ICIS
This includes the reallocation of at least two 160000cbm cargoes a year provided to power generators on the countryrsquos ❯❯ Page 13
SPOT DES PRICES $MMBtu
Location Jun 14Week-on-week diff Jul 14
Week-on-week diff
EAX 14950 -0050 15150 naJapan 14975 -0050 15150 na
India 14400 0000 14400 na
Spain 12799 1057 12268 na
Britain 8623 0399 8740 na
Argentina 14840 -0150 14830 na
CHARTER RATES $d
Price Diff
Atlantic prompt 63000 -1000
Pacific prompt 61000 -3000
Atlantic mid-term 60000 0
Pacific mid-term 60000 0
Atlantic long-term 55000 0
Pacific long-term 55000 0
FORWARD GAS MARKETS UK NBP (ICIS) $MMBtu
May 14 8784 8578 0206 10447 -1663
Jun 14 8740 8525 0214 10286 -1547
Jul 14 8872 8628 0244 10252 -1380
Aug 14 8985 8722 0263 10363 -1378
Sep 14 9105 8779 0326 10313 -1209
Oct 14 9771 9294 0478 10623 -0852
16 Apr
149 Apr
14Change on week
16 Apr 13
Change on year
FORWARD GAS MARKETS US HENRY HUB (NYMEX) $MMBtu
May 14 4530 4586 -0056 4160 0370
Jun 14 4549 4593 -0044 4188 0361
Jul 14 4589 4624 -0035 4230 0359
Aug 14 4589 4619 -0030 4256 0333
Sep 14 4568 4596 -0028 4247 0321
Oct 14 4580 4604 -0024 4255 0325
16 Apr
149 Apr
14Change on week
16 Apr 13
Change on year
CONTRACT GAS MARKETS (ICIS) $MMBtu
May 14 10431 16276
June 14 10429 16288
July 14 10350 16221
August 14 10353 16180
September 14 10358 16158
October 14 10395 16106
NW Europe Oil - Indexed
Japan Import
Codelco eyes long-term Metrogas LNG diversions
BP and Shell to supply Kuwait with third seller in the wingsAnglo-Dutch major Shell and UK-head-quartered BP have signed agreements to supply Kuwait with LNG over a five- to six-year period a Kuwait Petroleum Corp (KPC) official was quoted as saying on 13 April in the local media
Jamal Al-Loughani deputy managing director of marketing operations at KPC told the Kuwaiti daily newspaper Al-Seyassah that three portfolio sellers will supply KPC with a total of about 25mtpa of LNG with deliver-ies expected to be allocated over Kuwaitrsquos peak summer demand season which typically runs from end-March to November
KPC is expected to sign the supply con-tract with a third company by the end of this week Al-Loughani added While the identity
of the third supplier was not revealed Qatar-gas and Russian incumbent Gazprom were both mentioned as potential suppliers by industry sources
Gazprom said on 25 March that it was looking to expand cooperation with Kuwait on LNG The company supplied two spot cargoes to the country in 2011
However a source familiar with the issue said that negotiations between KPC and Gazprom involved deliveries of the proposed Vladivostok project volumes rather than existing mid-term volumes for delivery to a planned Kuwait onshore terminal from 2020 The supplier of mid-term volumes in the interim would be Qatargas according to the source ❯❯ Page 15
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
2GLM 1016 | 17 April 2014 | wwwiciscomenergy
Market Report
Petrobras was heard to have been awarded
one of the June Galp cargoes
❯❯
Evidence of buying interest in northeast Asia for June and July was more apparent this week as the focus on upcoming demand intensified Availability was greater in the Atlantic with Brazil the most likely buyer
OJO
IMA
GESREX
FEATU
RES
June-July demand in focus
Asian markets were back in contango with July at a premium to June amid increasing evidence that the recent reduction in prices in the region may have bottomed out
Prompt supply availability is well balanced globally but is said to have grown stronger in the Atlantic than in the Pacific basin with more flexible volumes emerging from Nigeria and Spain Demand from Brazil meanwhile continues to make it the premium buyer in South America
Brazilrsquos state-owned importer Petrobras was awarded a free-on-board (FOB) Nige-rian cargo for loading on 2 June while other prompt cargoes from west Africa have also been offered and transacted
In the Pacific basin some traders also said they expected imminent offers from the new Papua New Guinea LNG facility Project de-veloper ExxonMobil has said first volumes will be exported by mid-year and once the ramp up is complete one source estimated as many as four or five spot cargoes could be available per month
With Japanese buyers absent from recent buying activity Indian buyers have stepped up short-term procurement Following GSPC ruptured supply contract with GAIL GSPC has become another buyer on the market likely to procure six or seven more cargoes
this year Other Indian companies were heard to be in the market for May-June at prices under $1500MMBtu
In Europe Qatari deliveries into the UK continued to pick up mirroring the trend of 2013 while the first ship-to-ship transfer of the year was concluded at the Montoir termi-nal on Francersquos Atlantic coast
The outgoing ICIS East Asian Index (EAX) for May expired at $1521MMBtu having shed 8 over its period as front month The June index was pegged at just below $1500MMBtu with July at a $020MMBtu premi-um Japanese electricity utilities are expected to come to market to cater for heightened seasonal power generation demand
African volume there ndash Brazil key US-based energy supplier Chevron was heard to be offering at least two cargoes from Nigeria LNG (NLNG) with one available for late-May lifting and another linked to a 21 June loading Portuguese NLNG offtaker Galp is understood to have originally sold FOB cargoes for lifting on 2 June and 21 June to Petrobras and Chevron respectively
Achievable netback values for Nige-rian cargoes are substantially higher for June delivery into South America than into northeast Asia with Brazil still looking like
Market Report
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
3GLM 1016 | 17 April 2014 | wwwiciscomenergy
the most plausible buyer Petrobras however was also heard to have been in discussions for strip deals from BP and Shell to cover the upcoming months which could limit its spot demand
On the other hand there were increased signs that the warming weather pattern El Nino could soon appear The impact on Brazil could be a continuation of the dry weather which has increased the need for LNG be-cause of low hydro-power generation Reser-voir levels remain low across key generating regions
The GDF SUEZ Neptune brought a cargo into the floating storage and regasification unit at Brazilrsquos Guanabara Bay on 13 April ndash the third cargo brought in by the Paris-based portfolio supplier GDF SUEZ
Malaysiarsquos PETRONAS lifted the Seri Bega-wan as a reload from Zeebrugge on 13 April with the vessel due to arrive in Brazil on 30 April This would be the eighth cargo into Brazil in April In May 2013 Petrobras took in 10 cargoes
Argentinean state-buyers ENARSA and YPF could release a tender for June deliveries but no announcement has so far emerged
The LNG demand outlook is more muted from other South American countries Chilersquos Quintero terminal is expecting two spot de-liveries in the second quarter with buyers not expecting to require additional volume over the countryrsquos winter period
The LNG-purchasing GNL consortium is understood to have taken a spot cargo from BG for arrival in May with Shell to deliver another cargo in the first half of June Both cargoes were understood to originate from Trinidad in the low $1600sMMBtu when agreed in late March
No immediate demand is expected from Mexicorsquos state-run utility CFE
Japan June demand surfacesThe relative lull in bidding interest from Japan recently has showed some signs of drawing to a close with three utility buyers reportedly bidding in the mid-$1400sMMBtu for June delivery At least four utilities were heard to have tank space but waiting to see if further price falls would come
But with northeast Asian markets show-ing a contango from June into July the delivery window for opportunistic buys is considered finite and closing The July DES price is above $1500MMBtu as power con-sumption across Japanese urban centres is expected to rise in line with seasonal demand for air-conditioning
The Japanese Meteorological Agency said there was a 40 probability of above-normal temperatures between June and August in several key regions of the country which would typically support the need for marginal LNG imports over the period
Visibility on July pricing in key Asian mar-kets was limited however with sellers said to
be holding offers back in case demand more clearly rebounded
In more recent spot ship movements Chinarsquos state owned buyer CNOOC was con-sidered the most likely winner of the recent Angola tender with the 160000cbm Sonan-gol Etosha headed for the CNOOC-controlled Zhejiang Ningbo terminal on 17 April Sources said the cargo was sold in the high $1400sMMBtu but this was not confirmed
Ship data also revealed another spot de-livery into China aboard the Statoil-controlled 155000cbm Arctic Aurora which is due to arrive at delivery an unidentified Chinese port on 18 April
In Japan the PETRONAS-controlled 145000cbm Seri Angkasa was due into the Oita terminal with a Nigeria-sourced cargo on 19 April Regional utility Kysuhu Electric is the main capacity holder at the terminal
Clarity on plant turnarounds The usual shutdown slate is kicking in over the spring period with more to come in the second half of the year However market impact was seen as limited with the loss of volume already factored in
The 33mtpa train two at Atlantic LNG in Trinidad was heard to have gone down for five days from 17 April The third train was reportedly due to undergo maintenance for six days from 1 July with train one also down for six days in August
Norwayrsquos Snohvit will shut down from 2 May to 9 June Two cargoes delivered from the facility into the Dutch Gate terminal were partly acting as storage for Statoil ahead of the shutdown sources said
A trader said the single-train Angola plant had begun 15 days of maintenance at the start of April with a 50-60 day outage planned from July-August
Spain still busy more into UKA further five reloads are planned from Spanish terminals in the second half of April ndash with Cartagena the most active While the push for fresh business appeared to slow down in the run up to the Easter holiday period six reloads are planned for May with an additional one straddling the end of April start of May This is double the number of reloads done last May
The EDFT-controlled 160000cbm Cool Voyager was due into Cartagena on 20 April with the cargo reload said to be due to go to South Korea The FOB reload price has hov-ered in the $1300sMMBtu in recent weeks
In the UK the trend of rising Qatari cargoes into South Hook in April continued in a similar trend to last year A total of five cargoes have already arrived into the Welsh facility with a further two scheduled in by the end of the month This would represent the highest volume intake since last November
Last April South Hook imports also jumped month on month to reach
CNOOC was considered the most likely winner
of the recent Angola tender
❯❯
❯❯ Page 5
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
4GLM 1016 | 17 April 2014 | wwwiciscomenergy
Spot Netback Indications
0
4
8
12
16
20
AustraliaNortheast AsiaTrinidadFar EastWest AfricaNorth AfricaMiddle East
Huelva Bahia Blanca TokyoHaziraIsle of Grain
PRODUCING REGION NETBACKS FROM KEY MARKETS $MMBtu
Middle East North Africa West Africa Far East Trinidad Northeast Asia Australia N Europe
Tokyo 1522 2491 2478 0645 3123 0306 0919 3147
Pyeong Taek 1454 2410 2400 0591 2984 0403 0889 3067
Guangdong 1214 2163 2158 0391 2732 0559 0702 2815
Yung An 1248 2198 2187 0390 2768 0507 0687 2851
Singapore 0899 1839 1863 0236 2505 0760 0467 2485
Map Ta Phut 1066 2010 2028 0311 2667 0755 0625 2660
Hazira 0392 1407 1648 0764 1965 1419 0924 2031
Jebel Ali 0158 1350 1667 0974 2144 2014 1111 1968
Mina Al Ahmadi 0172 1453 1832 1066 2008 1699 1200 2085
Aliaga 1171 0413 1189 1732 1210 2375 1858 1028
Revithoussa 1166 0385 1160 1724 1181 2365 1835 0999
Rovigo 1318 0426 1203 1878 1223 2523 1990 1039
Huelva 1483 0196 0836 2049 0844 2698 2176 0673
Sines 1512 0224 0831 2083 0824 2732 2210 0636
Rotterdam 1751 0447 1059 2307 0983 2976 2450 0407
Zeebrugge 1751 0447 1059 2307 0983 2976 2450 0407
Montoir 1670 0379 0980 2236 0920 2887 2349 0519
Isle of Grain 1748 0445 1047 2310 0977 2974 2448 0407
Sabine Pass 2514 1184 1440 2821 0590 4006 3636 1294
Quintero 2328 1901 1565 2265 1573 2103 2007 2311
Pecem 1866 0820 0716 2266 0473 3103 2048 1225
Bahia Blanca 2094 1381 1094 2296 1103 2433 2078 1807
SHIPPING COSTS $MMBtu
Middle East North Africa West Africa Far East Trinidad Northeast Asia Australia N Europe
Tokyo 13453 12484 12497 14330 11852 14669 14056 11828
Pyeong Taek 13471 12515 12525 14334 11941 14522 14036 11858
Guangdong 13711 12762 12767 14534 12193 14366 14223 12110
Yung An 13727 12777 12788 14585 12207 14468 14288 12124
Singapore 13731 12791 12767 14394 12125 13870 14163 12145Map Ta Phut 13664 12720 12702 14419 12063 13975 14105 12070Hazira 14008 12993 12752 13636 12435 12981 13476 12369
Jebel Ali 13742 12550 12233 12926 11756 11886 12789 11932
Mina Al Ahmadi 14428 13147 12768 13534 12592 12901 13400 12515
Aliaga 11679 12437 11661 11118 11640 10475 10992 11822
Revithoussa 11384 12165 11390 10826 11369 10185 10715 11551
Rovigo 10932 11824 11047 10372 11027 9727 10260 11211
Huelva 11316 12603 11963 10750 11955 10101 10623 12126
Sines 11286 12575 11967 10716 11975 10066 10589 12163
Rotterdam 7966 9269 8657 7410 8734 6740 7267 9309
Zeebrugge 7860 9164 8552 7304 8629 6635 7161 9204
Montoir 7041 8331 7731 6475 7791 5823 6362 8191
Isle of Grain 6875 8178 7576 6313 7646 5649 6175 8215
Sabine Pass 10296 11626 11370 9989 12220 8804 9174 11516
Quintero 12382 12809 13145 12445 13137 12607 12703 12399
Pecem 13094 14140 14244 12694 14487 11857 12912 13735
Bahia Blanca 12746 13459 13746 12544 13737 12407 12762 13033
NETBACK VALUES $MMBtu
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
5GLM 1016 | 17 April 2014 | wwwiciscomenergy
0
2
4
6
8
10
0
4
8
12
16
20
Feb2014
Dec2013
Oct2013
Aug2013
Jun2013
Apr2013
Feb2013
$M
MBt
u
Billions of cubic feet
Sour
ce N
YMEX
US
Dep
t of E
nerg
y
Weighted average LNG import price Settlement front-month Henry Hub LNG volume
3
4
5
6
7
8
9
10
11
12
13
1 Apr2014
3 Mar2014
3 Feb2014
2 Jan2014
2 Dec2013
1 Nov2013
Sour
ce I
CIS
Her
en
Henry HubNBP
939000 tonnes from Qatar in line with the end of the winter demand profile in north-east Asia NBP prices currently represent one of the lowest netback values with the front month at more than a three-year low ndash in part as a result of the increase in LNG arrivals But the liquidity of the hub and availability of buyers is still a useful flexible tool for spare cargoes
First 2014 STS transfer at MontoirThe French Montoir LNG facility carried out the first ship-to-ship transfer of the year on 12 April on two GDF SUEZ vessels Snohvit-sourced LNG was transferred over a period of two days from the 177000cbm Grace Dahlia to the 150000cbm Grace Barleria The latter was likely to head to South Korea to either of the countryrsquos independent importers GS Caltex or SK EampS a source said
Surge in shipping activityMore than 10 LNG carriers have been chartered in the last three weeks according to shipping sources with a growing discrepancy in rates in the Atlantic and the Pacific Ship owners have been more willing to renegotiate on re-delivery terms while keeping charter rates above $60000day for dual fuel diesel electric (DFDE) ships and in the $50000sday for steam turbine propulsion ships GDF SUEZ EDFT and Trafigura were all heard to have chartered 2013-built DFDE vessels
Market Report ❯❯ Continued from page 3
BUNKERS SPOT DELIVERED PRICES $tonne
IFO 380 IFO 180 MDO
IFO 380 IFO 180 MDO
Location 16042014 09042014 Change 16042014 09042014 Change 16042014 09042014 Change
Rotterdam 58550 57950 104 60450 60450 000 na na na
Fujairah 59850 59100 127 63400 62750 104 na na na
Houston 59800 58700 187 65600 65150 069 na na na
Location 17042014 10042014 Change 17042014 10042014 Change 17042014 10042014 Change
Singapore 58300 58300 000 60600 60600 000 91500 89800 189
NBP vs HENRY HUB MAY rsquo14 CONTRACT $MMBtu
HENRY HUB vs LNG PRICES 20132014
0
5
10
15
20
25
11 Apr2014
17 Mar14 Feb16 Jan12 Dec13 Nov14 Oct13 Sep13 Aug15 Jul13 Jun14 May11 Apr2013
NBPEAX
$M
Mbt
u
EAST ASIA VS NBP FRONT-MONTH HISTORIC CLOSES
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
6GLM 1016 | 17 April 2014 | wwwiciscomenergy
Tenders
Additional fields and history are available via the ICIS FTP service These include additional deliverylifting details and tender participants
LATEST GLOBAL LNG TENDERS 17 APRIL 2014
Buysell Tenderer
Shipping basis Location
No of cargoes
DeliveryLifting start
DeliveryLifting end
Tender open
Tender close Status
Information updated
Sell Angola LNG DES Soyo 1 01042014 3004201420032014-31032014
01042014 TBC 24032014
Sell Angola LNG DES Soyo 1 24032014 2503201410032014-24032014
25032014 Awarded 11042014
Buy PTT DES Map Ta Phut 1 05052014 2005201424032014-02042014
03042014 Awarded 09042014
Buy PTT DES Map Ta Phut 1 01042014 1504201401022014-28022014
01022014-28022014
Awarded 02042014
Sell Galp Energia FOB Bonny 6 01102015 01102020 14032014 19032014 Awarded 18032014
Buy ENARSAYPF DES Escobar 1 26052014 30052014 12032014 25032014 Closed 26032014
Buy ENARSAYPF DES Bahia Blanca 1 01052014 07052014 12032014 25032014 Awarded 28032014
Sell NWS LNG DES or FOB Dampier 5 15042014 11052014 06032014 11032014 Awarded 31032014
Sell Angola LNG DES Soyo 1 11032014 12032014 06032014 TBC Awarded 17032014
Buy PTT DES Map Ta Phut 1 16042014 30042014 04032014 11032014 Awarded 02042014
Sell Angola LNG DES Soyo 1 25022014 26022014 20022014 03032014 Closed 04032014
Sell Galp Energia DES or FOB Bonny 30 01102015 01102020 18022014 05032014 Awarded 19032014
Buy ENARSAYPF DESBahia Blanca
Escobar1 21042014 30042014 14022014 19022014 Cancelled 21022014
Buy ENARSAYPF DESBahia Blanca
Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014
Sell Angola LNG DES Soyo 1 15022014 16022014 11022014 17022014 Awarded 20022014
Sell Angola LNG DES Soyo 1 04022014 04022014 10022014 Awarded 10022014
Buy ENARSAYPF DES Bahia Blanca 3 01022014 10012014 15012014 Partial Award 17012014
Buy ENARSAYPF DES Escobar 2 01022014 10012014 15012014 Cancelled 17012014
Sell Enel FOB Bonny 6 01102014 30092015 09012014 27012014 Awarded 12022014
Trades
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
7GLM 1016 | 17 April 2014 | wwwiciscomenergy
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
PETROBRAS KOCH 1-30032014 1-30062014 TBC TBC Bonny Brazil 11042014
GNL Chile SHELL 17-21032014 1-15062014 $1600-1620 TBC Point Fortin Quintero 11042014
GNL Chile BG GROUP 17-21032014 1-30052014 $1600-1620 TBC Point Fortin Quintero 11042014
TBC TRAFIGURA TBC 30042014 TBC Golar Seal Reganosa Taiwan 11042014
PETROBRAS PETRONAS TBC 30042014 TBC Seri Begawan Zeebrugge Brazil 14042014
ASIAN BUYER TBC TBC 07-31042014 TBCCastillo
SantistebanBonny Asia 01012014
ENARSA BP 18-22102013 27042014 $1500-1550 Celestine River Cartagena Bahia Blanca 01042014
ENARSAGAS NATURAL
FENOSA18-22102013 25042014 $1500-1550 Polar Spirit Point Fortin Escobar 01042014
KOGAS TBC TBC 23042014 TBC Wilforce Bonny Tongyeong 07042014
ENARSA STATOIL TBC 22042014 $1500-1550 Arctic Voyager Snohvit Bahia Blanca 10042014
KYUSHU ELECTRIC
TBC TBC 19042014 TBC Seri Angkasa Bonny Oita 01012014
CNOOC ANGOLA LNG TBC 17042014 $1450-1490Sonangol
EtoshaSoyo
Zhejiang Ningbo
11042014
ENARSA BP 18-22102013 17042014 $1500-1550 British Diamond Huelva Bahia Blanca 10042014
CFEPEMEX TRAFIGURA 10052013 17042014 $18-1900 Gallina Point Fortin Manzanillo 21022014
ASIAN BUYER TBC 06032014 1-15042014 TBCSonangol
SambizangaSoyo Senboku 01012014
PETROBRAS GDF SUEZ TBC 14042014 TBCGDF SUEZ Neptune
Point FortinGuanabara
Bay11042014
CPC GDF SUEZ TBC 14042014 TBCBW GDF Suez
BrusselsBalhaf Yung An 10032014
CNOOC YEMEN LNG TBC 14042014 TBC Seri Balqis Balhaf Fujian 05042014
GSPC RASGAS 1-15032014 11042014 $1637 Fuwairit Ras Laffan Dahej 17042014
ENARSAGAS NATURAL
FENOSA18-22102013 12042014 $1500-1550 SCF Arctic Point Fortin Escobar 10032014
PETROBRAS TBC TBC 12042014 TBC WilEnergy Sagunto Salvador 01042014
CHUBU ELECTRIC
NLNG TBC 10042014 TBC LNG Imo Bonny Kawagoe 10032014
ENARSA BP 18-22102013 09042014 $1500-1550British
MerchantPoint Fortin Bahia Blanca 10042014
TBC PERTAMINA TBC 09042014 TBC LNG Aries Bontang TBC 01042014
OSAKA GAS ANGOLA LNG TBC 04042014 TBCSonangol
SambizangaSoyo Senboku 08042014
ENARSA GAZPROM 21022014 1-7042014 $1950-2000 TBC TBCEscobar
Bahia Blanca21022014
TOKYO GAS BG TBC 07042014 TBC Gaslog Skagen Point Fortin Ohgishima 10032014
PETROBRAS BG TBC 07042014 TBCMethane
Mickie HarperPunta Europa
Guanabara Bay
01042014
PETROBRAS BP TBC 05042014 TBC British Emerald SaguntoGuanabara
Bay01042014
CHENIERE BG TBC 04042014 TBC Clean Energy Point Fortin Sabine Pass 07042014
ENARSAGAS NATURAL
FENOSA18-22102013 02042014 $1500-1550 LNG Libra Point Fortin Escobar 10032014
TEPCO BP16012014 - 15022014
01042014$1900sMMBtu
British Sapphire Sagunto Negishi 05032014
GAILEXCELERATE
ENERGY03012014 01042014 $1550-1600 Explorer Reganosa Dahej 10032014
ENARSA SHELL 17012014 1-3132014 $1800s TBC TBC Bahia Blanca 17012014
TEPCO RWE TBC 29032014 TBC Gaslog Chelsea Snohvit Kisarazu 01032014
PETROBRAS STATOIL TBC 29032014 TBC LNG Jupiter SnohvitGuanabara
Bay13032014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
Trades
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
8GLM 1016 | 17 April 2014 | wwwiciscomenergy
FREE ON BOARD TRANSACTIONS
Buyer SellerTransaction
dateLifting period
Price $MMBtu
Vessel Load PortInformation
updated
EXCELERATE ENERGY
GAS NATURAL FENOSA
10042014 Wilpride Spain 03032014
GLENCORE TBC 1-30042014 $1300s TBC Spain 26032014
PETROBRAS TBC 23042014 Excelsior Bonny Island 26032014
PETROBRAS DONG 06042014 Excalibur Rotterdam 26032014
TBC BG 4-5042014Methane Heather
SallyDampier 07042014
EXCELERATE ENERGY
IBERDROLA 01122013 13032014 Explorer Ferrol 26032014
PETROBRAS TBC TBC 10032014 Expedient Point Fortin 03032014
RWE GDF SUEZ 1-31012014 15-28022014 $1600-$1620 TBC Snohvit 05022014
PETROBRAS TBC 1-31012014 08022014 Wilgas Sagunto 31012014
GAZPROM TBC TBC 04022014 LNG Pioneer Ras Laffan 12022014
PETROBRAS CONOCOPHILLIPS TBC 01022014 $1467 Excelsior Freeport 12022014
GAZPROM NLNG TBC 20012014 Lena River Bonny Island 12022014
BP ITOCHU TBC 20012014 British Sapphire Gwangyang 05022014
GLENCORE RWE 20112013 28122013 Lobito Snohvit 21112013
VITOL ECONGAS 2511-6122013 14122013 Ben Badis Rotterdam 12122013
BP EDP 1-7112013 14122013 $1450 Celestine River HuelvaFos 26112013
PETROBRAS TBC 09122013 LNG Capricorn Sagunto 02122013
BP CONOCOPHILLIPS 11102013 25112013 $1345 British Merchant Freeport 22112013
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
KOGAS TOTAL TBC 28032014 TBC Meridian Spirit Bonny Tongyeong 10032014
ENARSA BP 18-22102013 28032014 $1500-1550 British Ruby Point Fortin Bahia Blanca 10032014
ASIAN BUYER GAZPROM TBC 28-31032014 TBC Lena River Reganosa TBC 01012014
CPC BG GROUP 16-31012014 26032014 $1900sMethane Becki
Anne Punta Europa Yung An 27032014
CNOOC ANGOLA LNG 03032014 26032014 $1700s Malanje Soyo Guangdong 10032014
TOKYO GAS SHELL TBC 26032014 TBCLNG River
Orashi Bonny Kawasaki 10032014
PETROBRAS REPSOL TBC 25032014 TBCValencia Knutsen
ZeebruggeGuanabara
Bay10032014
TEPCO GDF SUEZ 16-31012014 24032014 1900sLalla Fatma NrsquoSoumer
Arzew Futtsu 18032014
GAILGAS NATURAL
FENOSATBC 23032014 TBC Iberica Knutsen Bonny Dabhol 20032014
PETROBRAS GDF SUEZ TBC 22032014 TBCGDF SUEZ
BostonPoint Fortin
Guanabara Bay
20032014
ENARSAGAS NATURAL
FENOSA18-22102013 20032014 $1500-1550 Polar Spirit Point Fortin Escobar 10032014
ENARSAGAS NATURAL
FENOSA18-22102013 12032014 $1500-1550 SCF Polar Point Fortin Escobar 10032014
PETROBRAS BG GROUP TBC 11032014 TBCMethane
Patricia CamilaPunta Europa
Guanabara Bay
10032014
GLENCORE KOGAS TBC 04032014 TBC WilEnergy Sagunto Pyeongtaek 10032014
PETROBRAS NLNG TBC 02032014 TBC LNG Ondo BonnyGuanabara
Bay24022014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
9GLM 1016 | 17 April 2014 | wwwiciscomenergy
Canadian Triton LNG receives regulatory export licence Calgary-based AltaGas and its Japanese refining partner Idemitsu have received a 25-year export licence from Canadian energy regulators for their joint small-scale LNG ex-port project
The proposed venture which would either be located near Kitimat or Prince Rupert in British Columbia envisages a floating lique-faction storage and offloading (FLSO) vessel which would include two liquefaction trains
Known as Triton LNG the project received approval to export 23mtpa on 16 April from Canadarsquos National Energy Board (NEB) as well as an additional 15 annual tolerance as per Canadian export standards
ldquoWe have determined that the quantity of gas proposed to be exported by Triton LNG is surplus to Canadian needs The board is satis-fied that the gas resource base in Canada as well as North America is large and can ac-commodate reasonably foreseeable Canadian demand the proposed LNG exports and a plausible potential increase in demandrdquo the NEB order stated
Given the abundance of shale gas in North America the US is no longer importing Cana-dian gas which has stranded the countryrsquos gas reserves and spurred LNG export projects to be developed along the west coast of British Columbia
The Western Canadian export projects are targeting premium northeast Asian markets and Asian companies such as Idemitsu have partnered directly with project proponents through equity and offtake agreements in order to help commercialise the gas
However the Canadian liquefaction ventures and associated pipelines which are developed at a greenfield cost have stalled in reaching final investment because of the cost uncertainties associated with developing in such a rugged and remote environment
Canadarsquos provincial government officials and regulatory authorities have viewed themselves as backers of the LNG industry promoting the country as a desirable location to develop large energy infrastructure projects such as LNG exports
The next project awaiting its export licence is Goldboro LNG a scheme developed by Pieri-dae Energy in Guysborough Nova Scotia on the east coast of Canada The 10mpta project has a 5mpta agreement in place with German utility EON on a European hub-indexation The project seeks to supply the LNG by requesting a flow reversal on the Maritimes and Northeast Pipeline that runs from Canada to the US
The gap between the NEBrsquos last approval ndash on 16 December 2013 ndash and the Triton LNG approval on 16 April perhaps signals a more cautious approach by the government
While not as lengthy as the time that it took for the US Freeport LNG project to receive its long-awaited non-free trade agreement (non-FTA) export licence from the US Depart-ment of Energy (DOE) the four-month pause between the Canadian projects has been the longest time period yet between approvals
In the interim the NEB also approved a 25-year application in February for a US pro-ject proposed on the west coast the planned 6mpta Jordan Cove venture developed by Cal-gary-based infrastructure company Veresen The Jordan Cove scheme proposes importing Canadian pipeline gas into the US and then bringing the volumes to the greenfield site in southwest Oregon to export as LNG
Triton LNG is the ninth project with a Cana-dian export licence
The NEB approved a batch of four projects in December 2013 These included BG Grouprsquos Prince Rupert facility Malaysiarsquos PETRONAS 12mtpa Pacific NorthWest the ExxonMobil-Imperial Oil venture WCC and the Woodfibre LNG export project developed by the Singa-pore energy company Pacific Oil amp Gas
Royal Dutch Shell is leading a consortium with Chinarsquos PetroChina Japanese trading company Mitsubishi and Korearsquos KOGAS for a planned 12mtpa facility in Kitimat
The first Canadian project to receive its ex-port licence was in October 2011 the planned 10mtpa Kitimat LNG project which is now being jointly marketed by US-based producer Chevron and exploration and production com-pany Apache Corporation Ruth Liao
GIIGNL corrects annual reportA mid-term agreement between the An-gola LNG consortium and Brazilrsquos state-run Petrobras in the International Group of LNG Importers (GIIGNL) report published on 8 April was incorrect according to the organi-sation The initial report stated that the two companies reached an agreement in 2013 for
400000 tonnes per annum on a four-year basis on delivered ex-ship (DES) terms
The information was considered incor-rectly documented as a wrong assumption and GIIGNL has since reissued a final report on its website removing the contract infor-mation Ruth Liao
Russia aims to finalise gas talks with China by MayRussiarsquos incumbent producer Gazprom hopes to finalise a 30-year gas agreement to supply China prior to President Vladimir Pu-tinrsquos approaching visit Arkady Dvorkovich Russiarsquos deputy prime minister said on 14 April as quoted by the Russian media
ldquoOn gas the talks are nearing a close and there is a mutual intention to finish this work before the Russian presidentrsquos visit in Mayrdquo Dvorkovich said during a televised government meeting
ldquoConsultations are ongoing and Gazpromrsquos management are holding talks with Chinese partners on the contract terms We hope to conclude the contract in May and believe it should come into effect by the year endrdquo Dvorkovich said
The agreement would involve the export of 38 billion cubic metres (bcm)year of pipe-line gas starting in 2018
Volumes could be ramped up to 70bcmyear over the course of 30 years The framework agreement between Gazprom and government-controlled China National Petroleum Corporation was signed back in 2009
Negotiations have taken place over the course of the last 10 years with pricing seen as the main roadblock to reaching the agree-ment
However with growing political tensions over Russiarsquos involvement in Ukrainersquos crisis and the subsequent annexation of Crimea China could have gained a bargaining ad-vantage with the potential increasing isola-tion of Russia from western gas markets
Russia has been actively seeking alterna-tive markets in Asia to export gas either through pipeline from fields mainly in Si-beria and the Russian Far East or as LNG to decrease dependence on European imports Russia has few exports markets for gas out-side Europe
lsquoEconomic sanctions from the EU cou-pled with potential competition of shale gas exports from the US ndash as LNG or shale gas develops in Europe ndash could mean a diminish-ing market for Russian gas
As a result Russian export strategy has become mainly Asia-oriented with the po-tential development of several LNG projects including Vladivostok and the expansion of the Sakhalin-2 LNG project with another train
China needs gas to satisfy its growing energy needs as well as to replace coal-fired power generation in densely populated parts of the country Roman Kazmin
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
10GLM 1016 | 17 April 2014 | wwwiciscomenergy
Japanrsquos energy plan warns about LNG dependenceJapanrsquos cabinet has approved a new basic energy plan which defines coal and nuclear power as the key baseload sources of power generation and relegates LNG to an inter-mediate load source status according to the plan released by the Japanese Ministry of Economy Trade and Industry (METI) on 11 April The energy plan which lays out the countryrsquos energy policies for the next 20 years warned about the need to avoid exces-sive reliance on high-priced LNG imports as a substitution for nuclear power generation but did not include any numerical targets for the countryrsquos long-term energy mix
ldquoJapan should avoid excessive depen-dence on LNG as a source of power genera-tion and promote cost reductions by diversify-ing its supply sourcesrdquo the plan said
The plan suggests a number of actions that can be taken at the corporate and in-stitutional levels to reduce the cost of LNG imports such as diversifying contract price indexations eliminating destination restric-tions increasing investment in upstream developments and supporting joint procure-ment agreements to increase buyersrsquo bar-gaining power
ldquoIt is necessary to continue to support strategic efforts towards joint procurementrdquo the plan said
The plan anticipates that US shale gas exports will have a positive impact on the Japanese and global markets from 2017 as these contracts will be linked to the US Henry Hub gas benchmark and will not include a destination restriction clause which means offtakers will be able to trade volumes inter-nationally
ldquoUS LNG will contribute not only to the improvement of the global trading environ-ment but also to the creation of an LNG futures marketrdquo the plan said
Fourth planJapanrsquos energy plan which was drafted in December 2013 but only released by METI for cabinet approval on 18 March is the countryrsquos fourth basic energy plan and the first one formulated since the 2011 earthquake and the nuclear shutdowns that followed Since then Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90
The plan highlights the key role that coal and nuclear power sources are expected to play in the countryrsquos energy mix (For more on this see the Focus on Japan)
The plan re-evaluated the key role that nuclear power is to play in the countryrsquos en-ergy mix and states that Japan will proceed to
restart those nuclear reactors that have suc-cessfully passed the safety assessments by the Nuclear Regulation Authority (NRA) and have received approval by the local governments
This reverses the previous Democratic Party of Japan governmentrsquos decision to phase out nuclear power generation by 2040 in the wake of the 2011 Fukushima disaster
Nuclear energy remains an efficient abundant and stable source of power sup-ply which can be domestically produced at relatively low operating costs and greenhouse gas emissions the plan said The priority lies in ensuring the safety of the nuclear power plants it added
Power market liberalisation by 2020The plan highlighted the importance of reforms aimed at liberalising the downstream power markets The full liberalisation of the downstream power generation and retail markets are being advanced through three stages with completion of stage three expected in 2020 the plan said
ldquoBy promoting legal neutrality in the power transmission and distribution sector we will tackle limitations in the conventional power system and increase investment in the power distribution networkrdquo the plan said Abache Abreu
Thailandrsquos PTT in talks for up to 1mtpa of long-term supply from BP
Thailandrsquos state-owned buyer PTT is in discussions with UK-headquartered oil and gas major BP for the long-term supply of up to 1mtpa of LNG on a delivered ex ship (DES) basis starting from 2015 a PTT company offi-cial said in a telephone interview on 11 April
ldquoWe are in discussions with many suppli-ers to make sure we have the best deal for the best interest of the countryrdquo said Nutta-chat Charuchinda chief operations officer of PTTrsquos downstream petroleum business group
ldquoWe would like to see the best options that are available to us [hellip] a basket of supply to make sure that we have security of supply at the best pricerdquo he said
PTT is open to different sources of supply and price indexationsldquo whether it is linked to crude oil JCC [Japanese Crude Cocktail] or Henry Hubrdquo Charuchinda said
Additional contractual agreements are sought in response to PTTrsquos own energy forecasts which foresee a rise in Thailandrsquos domestic energy consumption and an in-crease in the share natural gas holds in the countryrsquos energy mix in relation to coal and nuclear power generation On the other hand the countryrsquos energy reserves are fast dwindling according to PTT while pipeline gas imports from neighbouring countries are increasingly limited
PTT has so far signed two long-term agreements for a total supply of 46mtpa by 2020 In December 2012 PTT signed its first long-term LNG contract with Qatargas for the supply of 2mpta of LNG for 20 years start-ing in 2015 In December 2013 PTT signed a preliminary deal with US-based Anadarko Petroleum for the procurement of 26mpta from Mozambique starting from 2018-2019
Additional 1mtpa might be enoughIn the long term PTT might be interested in securing additional supply from North America or east Africa but having secured 46mtpa under long-term contracts an additional 1mtpa supply might be sufficient to meet the Thai buyerrsquos mid-term demand requirements a Singapore-based analyst said
ldquoPTT has realised they need more LNG but with almost 5mtpa in contracts and an additional 1mtpa under discussion they might wait and see before they start buying againrdquo said Tony Regan an analyst at Singa-pore-based consultancy Tri-Zen International
ldquoPTT could be cautious and assume they might not be able to get more gas from Myanmar domestic reserves are declining and there is little potential for that to recoverrdquo he said ldquoBut I think they will wait Otherwise they are going to see prices firming because
of all this buying activity Also they have been relatively slow to develop their domestic market for regasified LNG There is a huge industry nearby but it is taking them time to secure contracts with offtakers and arrange truck lifting from the terminalrdquo
Spot procurement set to continueWhile PTT aims to meet most of its demand requirements through long-term contracts the Thai buyer will continue to supplement any shortages through spot LNG purchases
ldquoWe cannot commit [wholly] to term supply Some spot supply [will continue]rdquo Charuchinda said The company recently awarded a single-cargo buy tender for deliv-ery between 5-20 May and is in the market for additional June-delivery volumes
ldquo[PTT] has finished procurement for May [and] will now start looking for June [deliver-ies]rdquo a source close to the tender process said
PTT typically limits participation in its ten-ders to parties with which it has previously concluded master sales agreements Winners of 2013 PTT tenders include Qatari supplier Qatargas Francersquos GDF SUEZ UK-based BG Group and Anglo-Dutch major Shell Nor-wayrsquos Statoil Francersquos Total and Russiarsquos Gazprom have also participated in the 2013 tenders Abache Abreu
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
ICIS Customer Support+65 6588 3955 (Asia amp Middle East) +44 20 8652 3335 (Europe amp Africa) +1 888 525 3255 (toll free US amp Canada) or +1 713 525 2613 (Americas) csciciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
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energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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Head of Design and ProductionAlexis Rendell
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
2GLM 1016 | 17 April 2014 | wwwiciscomenergy
Market Report
Petrobras was heard to have been awarded
one of the June Galp cargoes
❯❯
Evidence of buying interest in northeast Asia for June and July was more apparent this week as the focus on upcoming demand intensified Availability was greater in the Atlantic with Brazil the most likely buyer
OJO
IMA
GESREX
FEATU
RES
June-July demand in focus
Asian markets were back in contango with July at a premium to June amid increasing evidence that the recent reduction in prices in the region may have bottomed out
Prompt supply availability is well balanced globally but is said to have grown stronger in the Atlantic than in the Pacific basin with more flexible volumes emerging from Nigeria and Spain Demand from Brazil meanwhile continues to make it the premium buyer in South America
Brazilrsquos state-owned importer Petrobras was awarded a free-on-board (FOB) Nige-rian cargo for loading on 2 June while other prompt cargoes from west Africa have also been offered and transacted
In the Pacific basin some traders also said they expected imminent offers from the new Papua New Guinea LNG facility Project de-veloper ExxonMobil has said first volumes will be exported by mid-year and once the ramp up is complete one source estimated as many as four or five spot cargoes could be available per month
With Japanese buyers absent from recent buying activity Indian buyers have stepped up short-term procurement Following GSPC ruptured supply contract with GAIL GSPC has become another buyer on the market likely to procure six or seven more cargoes
this year Other Indian companies were heard to be in the market for May-June at prices under $1500MMBtu
In Europe Qatari deliveries into the UK continued to pick up mirroring the trend of 2013 while the first ship-to-ship transfer of the year was concluded at the Montoir termi-nal on Francersquos Atlantic coast
The outgoing ICIS East Asian Index (EAX) for May expired at $1521MMBtu having shed 8 over its period as front month The June index was pegged at just below $1500MMBtu with July at a $020MMBtu premi-um Japanese electricity utilities are expected to come to market to cater for heightened seasonal power generation demand
African volume there ndash Brazil key US-based energy supplier Chevron was heard to be offering at least two cargoes from Nigeria LNG (NLNG) with one available for late-May lifting and another linked to a 21 June loading Portuguese NLNG offtaker Galp is understood to have originally sold FOB cargoes for lifting on 2 June and 21 June to Petrobras and Chevron respectively
Achievable netback values for Nige-rian cargoes are substantially higher for June delivery into South America than into northeast Asia with Brazil still looking like
Market Report
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
3GLM 1016 | 17 April 2014 | wwwiciscomenergy
the most plausible buyer Petrobras however was also heard to have been in discussions for strip deals from BP and Shell to cover the upcoming months which could limit its spot demand
On the other hand there were increased signs that the warming weather pattern El Nino could soon appear The impact on Brazil could be a continuation of the dry weather which has increased the need for LNG be-cause of low hydro-power generation Reser-voir levels remain low across key generating regions
The GDF SUEZ Neptune brought a cargo into the floating storage and regasification unit at Brazilrsquos Guanabara Bay on 13 April ndash the third cargo brought in by the Paris-based portfolio supplier GDF SUEZ
Malaysiarsquos PETRONAS lifted the Seri Bega-wan as a reload from Zeebrugge on 13 April with the vessel due to arrive in Brazil on 30 April This would be the eighth cargo into Brazil in April In May 2013 Petrobras took in 10 cargoes
Argentinean state-buyers ENARSA and YPF could release a tender for June deliveries but no announcement has so far emerged
The LNG demand outlook is more muted from other South American countries Chilersquos Quintero terminal is expecting two spot de-liveries in the second quarter with buyers not expecting to require additional volume over the countryrsquos winter period
The LNG-purchasing GNL consortium is understood to have taken a spot cargo from BG for arrival in May with Shell to deliver another cargo in the first half of June Both cargoes were understood to originate from Trinidad in the low $1600sMMBtu when agreed in late March
No immediate demand is expected from Mexicorsquos state-run utility CFE
Japan June demand surfacesThe relative lull in bidding interest from Japan recently has showed some signs of drawing to a close with three utility buyers reportedly bidding in the mid-$1400sMMBtu for June delivery At least four utilities were heard to have tank space but waiting to see if further price falls would come
But with northeast Asian markets show-ing a contango from June into July the delivery window for opportunistic buys is considered finite and closing The July DES price is above $1500MMBtu as power con-sumption across Japanese urban centres is expected to rise in line with seasonal demand for air-conditioning
The Japanese Meteorological Agency said there was a 40 probability of above-normal temperatures between June and August in several key regions of the country which would typically support the need for marginal LNG imports over the period
Visibility on July pricing in key Asian mar-kets was limited however with sellers said to
be holding offers back in case demand more clearly rebounded
In more recent spot ship movements Chinarsquos state owned buyer CNOOC was con-sidered the most likely winner of the recent Angola tender with the 160000cbm Sonan-gol Etosha headed for the CNOOC-controlled Zhejiang Ningbo terminal on 17 April Sources said the cargo was sold in the high $1400sMMBtu but this was not confirmed
Ship data also revealed another spot de-livery into China aboard the Statoil-controlled 155000cbm Arctic Aurora which is due to arrive at delivery an unidentified Chinese port on 18 April
In Japan the PETRONAS-controlled 145000cbm Seri Angkasa was due into the Oita terminal with a Nigeria-sourced cargo on 19 April Regional utility Kysuhu Electric is the main capacity holder at the terminal
Clarity on plant turnarounds The usual shutdown slate is kicking in over the spring period with more to come in the second half of the year However market impact was seen as limited with the loss of volume already factored in
The 33mtpa train two at Atlantic LNG in Trinidad was heard to have gone down for five days from 17 April The third train was reportedly due to undergo maintenance for six days from 1 July with train one also down for six days in August
Norwayrsquos Snohvit will shut down from 2 May to 9 June Two cargoes delivered from the facility into the Dutch Gate terminal were partly acting as storage for Statoil ahead of the shutdown sources said
A trader said the single-train Angola plant had begun 15 days of maintenance at the start of April with a 50-60 day outage planned from July-August
Spain still busy more into UKA further five reloads are planned from Spanish terminals in the second half of April ndash with Cartagena the most active While the push for fresh business appeared to slow down in the run up to the Easter holiday period six reloads are planned for May with an additional one straddling the end of April start of May This is double the number of reloads done last May
The EDFT-controlled 160000cbm Cool Voyager was due into Cartagena on 20 April with the cargo reload said to be due to go to South Korea The FOB reload price has hov-ered in the $1300sMMBtu in recent weeks
In the UK the trend of rising Qatari cargoes into South Hook in April continued in a similar trend to last year A total of five cargoes have already arrived into the Welsh facility with a further two scheduled in by the end of the month This would represent the highest volume intake since last November
Last April South Hook imports also jumped month on month to reach
CNOOC was considered the most likely winner
of the recent Angola tender
❯❯
❯❯ Page 5
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
4GLM 1016 | 17 April 2014 | wwwiciscomenergy
Spot Netback Indications
0
4
8
12
16
20
AustraliaNortheast AsiaTrinidadFar EastWest AfricaNorth AfricaMiddle East
Huelva Bahia Blanca TokyoHaziraIsle of Grain
PRODUCING REGION NETBACKS FROM KEY MARKETS $MMBtu
Middle East North Africa West Africa Far East Trinidad Northeast Asia Australia N Europe
Tokyo 1522 2491 2478 0645 3123 0306 0919 3147
Pyeong Taek 1454 2410 2400 0591 2984 0403 0889 3067
Guangdong 1214 2163 2158 0391 2732 0559 0702 2815
Yung An 1248 2198 2187 0390 2768 0507 0687 2851
Singapore 0899 1839 1863 0236 2505 0760 0467 2485
Map Ta Phut 1066 2010 2028 0311 2667 0755 0625 2660
Hazira 0392 1407 1648 0764 1965 1419 0924 2031
Jebel Ali 0158 1350 1667 0974 2144 2014 1111 1968
Mina Al Ahmadi 0172 1453 1832 1066 2008 1699 1200 2085
Aliaga 1171 0413 1189 1732 1210 2375 1858 1028
Revithoussa 1166 0385 1160 1724 1181 2365 1835 0999
Rovigo 1318 0426 1203 1878 1223 2523 1990 1039
Huelva 1483 0196 0836 2049 0844 2698 2176 0673
Sines 1512 0224 0831 2083 0824 2732 2210 0636
Rotterdam 1751 0447 1059 2307 0983 2976 2450 0407
Zeebrugge 1751 0447 1059 2307 0983 2976 2450 0407
Montoir 1670 0379 0980 2236 0920 2887 2349 0519
Isle of Grain 1748 0445 1047 2310 0977 2974 2448 0407
Sabine Pass 2514 1184 1440 2821 0590 4006 3636 1294
Quintero 2328 1901 1565 2265 1573 2103 2007 2311
Pecem 1866 0820 0716 2266 0473 3103 2048 1225
Bahia Blanca 2094 1381 1094 2296 1103 2433 2078 1807
SHIPPING COSTS $MMBtu
Middle East North Africa West Africa Far East Trinidad Northeast Asia Australia N Europe
Tokyo 13453 12484 12497 14330 11852 14669 14056 11828
Pyeong Taek 13471 12515 12525 14334 11941 14522 14036 11858
Guangdong 13711 12762 12767 14534 12193 14366 14223 12110
Yung An 13727 12777 12788 14585 12207 14468 14288 12124
Singapore 13731 12791 12767 14394 12125 13870 14163 12145Map Ta Phut 13664 12720 12702 14419 12063 13975 14105 12070Hazira 14008 12993 12752 13636 12435 12981 13476 12369
Jebel Ali 13742 12550 12233 12926 11756 11886 12789 11932
Mina Al Ahmadi 14428 13147 12768 13534 12592 12901 13400 12515
Aliaga 11679 12437 11661 11118 11640 10475 10992 11822
Revithoussa 11384 12165 11390 10826 11369 10185 10715 11551
Rovigo 10932 11824 11047 10372 11027 9727 10260 11211
Huelva 11316 12603 11963 10750 11955 10101 10623 12126
Sines 11286 12575 11967 10716 11975 10066 10589 12163
Rotterdam 7966 9269 8657 7410 8734 6740 7267 9309
Zeebrugge 7860 9164 8552 7304 8629 6635 7161 9204
Montoir 7041 8331 7731 6475 7791 5823 6362 8191
Isle of Grain 6875 8178 7576 6313 7646 5649 6175 8215
Sabine Pass 10296 11626 11370 9989 12220 8804 9174 11516
Quintero 12382 12809 13145 12445 13137 12607 12703 12399
Pecem 13094 14140 14244 12694 14487 11857 12912 13735
Bahia Blanca 12746 13459 13746 12544 13737 12407 12762 13033
NETBACK VALUES $MMBtu
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
5GLM 1016 | 17 April 2014 | wwwiciscomenergy
0
2
4
6
8
10
0
4
8
12
16
20
Feb2014
Dec2013
Oct2013
Aug2013
Jun2013
Apr2013
Feb2013
$M
MBt
u
Billions of cubic feet
Sour
ce N
YMEX
US
Dep
t of E
nerg
y
Weighted average LNG import price Settlement front-month Henry Hub LNG volume
3
4
5
6
7
8
9
10
11
12
13
1 Apr2014
3 Mar2014
3 Feb2014
2 Jan2014
2 Dec2013
1 Nov2013
Sour
ce I
CIS
Her
en
Henry HubNBP
939000 tonnes from Qatar in line with the end of the winter demand profile in north-east Asia NBP prices currently represent one of the lowest netback values with the front month at more than a three-year low ndash in part as a result of the increase in LNG arrivals But the liquidity of the hub and availability of buyers is still a useful flexible tool for spare cargoes
First 2014 STS transfer at MontoirThe French Montoir LNG facility carried out the first ship-to-ship transfer of the year on 12 April on two GDF SUEZ vessels Snohvit-sourced LNG was transferred over a period of two days from the 177000cbm Grace Dahlia to the 150000cbm Grace Barleria The latter was likely to head to South Korea to either of the countryrsquos independent importers GS Caltex or SK EampS a source said
Surge in shipping activityMore than 10 LNG carriers have been chartered in the last three weeks according to shipping sources with a growing discrepancy in rates in the Atlantic and the Pacific Ship owners have been more willing to renegotiate on re-delivery terms while keeping charter rates above $60000day for dual fuel diesel electric (DFDE) ships and in the $50000sday for steam turbine propulsion ships GDF SUEZ EDFT and Trafigura were all heard to have chartered 2013-built DFDE vessels
Market Report ❯❯ Continued from page 3
BUNKERS SPOT DELIVERED PRICES $tonne
IFO 380 IFO 180 MDO
IFO 380 IFO 180 MDO
Location 16042014 09042014 Change 16042014 09042014 Change 16042014 09042014 Change
Rotterdam 58550 57950 104 60450 60450 000 na na na
Fujairah 59850 59100 127 63400 62750 104 na na na
Houston 59800 58700 187 65600 65150 069 na na na
Location 17042014 10042014 Change 17042014 10042014 Change 17042014 10042014 Change
Singapore 58300 58300 000 60600 60600 000 91500 89800 189
NBP vs HENRY HUB MAY rsquo14 CONTRACT $MMBtu
HENRY HUB vs LNG PRICES 20132014
0
5
10
15
20
25
11 Apr2014
17 Mar14 Feb16 Jan12 Dec13 Nov14 Oct13 Sep13 Aug15 Jul13 Jun14 May11 Apr2013
NBPEAX
$M
Mbt
u
EAST ASIA VS NBP FRONT-MONTH HISTORIC CLOSES
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
6GLM 1016 | 17 April 2014 | wwwiciscomenergy
Tenders
Additional fields and history are available via the ICIS FTP service These include additional deliverylifting details and tender participants
LATEST GLOBAL LNG TENDERS 17 APRIL 2014
Buysell Tenderer
Shipping basis Location
No of cargoes
DeliveryLifting start
DeliveryLifting end
Tender open
Tender close Status
Information updated
Sell Angola LNG DES Soyo 1 01042014 3004201420032014-31032014
01042014 TBC 24032014
Sell Angola LNG DES Soyo 1 24032014 2503201410032014-24032014
25032014 Awarded 11042014
Buy PTT DES Map Ta Phut 1 05052014 2005201424032014-02042014
03042014 Awarded 09042014
Buy PTT DES Map Ta Phut 1 01042014 1504201401022014-28022014
01022014-28022014
Awarded 02042014
Sell Galp Energia FOB Bonny 6 01102015 01102020 14032014 19032014 Awarded 18032014
Buy ENARSAYPF DES Escobar 1 26052014 30052014 12032014 25032014 Closed 26032014
Buy ENARSAYPF DES Bahia Blanca 1 01052014 07052014 12032014 25032014 Awarded 28032014
Sell NWS LNG DES or FOB Dampier 5 15042014 11052014 06032014 11032014 Awarded 31032014
Sell Angola LNG DES Soyo 1 11032014 12032014 06032014 TBC Awarded 17032014
Buy PTT DES Map Ta Phut 1 16042014 30042014 04032014 11032014 Awarded 02042014
Sell Angola LNG DES Soyo 1 25022014 26022014 20022014 03032014 Closed 04032014
Sell Galp Energia DES or FOB Bonny 30 01102015 01102020 18022014 05032014 Awarded 19032014
Buy ENARSAYPF DESBahia Blanca
Escobar1 21042014 30042014 14022014 19022014 Cancelled 21022014
Buy ENARSAYPF DESBahia Blanca
Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014
Sell Angola LNG DES Soyo 1 15022014 16022014 11022014 17022014 Awarded 20022014
Sell Angola LNG DES Soyo 1 04022014 04022014 10022014 Awarded 10022014
Buy ENARSAYPF DES Bahia Blanca 3 01022014 10012014 15012014 Partial Award 17012014
Buy ENARSAYPF DES Escobar 2 01022014 10012014 15012014 Cancelled 17012014
Sell Enel FOB Bonny 6 01102014 30092015 09012014 27012014 Awarded 12022014
Trades
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
7GLM 1016 | 17 April 2014 | wwwiciscomenergy
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
PETROBRAS KOCH 1-30032014 1-30062014 TBC TBC Bonny Brazil 11042014
GNL Chile SHELL 17-21032014 1-15062014 $1600-1620 TBC Point Fortin Quintero 11042014
GNL Chile BG GROUP 17-21032014 1-30052014 $1600-1620 TBC Point Fortin Quintero 11042014
TBC TRAFIGURA TBC 30042014 TBC Golar Seal Reganosa Taiwan 11042014
PETROBRAS PETRONAS TBC 30042014 TBC Seri Begawan Zeebrugge Brazil 14042014
ASIAN BUYER TBC TBC 07-31042014 TBCCastillo
SantistebanBonny Asia 01012014
ENARSA BP 18-22102013 27042014 $1500-1550 Celestine River Cartagena Bahia Blanca 01042014
ENARSAGAS NATURAL
FENOSA18-22102013 25042014 $1500-1550 Polar Spirit Point Fortin Escobar 01042014
KOGAS TBC TBC 23042014 TBC Wilforce Bonny Tongyeong 07042014
ENARSA STATOIL TBC 22042014 $1500-1550 Arctic Voyager Snohvit Bahia Blanca 10042014
KYUSHU ELECTRIC
TBC TBC 19042014 TBC Seri Angkasa Bonny Oita 01012014
CNOOC ANGOLA LNG TBC 17042014 $1450-1490Sonangol
EtoshaSoyo
Zhejiang Ningbo
11042014
ENARSA BP 18-22102013 17042014 $1500-1550 British Diamond Huelva Bahia Blanca 10042014
CFEPEMEX TRAFIGURA 10052013 17042014 $18-1900 Gallina Point Fortin Manzanillo 21022014
ASIAN BUYER TBC 06032014 1-15042014 TBCSonangol
SambizangaSoyo Senboku 01012014
PETROBRAS GDF SUEZ TBC 14042014 TBCGDF SUEZ Neptune
Point FortinGuanabara
Bay11042014
CPC GDF SUEZ TBC 14042014 TBCBW GDF Suez
BrusselsBalhaf Yung An 10032014
CNOOC YEMEN LNG TBC 14042014 TBC Seri Balqis Balhaf Fujian 05042014
GSPC RASGAS 1-15032014 11042014 $1637 Fuwairit Ras Laffan Dahej 17042014
ENARSAGAS NATURAL
FENOSA18-22102013 12042014 $1500-1550 SCF Arctic Point Fortin Escobar 10032014
PETROBRAS TBC TBC 12042014 TBC WilEnergy Sagunto Salvador 01042014
CHUBU ELECTRIC
NLNG TBC 10042014 TBC LNG Imo Bonny Kawagoe 10032014
ENARSA BP 18-22102013 09042014 $1500-1550British
MerchantPoint Fortin Bahia Blanca 10042014
TBC PERTAMINA TBC 09042014 TBC LNG Aries Bontang TBC 01042014
OSAKA GAS ANGOLA LNG TBC 04042014 TBCSonangol
SambizangaSoyo Senboku 08042014
ENARSA GAZPROM 21022014 1-7042014 $1950-2000 TBC TBCEscobar
Bahia Blanca21022014
TOKYO GAS BG TBC 07042014 TBC Gaslog Skagen Point Fortin Ohgishima 10032014
PETROBRAS BG TBC 07042014 TBCMethane
Mickie HarperPunta Europa
Guanabara Bay
01042014
PETROBRAS BP TBC 05042014 TBC British Emerald SaguntoGuanabara
Bay01042014
CHENIERE BG TBC 04042014 TBC Clean Energy Point Fortin Sabine Pass 07042014
ENARSAGAS NATURAL
FENOSA18-22102013 02042014 $1500-1550 LNG Libra Point Fortin Escobar 10032014
TEPCO BP16012014 - 15022014
01042014$1900sMMBtu
British Sapphire Sagunto Negishi 05032014
GAILEXCELERATE
ENERGY03012014 01042014 $1550-1600 Explorer Reganosa Dahej 10032014
ENARSA SHELL 17012014 1-3132014 $1800s TBC TBC Bahia Blanca 17012014
TEPCO RWE TBC 29032014 TBC Gaslog Chelsea Snohvit Kisarazu 01032014
PETROBRAS STATOIL TBC 29032014 TBC LNG Jupiter SnohvitGuanabara
Bay13032014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
Trades
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
8GLM 1016 | 17 April 2014 | wwwiciscomenergy
FREE ON BOARD TRANSACTIONS
Buyer SellerTransaction
dateLifting period
Price $MMBtu
Vessel Load PortInformation
updated
EXCELERATE ENERGY
GAS NATURAL FENOSA
10042014 Wilpride Spain 03032014
GLENCORE TBC 1-30042014 $1300s TBC Spain 26032014
PETROBRAS TBC 23042014 Excelsior Bonny Island 26032014
PETROBRAS DONG 06042014 Excalibur Rotterdam 26032014
TBC BG 4-5042014Methane Heather
SallyDampier 07042014
EXCELERATE ENERGY
IBERDROLA 01122013 13032014 Explorer Ferrol 26032014
PETROBRAS TBC TBC 10032014 Expedient Point Fortin 03032014
RWE GDF SUEZ 1-31012014 15-28022014 $1600-$1620 TBC Snohvit 05022014
PETROBRAS TBC 1-31012014 08022014 Wilgas Sagunto 31012014
GAZPROM TBC TBC 04022014 LNG Pioneer Ras Laffan 12022014
PETROBRAS CONOCOPHILLIPS TBC 01022014 $1467 Excelsior Freeport 12022014
GAZPROM NLNG TBC 20012014 Lena River Bonny Island 12022014
BP ITOCHU TBC 20012014 British Sapphire Gwangyang 05022014
GLENCORE RWE 20112013 28122013 Lobito Snohvit 21112013
VITOL ECONGAS 2511-6122013 14122013 Ben Badis Rotterdam 12122013
BP EDP 1-7112013 14122013 $1450 Celestine River HuelvaFos 26112013
PETROBRAS TBC 09122013 LNG Capricorn Sagunto 02122013
BP CONOCOPHILLIPS 11102013 25112013 $1345 British Merchant Freeport 22112013
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
KOGAS TOTAL TBC 28032014 TBC Meridian Spirit Bonny Tongyeong 10032014
ENARSA BP 18-22102013 28032014 $1500-1550 British Ruby Point Fortin Bahia Blanca 10032014
ASIAN BUYER GAZPROM TBC 28-31032014 TBC Lena River Reganosa TBC 01012014
CPC BG GROUP 16-31012014 26032014 $1900sMethane Becki
Anne Punta Europa Yung An 27032014
CNOOC ANGOLA LNG 03032014 26032014 $1700s Malanje Soyo Guangdong 10032014
TOKYO GAS SHELL TBC 26032014 TBCLNG River
Orashi Bonny Kawasaki 10032014
PETROBRAS REPSOL TBC 25032014 TBCValencia Knutsen
ZeebruggeGuanabara
Bay10032014
TEPCO GDF SUEZ 16-31012014 24032014 1900sLalla Fatma NrsquoSoumer
Arzew Futtsu 18032014
GAILGAS NATURAL
FENOSATBC 23032014 TBC Iberica Knutsen Bonny Dabhol 20032014
PETROBRAS GDF SUEZ TBC 22032014 TBCGDF SUEZ
BostonPoint Fortin
Guanabara Bay
20032014
ENARSAGAS NATURAL
FENOSA18-22102013 20032014 $1500-1550 Polar Spirit Point Fortin Escobar 10032014
ENARSAGAS NATURAL
FENOSA18-22102013 12032014 $1500-1550 SCF Polar Point Fortin Escobar 10032014
PETROBRAS BG GROUP TBC 11032014 TBCMethane
Patricia CamilaPunta Europa
Guanabara Bay
10032014
GLENCORE KOGAS TBC 04032014 TBC WilEnergy Sagunto Pyeongtaek 10032014
PETROBRAS NLNG TBC 02032014 TBC LNG Ondo BonnyGuanabara
Bay24022014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
9GLM 1016 | 17 April 2014 | wwwiciscomenergy
Canadian Triton LNG receives regulatory export licence Calgary-based AltaGas and its Japanese refining partner Idemitsu have received a 25-year export licence from Canadian energy regulators for their joint small-scale LNG ex-port project
The proposed venture which would either be located near Kitimat or Prince Rupert in British Columbia envisages a floating lique-faction storage and offloading (FLSO) vessel which would include two liquefaction trains
Known as Triton LNG the project received approval to export 23mtpa on 16 April from Canadarsquos National Energy Board (NEB) as well as an additional 15 annual tolerance as per Canadian export standards
ldquoWe have determined that the quantity of gas proposed to be exported by Triton LNG is surplus to Canadian needs The board is satis-fied that the gas resource base in Canada as well as North America is large and can ac-commodate reasonably foreseeable Canadian demand the proposed LNG exports and a plausible potential increase in demandrdquo the NEB order stated
Given the abundance of shale gas in North America the US is no longer importing Cana-dian gas which has stranded the countryrsquos gas reserves and spurred LNG export projects to be developed along the west coast of British Columbia
The Western Canadian export projects are targeting premium northeast Asian markets and Asian companies such as Idemitsu have partnered directly with project proponents through equity and offtake agreements in order to help commercialise the gas
However the Canadian liquefaction ventures and associated pipelines which are developed at a greenfield cost have stalled in reaching final investment because of the cost uncertainties associated with developing in such a rugged and remote environment
Canadarsquos provincial government officials and regulatory authorities have viewed themselves as backers of the LNG industry promoting the country as a desirable location to develop large energy infrastructure projects such as LNG exports
The next project awaiting its export licence is Goldboro LNG a scheme developed by Pieri-dae Energy in Guysborough Nova Scotia on the east coast of Canada The 10mpta project has a 5mpta agreement in place with German utility EON on a European hub-indexation The project seeks to supply the LNG by requesting a flow reversal on the Maritimes and Northeast Pipeline that runs from Canada to the US
The gap between the NEBrsquos last approval ndash on 16 December 2013 ndash and the Triton LNG approval on 16 April perhaps signals a more cautious approach by the government
While not as lengthy as the time that it took for the US Freeport LNG project to receive its long-awaited non-free trade agreement (non-FTA) export licence from the US Depart-ment of Energy (DOE) the four-month pause between the Canadian projects has been the longest time period yet between approvals
In the interim the NEB also approved a 25-year application in February for a US pro-ject proposed on the west coast the planned 6mpta Jordan Cove venture developed by Cal-gary-based infrastructure company Veresen The Jordan Cove scheme proposes importing Canadian pipeline gas into the US and then bringing the volumes to the greenfield site in southwest Oregon to export as LNG
Triton LNG is the ninth project with a Cana-dian export licence
The NEB approved a batch of four projects in December 2013 These included BG Grouprsquos Prince Rupert facility Malaysiarsquos PETRONAS 12mtpa Pacific NorthWest the ExxonMobil-Imperial Oil venture WCC and the Woodfibre LNG export project developed by the Singa-pore energy company Pacific Oil amp Gas
Royal Dutch Shell is leading a consortium with Chinarsquos PetroChina Japanese trading company Mitsubishi and Korearsquos KOGAS for a planned 12mtpa facility in Kitimat
The first Canadian project to receive its ex-port licence was in October 2011 the planned 10mtpa Kitimat LNG project which is now being jointly marketed by US-based producer Chevron and exploration and production com-pany Apache Corporation Ruth Liao
GIIGNL corrects annual reportA mid-term agreement between the An-gola LNG consortium and Brazilrsquos state-run Petrobras in the International Group of LNG Importers (GIIGNL) report published on 8 April was incorrect according to the organi-sation The initial report stated that the two companies reached an agreement in 2013 for
400000 tonnes per annum on a four-year basis on delivered ex-ship (DES) terms
The information was considered incor-rectly documented as a wrong assumption and GIIGNL has since reissued a final report on its website removing the contract infor-mation Ruth Liao
Russia aims to finalise gas talks with China by MayRussiarsquos incumbent producer Gazprom hopes to finalise a 30-year gas agreement to supply China prior to President Vladimir Pu-tinrsquos approaching visit Arkady Dvorkovich Russiarsquos deputy prime minister said on 14 April as quoted by the Russian media
ldquoOn gas the talks are nearing a close and there is a mutual intention to finish this work before the Russian presidentrsquos visit in Mayrdquo Dvorkovich said during a televised government meeting
ldquoConsultations are ongoing and Gazpromrsquos management are holding talks with Chinese partners on the contract terms We hope to conclude the contract in May and believe it should come into effect by the year endrdquo Dvorkovich said
The agreement would involve the export of 38 billion cubic metres (bcm)year of pipe-line gas starting in 2018
Volumes could be ramped up to 70bcmyear over the course of 30 years The framework agreement between Gazprom and government-controlled China National Petroleum Corporation was signed back in 2009
Negotiations have taken place over the course of the last 10 years with pricing seen as the main roadblock to reaching the agree-ment
However with growing political tensions over Russiarsquos involvement in Ukrainersquos crisis and the subsequent annexation of Crimea China could have gained a bargaining ad-vantage with the potential increasing isola-tion of Russia from western gas markets
Russia has been actively seeking alterna-tive markets in Asia to export gas either through pipeline from fields mainly in Si-beria and the Russian Far East or as LNG to decrease dependence on European imports Russia has few exports markets for gas out-side Europe
lsquoEconomic sanctions from the EU cou-pled with potential competition of shale gas exports from the US ndash as LNG or shale gas develops in Europe ndash could mean a diminish-ing market for Russian gas
As a result Russian export strategy has become mainly Asia-oriented with the po-tential development of several LNG projects including Vladivostok and the expansion of the Sakhalin-2 LNG project with another train
China needs gas to satisfy its growing energy needs as well as to replace coal-fired power generation in densely populated parts of the country Roman Kazmin
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
10GLM 1016 | 17 April 2014 | wwwiciscomenergy
Japanrsquos energy plan warns about LNG dependenceJapanrsquos cabinet has approved a new basic energy plan which defines coal and nuclear power as the key baseload sources of power generation and relegates LNG to an inter-mediate load source status according to the plan released by the Japanese Ministry of Economy Trade and Industry (METI) on 11 April The energy plan which lays out the countryrsquos energy policies for the next 20 years warned about the need to avoid exces-sive reliance on high-priced LNG imports as a substitution for nuclear power generation but did not include any numerical targets for the countryrsquos long-term energy mix
ldquoJapan should avoid excessive depen-dence on LNG as a source of power genera-tion and promote cost reductions by diversify-ing its supply sourcesrdquo the plan said
The plan suggests a number of actions that can be taken at the corporate and in-stitutional levels to reduce the cost of LNG imports such as diversifying contract price indexations eliminating destination restric-tions increasing investment in upstream developments and supporting joint procure-ment agreements to increase buyersrsquo bar-gaining power
ldquoIt is necessary to continue to support strategic efforts towards joint procurementrdquo the plan said
The plan anticipates that US shale gas exports will have a positive impact on the Japanese and global markets from 2017 as these contracts will be linked to the US Henry Hub gas benchmark and will not include a destination restriction clause which means offtakers will be able to trade volumes inter-nationally
ldquoUS LNG will contribute not only to the improvement of the global trading environ-ment but also to the creation of an LNG futures marketrdquo the plan said
Fourth planJapanrsquos energy plan which was drafted in December 2013 but only released by METI for cabinet approval on 18 March is the countryrsquos fourth basic energy plan and the first one formulated since the 2011 earthquake and the nuclear shutdowns that followed Since then Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90
The plan highlights the key role that coal and nuclear power sources are expected to play in the countryrsquos energy mix (For more on this see the Focus on Japan)
The plan re-evaluated the key role that nuclear power is to play in the countryrsquos en-ergy mix and states that Japan will proceed to
restart those nuclear reactors that have suc-cessfully passed the safety assessments by the Nuclear Regulation Authority (NRA) and have received approval by the local governments
This reverses the previous Democratic Party of Japan governmentrsquos decision to phase out nuclear power generation by 2040 in the wake of the 2011 Fukushima disaster
Nuclear energy remains an efficient abundant and stable source of power sup-ply which can be domestically produced at relatively low operating costs and greenhouse gas emissions the plan said The priority lies in ensuring the safety of the nuclear power plants it added
Power market liberalisation by 2020The plan highlighted the importance of reforms aimed at liberalising the downstream power markets The full liberalisation of the downstream power generation and retail markets are being advanced through three stages with completion of stage three expected in 2020 the plan said
ldquoBy promoting legal neutrality in the power transmission and distribution sector we will tackle limitations in the conventional power system and increase investment in the power distribution networkrdquo the plan said Abache Abreu
Thailandrsquos PTT in talks for up to 1mtpa of long-term supply from BP
Thailandrsquos state-owned buyer PTT is in discussions with UK-headquartered oil and gas major BP for the long-term supply of up to 1mtpa of LNG on a delivered ex ship (DES) basis starting from 2015 a PTT company offi-cial said in a telephone interview on 11 April
ldquoWe are in discussions with many suppli-ers to make sure we have the best deal for the best interest of the countryrdquo said Nutta-chat Charuchinda chief operations officer of PTTrsquos downstream petroleum business group
ldquoWe would like to see the best options that are available to us [hellip] a basket of supply to make sure that we have security of supply at the best pricerdquo he said
PTT is open to different sources of supply and price indexationsldquo whether it is linked to crude oil JCC [Japanese Crude Cocktail] or Henry Hubrdquo Charuchinda said
Additional contractual agreements are sought in response to PTTrsquos own energy forecasts which foresee a rise in Thailandrsquos domestic energy consumption and an in-crease in the share natural gas holds in the countryrsquos energy mix in relation to coal and nuclear power generation On the other hand the countryrsquos energy reserves are fast dwindling according to PTT while pipeline gas imports from neighbouring countries are increasingly limited
PTT has so far signed two long-term agreements for a total supply of 46mtpa by 2020 In December 2012 PTT signed its first long-term LNG contract with Qatargas for the supply of 2mpta of LNG for 20 years start-ing in 2015 In December 2013 PTT signed a preliminary deal with US-based Anadarko Petroleum for the procurement of 26mpta from Mozambique starting from 2018-2019
Additional 1mtpa might be enoughIn the long term PTT might be interested in securing additional supply from North America or east Africa but having secured 46mtpa under long-term contracts an additional 1mtpa supply might be sufficient to meet the Thai buyerrsquos mid-term demand requirements a Singapore-based analyst said
ldquoPTT has realised they need more LNG but with almost 5mtpa in contracts and an additional 1mtpa under discussion they might wait and see before they start buying againrdquo said Tony Regan an analyst at Singa-pore-based consultancy Tri-Zen International
ldquoPTT could be cautious and assume they might not be able to get more gas from Myanmar domestic reserves are declining and there is little potential for that to recoverrdquo he said ldquoBut I think they will wait Otherwise they are going to see prices firming because
of all this buying activity Also they have been relatively slow to develop their domestic market for regasified LNG There is a huge industry nearby but it is taking them time to secure contracts with offtakers and arrange truck lifting from the terminalrdquo
Spot procurement set to continueWhile PTT aims to meet most of its demand requirements through long-term contracts the Thai buyer will continue to supplement any shortages through spot LNG purchases
ldquoWe cannot commit [wholly] to term supply Some spot supply [will continue]rdquo Charuchinda said The company recently awarded a single-cargo buy tender for deliv-ery between 5-20 May and is in the market for additional June-delivery volumes
ldquo[PTT] has finished procurement for May [and] will now start looking for June [deliver-ies]rdquo a source close to the tender process said
PTT typically limits participation in its ten-ders to parties with which it has previously concluded master sales agreements Winners of 2013 PTT tenders include Qatari supplier Qatargas Francersquos GDF SUEZ UK-based BG Group and Anglo-Dutch major Shell Nor-wayrsquos Statoil Francersquos Total and Russiarsquos Gazprom have also participated in the 2013 tenders Abache Abreu
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Market Report
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
3GLM 1016 | 17 April 2014 | wwwiciscomenergy
the most plausible buyer Petrobras however was also heard to have been in discussions for strip deals from BP and Shell to cover the upcoming months which could limit its spot demand
On the other hand there were increased signs that the warming weather pattern El Nino could soon appear The impact on Brazil could be a continuation of the dry weather which has increased the need for LNG be-cause of low hydro-power generation Reser-voir levels remain low across key generating regions
The GDF SUEZ Neptune brought a cargo into the floating storage and regasification unit at Brazilrsquos Guanabara Bay on 13 April ndash the third cargo brought in by the Paris-based portfolio supplier GDF SUEZ
Malaysiarsquos PETRONAS lifted the Seri Bega-wan as a reload from Zeebrugge on 13 April with the vessel due to arrive in Brazil on 30 April This would be the eighth cargo into Brazil in April In May 2013 Petrobras took in 10 cargoes
Argentinean state-buyers ENARSA and YPF could release a tender for June deliveries but no announcement has so far emerged
The LNG demand outlook is more muted from other South American countries Chilersquos Quintero terminal is expecting two spot de-liveries in the second quarter with buyers not expecting to require additional volume over the countryrsquos winter period
The LNG-purchasing GNL consortium is understood to have taken a spot cargo from BG for arrival in May with Shell to deliver another cargo in the first half of June Both cargoes were understood to originate from Trinidad in the low $1600sMMBtu when agreed in late March
No immediate demand is expected from Mexicorsquos state-run utility CFE
Japan June demand surfacesThe relative lull in bidding interest from Japan recently has showed some signs of drawing to a close with three utility buyers reportedly bidding in the mid-$1400sMMBtu for June delivery At least four utilities were heard to have tank space but waiting to see if further price falls would come
But with northeast Asian markets show-ing a contango from June into July the delivery window for opportunistic buys is considered finite and closing The July DES price is above $1500MMBtu as power con-sumption across Japanese urban centres is expected to rise in line with seasonal demand for air-conditioning
The Japanese Meteorological Agency said there was a 40 probability of above-normal temperatures between June and August in several key regions of the country which would typically support the need for marginal LNG imports over the period
Visibility on July pricing in key Asian mar-kets was limited however with sellers said to
be holding offers back in case demand more clearly rebounded
In more recent spot ship movements Chinarsquos state owned buyer CNOOC was con-sidered the most likely winner of the recent Angola tender with the 160000cbm Sonan-gol Etosha headed for the CNOOC-controlled Zhejiang Ningbo terminal on 17 April Sources said the cargo was sold in the high $1400sMMBtu but this was not confirmed
Ship data also revealed another spot de-livery into China aboard the Statoil-controlled 155000cbm Arctic Aurora which is due to arrive at delivery an unidentified Chinese port on 18 April
In Japan the PETRONAS-controlled 145000cbm Seri Angkasa was due into the Oita terminal with a Nigeria-sourced cargo on 19 April Regional utility Kysuhu Electric is the main capacity holder at the terminal
Clarity on plant turnarounds The usual shutdown slate is kicking in over the spring period with more to come in the second half of the year However market impact was seen as limited with the loss of volume already factored in
The 33mtpa train two at Atlantic LNG in Trinidad was heard to have gone down for five days from 17 April The third train was reportedly due to undergo maintenance for six days from 1 July with train one also down for six days in August
Norwayrsquos Snohvit will shut down from 2 May to 9 June Two cargoes delivered from the facility into the Dutch Gate terminal were partly acting as storage for Statoil ahead of the shutdown sources said
A trader said the single-train Angola plant had begun 15 days of maintenance at the start of April with a 50-60 day outage planned from July-August
Spain still busy more into UKA further five reloads are planned from Spanish terminals in the second half of April ndash with Cartagena the most active While the push for fresh business appeared to slow down in the run up to the Easter holiday period six reloads are planned for May with an additional one straddling the end of April start of May This is double the number of reloads done last May
The EDFT-controlled 160000cbm Cool Voyager was due into Cartagena on 20 April with the cargo reload said to be due to go to South Korea The FOB reload price has hov-ered in the $1300sMMBtu in recent weeks
In the UK the trend of rising Qatari cargoes into South Hook in April continued in a similar trend to last year A total of five cargoes have already arrived into the Welsh facility with a further two scheduled in by the end of the month This would represent the highest volume intake since last November
Last April South Hook imports also jumped month on month to reach
CNOOC was considered the most likely winner
of the recent Angola tender
❯❯
❯❯ Page 5
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
4GLM 1016 | 17 April 2014 | wwwiciscomenergy
Spot Netback Indications
0
4
8
12
16
20
AustraliaNortheast AsiaTrinidadFar EastWest AfricaNorth AfricaMiddle East
Huelva Bahia Blanca TokyoHaziraIsle of Grain
PRODUCING REGION NETBACKS FROM KEY MARKETS $MMBtu
Middle East North Africa West Africa Far East Trinidad Northeast Asia Australia N Europe
Tokyo 1522 2491 2478 0645 3123 0306 0919 3147
Pyeong Taek 1454 2410 2400 0591 2984 0403 0889 3067
Guangdong 1214 2163 2158 0391 2732 0559 0702 2815
Yung An 1248 2198 2187 0390 2768 0507 0687 2851
Singapore 0899 1839 1863 0236 2505 0760 0467 2485
Map Ta Phut 1066 2010 2028 0311 2667 0755 0625 2660
Hazira 0392 1407 1648 0764 1965 1419 0924 2031
Jebel Ali 0158 1350 1667 0974 2144 2014 1111 1968
Mina Al Ahmadi 0172 1453 1832 1066 2008 1699 1200 2085
Aliaga 1171 0413 1189 1732 1210 2375 1858 1028
Revithoussa 1166 0385 1160 1724 1181 2365 1835 0999
Rovigo 1318 0426 1203 1878 1223 2523 1990 1039
Huelva 1483 0196 0836 2049 0844 2698 2176 0673
Sines 1512 0224 0831 2083 0824 2732 2210 0636
Rotterdam 1751 0447 1059 2307 0983 2976 2450 0407
Zeebrugge 1751 0447 1059 2307 0983 2976 2450 0407
Montoir 1670 0379 0980 2236 0920 2887 2349 0519
Isle of Grain 1748 0445 1047 2310 0977 2974 2448 0407
Sabine Pass 2514 1184 1440 2821 0590 4006 3636 1294
Quintero 2328 1901 1565 2265 1573 2103 2007 2311
Pecem 1866 0820 0716 2266 0473 3103 2048 1225
Bahia Blanca 2094 1381 1094 2296 1103 2433 2078 1807
SHIPPING COSTS $MMBtu
Middle East North Africa West Africa Far East Trinidad Northeast Asia Australia N Europe
Tokyo 13453 12484 12497 14330 11852 14669 14056 11828
Pyeong Taek 13471 12515 12525 14334 11941 14522 14036 11858
Guangdong 13711 12762 12767 14534 12193 14366 14223 12110
Yung An 13727 12777 12788 14585 12207 14468 14288 12124
Singapore 13731 12791 12767 14394 12125 13870 14163 12145Map Ta Phut 13664 12720 12702 14419 12063 13975 14105 12070Hazira 14008 12993 12752 13636 12435 12981 13476 12369
Jebel Ali 13742 12550 12233 12926 11756 11886 12789 11932
Mina Al Ahmadi 14428 13147 12768 13534 12592 12901 13400 12515
Aliaga 11679 12437 11661 11118 11640 10475 10992 11822
Revithoussa 11384 12165 11390 10826 11369 10185 10715 11551
Rovigo 10932 11824 11047 10372 11027 9727 10260 11211
Huelva 11316 12603 11963 10750 11955 10101 10623 12126
Sines 11286 12575 11967 10716 11975 10066 10589 12163
Rotterdam 7966 9269 8657 7410 8734 6740 7267 9309
Zeebrugge 7860 9164 8552 7304 8629 6635 7161 9204
Montoir 7041 8331 7731 6475 7791 5823 6362 8191
Isle of Grain 6875 8178 7576 6313 7646 5649 6175 8215
Sabine Pass 10296 11626 11370 9989 12220 8804 9174 11516
Quintero 12382 12809 13145 12445 13137 12607 12703 12399
Pecem 13094 14140 14244 12694 14487 11857 12912 13735
Bahia Blanca 12746 13459 13746 12544 13737 12407 12762 13033
NETBACK VALUES $MMBtu
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
5GLM 1016 | 17 April 2014 | wwwiciscomenergy
0
2
4
6
8
10
0
4
8
12
16
20
Feb2014
Dec2013
Oct2013
Aug2013
Jun2013
Apr2013
Feb2013
$M
MBt
u
Billions of cubic feet
Sour
ce N
YMEX
US
Dep
t of E
nerg
y
Weighted average LNG import price Settlement front-month Henry Hub LNG volume
3
4
5
6
7
8
9
10
11
12
13
1 Apr2014
3 Mar2014
3 Feb2014
2 Jan2014
2 Dec2013
1 Nov2013
Sour
ce I
CIS
Her
en
Henry HubNBP
939000 tonnes from Qatar in line with the end of the winter demand profile in north-east Asia NBP prices currently represent one of the lowest netback values with the front month at more than a three-year low ndash in part as a result of the increase in LNG arrivals But the liquidity of the hub and availability of buyers is still a useful flexible tool for spare cargoes
First 2014 STS transfer at MontoirThe French Montoir LNG facility carried out the first ship-to-ship transfer of the year on 12 April on two GDF SUEZ vessels Snohvit-sourced LNG was transferred over a period of two days from the 177000cbm Grace Dahlia to the 150000cbm Grace Barleria The latter was likely to head to South Korea to either of the countryrsquos independent importers GS Caltex or SK EampS a source said
Surge in shipping activityMore than 10 LNG carriers have been chartered in the last three weeks according to shipping sources with a growing discrepancy in rates in the Atlantic and the Pacific Ship owners have been more willing to renegotiate on re-delivery terms while keeping charter rates above $60000day for dual fuel diesel electric (DFDE) ships and in the $50000sday for steam turbine propulsion ships GDF SUEZ EDFT and Trafigura were all heard to have chartered 2013-built DFDE vessels
Market Report ❯❯ Continued from page 3
BUNKERS SPOT DELIVERED PRICES $tonne
IFO 380 IFO 180 MDO
IFO 380 IFO 180 MDO
Location 16042014 09042014 Change 16042014 09042014 Change 16042014 09042014 Change
Rotterdam 58550 57950 104 60450 60450 000 na na na
Fujairah 59850 59100 127 63400 62750 104 na na na
Houston 59800 58700 187 65600 65150 069 na na na
Location 17042014 10042014 Change 17042014 10042014 Change 17042014 10042014 Change
Singapore 58300 58300 000 60600 60600 000 91500 89800 189
NBP vs HENRY HUB MAY rsquo14 CONTRACT $MMBtu
HENRY HUB vs LNG PRICES 20132014
0
5
10
15
20
25
11 Apr2014
17 Mar14 Feb16 Jan12 Dec13 Nov14 Oct13 Sep13 Aug15 Jul13 Jun14 May11 Apr2013
NBPEAX
$M
Mbt
u
EAST ASIA VS NBP FRONT-MONTH HISTORIC CLOSES
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
6GLM 1016 | 17 April 2014 | wwwiciscomenergy
Tenders
Additional fields and history are available via the ICIS FTP service These include additional deliverylifting details and tender participants
LATEST GLOBAL LNG TENDERS 17 APRIL 2014
Buysell Tenderer
Shipping basis Location
No of cargoes
DeliveryLifting start
DeliveryLifting end
Tender open
Tender close Status
Information updated
Sell Angola LNG DES Soyo 1 01042014 3004201420032014-31032014
01042014 TBC 24032014
Sell Angola LNG DES Soyo 1 24032014 2503201410032014-24032014
25032014 Awarded 11042014
Buy PTT DES Map Ta Phut 1 05052014 2005201424032014-02042014
03042014 Awarded 09042014
Buy PTT DES Map Ta Phut 1 01042014 1504201401022014-28022014
01022014-28022014
Awarded 02042014
Sell Galp Energia FOB Bonny 6 01102015 01102020 14032014 19032014 Awarded 18032014
Buy ENARSAYPF DES Escobar 1 26052014 30052014 12032014 25032014 Closed 26032014
Buy ENARSAYPF DES Bahia Blanca 1 01052014 07052014 12032014 25032014 Awarded 28032014
Sell NWS LNG DES or FOB Dampier 5 15042014 11052014 06032014 11032014 Awarded 31032014
Sell Angola LNG DES Soyo 1 11032014 12032014 06032014 TBC Awarded 17032014
Buy PTT DES Map Ta Phut 1 16042014 30042014 04032014 11032014 Awarded 02042014
Sell Angola LNG DES Soyo 1 25022014 26022014 20022014 03032014 Closed 04032014
Sell Galp Energia DES or FOB Bonny 30 01102015 01102020 18022014 05032014 Awarded 19032014
Buy ENARSAYPF DESBahia Blanca
Escobar1 21042014 30042014 14022014 19022014 Cancelled 21022014
Buy ENARSAYPF DESBahia Blanca
Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014
Sell Angola LNG DES Soyo 1 15022014 16022014 11022014 17022014 Awarded 20022014
Sell Angola LNG DES Soyo 1 04022014 04022014 10022014 Awarded 10022014
Buy ENARSAYPF DES Bahia Blanca 3 01022014 10012014 15012014 Partial Award 17012014
Buy ENARSAYPF DES Escobar 2 01022014 10012014 15012014 Cancelled 17012014
Sell Enel FOB Bonny 6 01102014 30092015 09012014 27012014 Awarded 12022014
Trades
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
7GLM 1016 | 17 April 2014 | wwwiciscomenergy
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
PETROBRAS KOCH 1-30032014 1-30062014 TBC TBC Bonny Brazil 11042014
GNL Chile SHELL 17-21032014 1-15062014 $1600-1620 TBC Point Fortin Quintero 11042014
GNL Chile BG GROUP 17-21032014 1-30052014 $1600-1620 TBC Point Fortin Quintero 11042014
TBC TRAFIGURA TBC 30042014 TBC Golar Seal Reganosa Taiwan 11042014
PETROBRAS PETRONAS TBC 30042014 TBC Seri Begawan Zeebrugge Brazil 14042014
ASIAN BUYER TBC TBC 07-31042014 TBCCastillo
SantistebanBonny Asia 01012014
ENARSA BP 18-22102013 27042014 $1500-1550 Celestine River Cartagena Bahia Blanca 01042014
ENARSAGAS NATURAL
FENOSA18-22102013 25042014 $1500-1550 Polar Spirit Point Fortin Escobar 01042014
KOGAS TBC TBC 23042014 TBC Wilforce Bonny Tongyeong 07042014
ENARSA STATOIL TBC 22042014 $1500-1550 Arctic Voyager Snohvit Bahia Blanca 10042014
KYUSHU ELECTRIC
TBC TBC 19042014 TBC Seri Angkasa Bonny Oita 01012014
CNOOC ANGOLA LNG TBC 17042014 $1450-1490Sonangol
EtoshaSoyo
Zhejiang Ningbo
11042014
ENARSA BP 18-22102013 17042014 $1500-1550 British Diamond Huelva Bahia Blanca 10042014
CFEPEMEX TRAFIGURA 10052013 17042014 $18-1900 Gallina Point Fortin Manzanillo 21022014
ASIAN BUYER TBC 06032014 1-15042014 TBCSonangol
SambizangaSoyo Senboku 01012014
PETROBRAS GDF SUEZ TBC 14042014 TBCGDF SUEZ Neptune
Point FortinGuanabara
Bay11042014
CPC GDF SUEZ TBC 14042014 TBCBW GDF Suez
BrusselsBalhaf Yung An 10032014
CNOOC YEMEN LNG TBC 14042014 TBC Seri Balqis Balhaf Fujian 05042014
GSPC RASGAS 1-15032014 11042014 $1637 Fuwairit Ras Laffan Dahej 17042014
ENARSAGAS NATURAL
FENOSA18-22102013 12042014 $1500-1550 SCF Arctic Point Fortin Escobar 10032014
PETROBRAS TBC TBC 12042014 TBC WilEnergy Sagunto Salvador 01042014
CHUBU ELECTRIC
NLNG TBC 10042014 TBC LNG Imo Bonny Kawagoe 10032014
ENARSA BP 18-22102013 09042014 $1500-1550British
MerchantPoint Fortin Bahia Blanca 10042014
TBC PERTAMINA TBC 09042014 TBC LNG Aries Bontang TBC 01042014
OSAKA GAS ANGOLA LNG TBC 04042014 TBCSonangol
SambizangaSoyo Senboku 08042014
ENARSA GAZPROM 21022014 1-7042014 $1950-2000 TBC TBCEscobar
Bahia Blanca21022014
TOKYO GAS BG TBC 07042014 TBC Gaslog Skagen Point Fortin Ohgishima 10032014
PETROBRAS BG TBC 07042014 TBCMethane
Mickie HarperPunta Europa
Guanabara Bay
01042014
PETROBRAS BP TBC 05042014 TBC British Emerald SaguntoGuanabara
Bay01042014
CHENIERE BG TBC 04042014 TBC Clean Energy Point Fortin Sabine Pass 07042014
ENARSAGAS NATURAL
FENOSA18-22102013 02042014 $1500-1550 LNG Libra Point Fortin Escobar 10032014
TEPCO BP16012014 - 15022014
01042014$1900sMMBtu
British Sapphire Sagunto Negishi 05032014
GAILEXCELERATE
ENERGY03012014 01042014 $1550-1600 Explorer Reganosa Dahej 10032014
ENARSA SHELL 17012014 1-3132014 $1800s TBC TBC Bahia Blanca 17012014
TEPCO RWE TBC 29032014 TBC Gaslog Chelsea Snohvit Kisarazu 01032014
PETROBRAS STATOIL TBC 29032014 TBC LNG Jupiter SnohvitGuanabara
Bay13032014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
Trades
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
8GLM 1016 | 17 April 2014 | wwwiciscomenergy
FREE ON BOARD TRANSACTIONS
Buyer SellerTransaction
dateLifting period
Price $MMBtu
Vessel Load PortInformation
updated
EXCELERATE ENERGY
GAS NATURAL FENOSA
10042014 Wilpride Spain 03032014
GLENCORE TBC 1-30042014 $1300s TBC Spain 26032014
PETROBRAS TBC 23042014 Excelsior Bonny Island 26032014
PETROBRAS DONG 06042014 Excalibur Rotterdam 26032014
TBC BG 4-5042014Methane Heather
SallyDampier 07042014
EXCELERATE ENERGY
IBERDROLA 01122013 13032014 Explorer Ferrol 26032014
PETROBRAS TBC TBC 10032014 Expedient Point Fortin 03032014
RWE GDF SUEZ 1-31012014 15-28022014 $1600-$1620 TBC Snohvit 05022014
PETROBRAS TBC 1-31012014 08022014 Wilgas Sagunto 31012014
GAZPROM TBC TBC 04022014 LNG Pioneer Ras Laffan 12022014
PETROBRAS CONOCOPHILLIPS TBC 01022014 $1467 Excelsior Freeport 12022014
GAZPROM NLNG TBC 20012014 Lena River Bonny Island 12022014
BP ITOCHU TBC 20012014 British Sapphire Gwangyang 05022014
GLENCORE RWE 20112013 28122013 Lobito Snohvit 21112013
VITOL ECONGAS 2511-6122013 14122013 Ben Badis Rotterdam 12122013
BP EDP 1-7112013 14122013 $1450 Celestine River HuelvaFos 26112013
PETROBRAS TBC 09122013 LNG Capricorn Sagunto 02122013
BP CONOCOPHILLIPS 11102013 25112013 $1345 British Merchant Freeport 22112013
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
KOGAS TOTAL TBC 28032014 TBC Meridian Spirit Bonny Tongyeong 10032014
ENARSA BP 18-22102013 28032014 $1500-1550 British Ruby Point Fortin Bahia Blanca 10032014
ASIAN BUYER GAZPROM TBC 28-31032014 TBC Lena River Reganosa TBC 01012014
CPC BG GROUP 16-31012014 26032014 $1900sMethane Becki
Anne Punta Europa Yung An 27032014
CNOOC ANGOLA LNG 03032014 26032014 $1700s Malanje Soyo Guangdong 10032014
TOKYO GAS SHELL TBC 26032014 TBCLNG River
Orashi Bonny Kawasaki 10032014
PETROBRAS REPSOL TBC 25032014 TBCValencia Knutsen
ZeebruggeGuanabara
Bay10032014
TEPCO GDF SUEZ 16-31012014 24032014 1900sLalla Fatma NrsquoSoumer
Arzew Futtsu 18032014
GAILGAS NATURAL
FENOSATBC 23032014 TBC Iberica Knutsen Bonny Dabhol 20032014
PETROBRAS GDF SUEZ TBC 22032014 TBCGDF SUEZ
BostonPoint Fortin
Guanabara Bay
20032014
ENARSAGAS NATURAL
FENOSA18-22102013 20032014 $1500-1550 Polar Spirit Point Fortin Escobar 10032014
ENARSAGAS NATURAL
FENOSA18-22102013 12032014 $1500-1550 SCF Polar Point Fortin Escobar 10032014
PETROBRAS BG GROUP TBC 11032014 TBCMethane
Patricia CamilaPunta Europa
Guanabara Bay
10032014
GLENCORE KOGAS TBC 04032014 TBC WilEnergy Sagunto Pyeongtaek 10032014
PETROBRAS NLNG TBC 02032014 TBC LNG Ondo BonnyGuanabara
Bay24022014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
9GLM 1016 | 17 April 2014 | wwwiciscomenergy
Canadian Triton LNG receives regulatory export licence Calgary-based AltaGas and its Japanese refining partner Idemitsu have received a 25-year export licence from Canadian energy regulators for their joint small-scale LNG ex-port project
The proposed venture which would either be located near Kitimat or Prince Rupert in British Columbia envisages a floating lique-faction storage and offloading (FLSO) vessel which would include two liquefaction trains
Known as Triton LNG the project received approval to export 23mtpa on 16 April from Canadarsquos National Energy Board (NEB) as well as an additional 15 annual tolerance as per Canadian export standards
ldquoWe have determined that the quantity of gas proposed to be exported by Triton LNG is surplus to Canadian needs The board is satis-fied that the gas resource base in Canada as well as North America is large and can ac-commodate reasonably foreseeable Canadian demand the proposed LNG exports and a plausible potential increase in demandrdquo the NEB order stated
Given the abundance of shale gas in North America the US is no longer importing Cana-dian gas which has stranded the countryrsquos gas reserves and spurred LNG export projects to be developed along the west coast of British Columbia
The Western Canadian export projects are targeting premium northeast Asian markets and Asian companies such as Idemitsu have partnered directly with project proponents through equity and offtake agreements in order to help commercialise the gas
However the Canadian liquefaction ventures and associated pipelines which are developed at a greenfield cost have stalled in reaching final investment because of the cost uncertainties associated with developing in such a rugged and remote environment
Canadarsquos provincial government officials and regulatory authorities have viewed themselves as backers of the LNG industry promoting the country as a desirable location to develop large energy infrastructure projects such as LNG exports
The next project awaiting its export licence is Goldboro LNG a scheme developed by Pieri-dae Energy in Guysborough Nova Scotia on the east coast of Canada The 10mpta project has a 5mpta agreement in place with German utility EON on a European hub-indexation The project seeks to supply the LNG by requesting a flow reversal on the Maritimes and Northeast Pipeline that runs from Canada to the US
The gap between the NEBrsquos last approval ndash on 16 December 2013 ndash and the Triton LNG approval on 16 April perhaps signals a more cautious approach by the government
While not as lengthy as the time that it took for the US Freeport LNG project to receive its long-awaited non-free trade agreement (non-FTA) export licence from the US Depart-ment of Energy (DOE) the four-month pause between the Canadian projects has been the longest time period yet between approvals
In the interim the NEB also approved a 25-year application in February for a US pro-ject proposed on the west coast the planned 6mpta Jordan Cove venture developed by Cal-gary-based infrastructure company Veresen The Jordan Cove scheme proposes importing Canadian pipeline gas into the US and then bringing the volumes to the greenfield site in southwest Oregon to export as LNG
Triton LNG is the ninth project with a Cana-dian export licence
The NEB approved a batch of four projects in December 2013 These included BG Grouprsquos Prince Rupert facility Malaysiarsquos PETRONAS 12mtpa Pacific NorthWest the ExxonMobil-Imperial Oil venture WCC and the Woodfibre LNG export project developed by the Singa-pore energy company Pacific Oil amp Gas
Royal Dutch Shell is leading a consortium with Chinarsquos PetroChina Japanese trading company Mitsubishi and Korearsquos KOGAS for a planned 12mtpa facility in Kitimat
The first Canadian project to receive its ex-port licence was in October 2011 the planned 10mtpa Kitimat LNG project which is now being jointly marketed by US-based producer Chevron and exploration and production com-pany Apache Corporation Ruth Liao
GIIGNL corrects annual reportA mid-term agreement between the An-gola LNG consortium and Brazilrsquos state-run Petrobras in the International Group of LNG Importers (GIIGNL) report published on 8 April was incorrect according to the organi-sation The initial report stated that the two companies reached an agreement in 2013 for
400000 tonnes per annum on a four-year basis on delivered ex-ship (DES) terms
The information was considered incor-rectly documented as a wrong assumption and GIIGNL has since reissued a final report on its website removing the contract infor-mation Ruth Liao
Russia aims to finalise gas talks with China by MayRussiarsquos incumbent producer Gazprom hopes to finalise a 30-year gas agreement to supply China prior to President Vladimir Pu-tinrsquos approaching visit Arkady Dvorkovich Russiarsquos deputy prime minister said on 14 April as quoted by the Russian media
ldquoOn gas the talks are nearing a close and there is a mutual intention to finish this work before the Russian presidentrsquos visit in Mayrdquo Dvorkovich said during a televised government meeting
ldquoConsultations are ongoing and Gazpromrsquos management are holding talks with Chinese partners on the contract terms We hope to conclude the contract in May and believe it should come into effect by the year endrdquo Dvorkovich said
The agreement would involve the export of 38 billion cubic metres (bcm)year of pipe-line gas starting in 2018
Volumes could be ramped up to 70bcmyear over the course of 30 years The framework agreement between Gazprom and government-controlled China National Petroleum Corporation was signed back in 2009
Negotiations have taken place over the course of the last 10 years with pricing seen as the main roadblock to reaching the agree-ment
However with growing political tensions over Russiarsquos involvement in Ukrainersquos crisis and the subsequent annexation of Crimea China could have gained a bargaining ad-vantage with the potential increasing isola-tion of Russia from western gas markets
Russia has been actively seeking alterna-tive markets in Asia to export gas either through pipeline from fields mainly in Si-beria and the Russian Far East or as LNG to decrease dependence on European imports Russia has few exports markets for gas out-side Europe
lsquoEconomic sanctions from the EU cou-pled with potential competition of shale gas exports from the US ndash as LNG or shale gas develops in Europe ndash could mean a diminish-ing market for Russian gas
As a result Russian export strategy has become mainly Asia-oriented with the po-tential development of several LNG projects including Vladivostok and the expansion of the Sakhalin-2 LNG project with another train
China needs gas to satisfy its growing energy needs as well as to replace coal-fired power generation in densely populated parts of the country Roman Kazmin
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
10GLM 1016 | 17 April 2014 | wwwiciscomenergy
Japanrsquos energy plan warns about LNG dependenceJapanrsquos cabinet has approved a new basic energy plan which defines coal and nuclear power as the key baseload sources of power generation and relegates LNG to an inter-mediate load source status according to the plan released by the Japanese Ministry of Economy Trade and Industry (METI) on 11 April The energy plan which lays out the countryrsquos energy policies for the next 20 years warned about the need to avoid exces-sive reliance on high-priced LNG imports as a substitution for nuclear power generation but did not include any numerical targets for the countryrsquos long-term energy mix
ldquoJapan should avoid excessive depen-dence on LNG as a source of power genera-tion and promote cost reductions by diversify-ing its supply sourcesrdquo the plan said
The plan suggests a number of actions that can be taken at the corporate and in-stitutional levels to reduce the cost of LNG imports such as diversifying contract price indexations eliminating destination restric-tions increasing investment in upstream developments and supporting joint procure-ment agreements to increase buyersrsquo bar-gaining power
ldquoIt is necessary to continue to support strategic efforts towards joint procurementrdquo the plan said
The plan anticipates that US shale gas exports will have a positive impact on the Japanese and global markets from 2017 as these contracts will be linked to the US Henry Hub gas benchmark and will not include a destination restriction clause which means offtakers will be able to trade volumes inter-nationally
ldquoUS LNG will contribute not only to the improvement of the global trading environ-ment but also to the creation of an LNG futures marketrdquo the plan said
Fourth planJapanrsquos energy plan which was drafted in December 2013 but only released by METI for cabinet approval on 18 March is the countryrsquos fourth basic energy plan and the first one formulated since the 2011 earthquake and the nuclear shutdowns that followed Since then Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90
The plan highlights the key role that coal and nuclear power sources are expected to play in the countryrsquos energy mix (For more on this see the Focus on Japan)
The plan re-evaluated the key role that nuclear power is to play in the countryrsquos en-ergy mix and states that Japan will proceed to
restart those nuclear reactors that have suc-cessfully passed the safety assessments by the Nuclear Regulation Authority (NRA) and have received approval by the local governments
This reverses the previous Democratic Party of Japan governmentrsquos decision to phase out nuclear power generation by 2040 in the wake of the 2011 Fukushima disaster
Nuclear energy remains an efficient abundant and stable source of power sup-ply which can be domestically produced at relatively low operating costs and greenhouse gas emissions the plan said The priority lies in ensuring the safety of the nuclear power plants it added
Power market liberalisation by 2020The plan highlighted the importance of reforms aimed at liberalising the downstream power markets The full liberalisation of the downstream power generation and retail markets are being advanced through three stages with completion of stage three expected in 2020 the plan said
ldquoBy promoting legal neutrality in the power transmission and distribution sector we will tackle limitations in the conventional power system and increase investment in the power distribution networkrdquo the plan said Abache Abreu
Thailandrsquos PTT in talks for up to 1mtpa of long-term supply from BP
Thailandrsquos state-owned buyer PTT is in discussions with UK-headquartered oil and gas major BP for the long-term supply of up to 1mtpa of LNG on a delivered ex ship (DES) basis starting from 2015 a PTT company offi-cial said in a telephone interview on 11 April
ldquoWe are in discussions with many suppli-ers to make sure we have the best deal for the best interest of the countryrdquo said Nutta-chat Charuchinda chief operations officer of PTTrsquos downstream petroleum business group
ldquoWe would like to see the best options that are available to us [hellip] a basket of supply to make sure that we have security of supply at the best pricerdquo he said
PTT is open to different sources of supply and price indexationsldquo whether it is linked to crude oil JCC [Japanese Crude Cocktail] or Henry Hubrdquo Charuchinda said
Additional contractual agreements are sought in response to PTTrsquos own energy forecasts which foresee a rise in Thailandrsquos domestic energy consumption and an in-crease in the share natural gas holds in the countryrsquos energy mix in relation to coal and nuclear power generation On the other hand the countryrsquos energy reserves are fast dwindling according to PTT while pipeline gas imports from neighbouring countries are increasingly limited
PTT has so far signed two long-term agreements for a total supply of 46mtpa by 2020 In December 2012 PTT signed its first long-term LNG contract with Qatargas for the supply of 2mpta of LNG for 20 years start-ing in 2015 In December 2013 PTT signed a preliminary deal with US-based Anadarko Petroleum for the procurement of 26mpta from Mozambique starting from 2018-2019
Additional 1mtpa might be enoughIn the long term PTT might be interested in securing additional supply from North America or east Africa but having secured 46mtpa under long-term contracts an additional 1mtpa supply might be sufficient to meet the Thai buyerrsquos mid-term demand requirements a Singapore-based analyst said
ldquoPTT has realised they need more LNG but with almost 5mtpa in contracts and an additional 1mtpa under discussion they might wait and see before they start buying againrdquo said Tony Regan an analyst at Singa-pore-based consultancy Tri-Zen International
ldquoPTT could be cautious and assume they might not be able to get more gas from Myanmar domestic reserves are declining and there is little potential for that to recoverrdquo he said ldquoBut I think they will wait Otherwise they are going to see prices firming because
of all this buying activity Also they have been relatively slow to develop their domestic market for regasified LNG There is a huge industry nearby but it is taking them time to secure contracts with offtakers and arrange truck lifting from the terminalrdquo
Spot procurement set to continueWhile PTT aims to meet most of its demand requirements through long-term contracts the Thai buyer will continue to supplement any shortages through spot LNG purchases
ldquoWe cannot commit [wholly] to term supply Some spot supply [will continue]rdquo Charuchinda said The company recently awarded a single-cargo buy tender for deliv-ery between 5-20 May and is in the market for additional June-delivery volumes
ldquo[PTT] has finished procurement for May [and] will now start looking for June [deliver-ies]rdquo a source close to the tender process said
PTT typically limits participation in its ten-ders to parties with which it has previously concluded master sales agreements Winners of 2013 PTT tenders include Qatari supplier Qatargas Francersquos GDF SUEZ UK-based BG Group and Anglo-Dutch major Shell Nor-wayrsquos Statoil Francersquos Total and Russiarsquos Gazprom have also participated in the 2013 tenders Abache Abreu
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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ICIS Compliance and Methodologywwwiciscomcompliance
Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
Editorial Director Europe amp AmericasStephen Burns +1 713 525 2611 stephenburnsiciscomEditor GLMEdward Cox +44 20 7911 1772 edcoxiciscom
Vice President of Sales Douglas Strien +44 20 7911 1919
energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
Senior Marketing ManagerJacqueline Savory +44 20 7911 1977 Jacquelinesavoryiciscom
Head of Design and ProductionAlexis Rendell
Global Production Editor Louise Murrell +44 20 8652 8139 louisemurrelliciscom
Global Chief Copy EditorLewis Harper +44 20 8652 4958 lewisharpericiscom
The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
4GLM 1016 | 17 April 2014 | wwwiciscomenergy
Spot Netback Indications
0
4
8
12
16
20
AustraliaNortheast AsiaTrinidadFar EastWest AfricaNorth AfricaMiddle East
Huelva Bahia Blanca TokyoHaziraIsle of Grain
PRODUCING REGION NETBACKS FROM KEY MARKETS $MMBtu
Middle East North Africa West Africa Far East Trinidad Northeast Asia Australia N Europe
Tokyo 1522 2491 2478 0645 3123 0306 0919 3147
Pyeong Taek 1454 2410 2400 0591 2984 0403 0889 3067
Guangdong 1214 2163 2158 0391 2732 0559 0702 2815
Yung An 1248 2198 2187 0390 2768 0507 0687 2851
Singapore 0899 1839 1863 0236 2505 0760 0467 2485
Map Ta Phut 1066 2010 2028 0311 2667 0755 0625 2660
Hazira 0392 1407 1648 0764 1965 1419 0924 2031
Jebel Ali 0158 1350 1667 0974 2144 2014 1111 1968
Mina Al Ahmadi 0172 1453 1832 1066 2008 1699 1200 2085
Aliaga 1171 0413 1189 1732 1210 2375 1858 1028
Revithoussa 1166 0385 1160 1724 1181 2365 1835 0999
Rovigo 1318 0426 1203 1878 1223 2523 1990 1039
Huelva 1483 0196 0836 2049 0844 2698 2176 0673
Sines 1512 0224 0831 2083 0824 2732 2210 0636
Rotterdam 1751 0447 1059 2307 0983 2976 2450 0407
Zeebrugge 1751 0447 1059 2307 0983 2976 2450 0407
Montoir 1670 0379 0980 2236 0920 2887 2349 0519
Isle of Grain 1748 0445 1047 2310 0977 2974 2448 0407
Sabine Pass 2514 1184 1440 2821 0590 4006 3636 1294
Quintero 2328 1901 1565 2265 1573 2103 2007 2311
Pecem 1866 0820 0716 2266 0473 3103 2048 1225
Bahia Blanca 2094 1381 1094 2296 1103 2433 2078 1807
SHIPPING COSTS $MMBtu
Middle East North Africa West Africa Far East Trinidad Northeast Asia Australia N Europe
Tokyo 13453 12484 12497 14330 11852 14669 14056 11828
Pyeong Taek 13471 12515 12525 14334 11941 14522 14036 11858
Guangdong 13711 12762 12767 14534 12193 14366 14223 12110
Yung An 13727 12777 12788 14585 12207 14468 14288 12124
Singapore 13731 12791 12767 14394 12125 13870 14163 12145Map Ta Phut 13664 12720 12702 14419 12063 13975 14105 12070Hazira 14008 12993 12752 13636 12435 12981 13476 12369
Jebel Ali 13742 12550 12233 12926 11756 11886 12789 11932
Mina Al Ahmadi 14428 13147 12768 13534 12592 12901 13400 12515
Aliaga 11679 12437 11661 11118 11640 10475 10992 11822
Revithoussa 11384 12165 11390 10826 11369 10185 10715 11551
Rovigo 10932 11824 11047 10372 11027 9727 10260 11211
Huelva 11316 12603 11963 10750 11955 10101 10623 12126
Sines 11286 12575 11967 10716 11975 10066 10589 12163
Rotterdam 7966 9269 8657 7410 8734 6740 7267 9309
Zeebrugge 7860 9164 8552 7304 8629 6635 7161 9204
Montoir 7041 8331 7731 6475 7791 5823 6362 8191
Isle of Grain 6875 8178 7576 6313 7646 5649 6175 8215
Sabine Pass 10296 11626 11370 9989 12220 8804 9174 11516
Quintero 12382 12809 13145 12445 13137 12607 12703 12399
Pecem 13094 14140 14244 12694 14487 11857 12912 13735
Bahia Blanca 12746 13459 13746 12544 13737 12407 12762 13033
NETBACK VALUES $MMBtu
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
5GLM 1016 | 17 April 2014 | wwwiciscomenergy
0
2
4
6
8
10
0
4
8
12
16
20
Feb2014
Dec2013
Oct2013
Aug2013
Jun2013
Apr2013
Feb2013
$M
MBt
u
Billions of cubic feet
Sour
ce N
YMEX
US
Dep
t of E
nerg
y
Weighted average LNG import price Settlement front-month Henry Hub LNG volume
3
4
5
6
7
8
9
10
11
12
13
1 Apr2014
3 Mar2014
3 Feb2014
2 Jan2014
2 Dec2013
1 Nov2013
Sour
ce I
CIS
Her
en
Henry HubNBP
939000 tonnes from Qatar in line with the end of the winter demand profile in north-east Asia NBP prices currently represent one of the lowest netback values with the front month at more than a three-year low ndash in part as a result of the increase in LNG arrivals But the liquidity of the hub and availability of buyers is still a useful flexible tool for spare cargoes
First 2014 STS transfer at MontoirThe French Montoir LNG facility carried out the first ship-to-ship transfer of the year on 12 April on two GDF SUEZ vessels Snohvit-sourced LNG was transferred over a period of two days from the 177000cbm Grace Dahlia to the 150000cbm Grace Barleria The latter was likely to head to South Korea to either of the countryrsquos independent importers GS Caltex or SK EampS a source said
Surge in shipping activityMore than 10 LNG carriers have been chartered in the last three weeks according to shipping sources with a growing discrepancy in rates in the Atlantic and the Pacific Ship owners have been more willing to renegotiate on re-delivery terms while keeping charter rates above $60000day for dual fuel diesel electric (DFDE) ships and in the $50000sday for steam turbine propulsion ships GDF SUEZ EDFT and Trafigura were all heard to have chartered 2013-built DFDE vessels
Market Report ❯❯ Continued from page 3
BUNKERS SPOT DELIVERED PRICES $tonne
IFO 380 IFO 180 MDO
IFO 380 IFO 180 MDO
Location 16042014 09042014 Change 16042014 09042014 Change 16042014 09042014 Change
Rotterdam 58550 57950 104 60450 60450 000 na na na
Fujairah 59850 59100 127 63400 62750 104 na na na
Houston 59800 58700 187 65600 65150 069 na na na
Location 17042014 10042014 Change 17042014 10042014 Change 17042014 10042014 Change
Singapore 58300 58300 000 60600 60600 000 91500 89800 189
NBP vs HENRY HUB MAY rsquo14 CONTRACT $MMBtu
HENRY HUB vs LNG PRICES 20132014
0
5
10
15
20
25
11 Apr2014
17 Mar14 Feb16 Jan12 Dec13 Nov14 Oct13 Sep13 Aug15 Jul13 Jun14 May11 Apr2013
NBPEAX
$M
Mbt
u
EAST ASIA VS NBP FRONT-MONTH HISTORIC CLOSES
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
6GLM 1016 | 17 April 2014 | wwwiciscomenergy
Tenders
Additional fields and history are available via the ICIS FTP service These include additional deliverylifting details and tender participants
LATEST GLOBAL LNG TENDERS 17 APRIL 2014
Buysell Tenderer
Shipping basis Location
No of cargoes
DeliveryLifting start
DeliveryLifting end
Tender open
Tender close Status
Information updated
Sell Angola LNG DES Soyo 1 01042014 3004201420032014-31032014
01042014 TBC 24032014
Sell Angola LNG DES Soyo 1 24032014 2503201410032014-24032014
25032014 Awarded 11042014
Buy PTT DES Map Ta Phut 1 05052014 2005201424032014-02042014
03042014 Awarded 09042014
Buy PTT DES Map Ta Phut 1 01042014 1504201401022014-28022014
01022014-28022014
Awarded 02042014
Sell Galp Energia FOB Bonny 6 01102015 01102020 14032014 19032014 Awarded 18032014
Buy ENARSAYPF DES Escobar 1 26052014 30052014 12032014 25032014 Closed 26032014
Buy ENARSAYPF DES Bahia Blanca 1 01052014 07052014 12032014 25032014 Awarded 28032014
Sell NWS LNG DES or FOB Dampier 5 15042014 11052014 06032014 11032014 Awarded 31032014
Sell Angola LNG DES Soyo 1 11032014 12032014 06032014 TBC Awarded 17032014
Buy PTT DES Map Ta Phut 1 16042014 30042014 04032014 11032014 Awarded 02042014
Sell Angola LNG DES Soyo 1 25022014 26022014 20022014 03032014 Closed 04032014
Sell Galp Energia DES or FOB Bonny 30 01102015 01102020 18022014 05032014 Awarded 19032014
Buy ENARSAYPF DESBahia Blanca
Escobar1 21042014 30042014 14022014 19022014 Cancelled 21022014
Buy ENARSAYPF DESBahia Blanca
Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014
Sell Angola LNG DES Soyo 1 15022014 16022014 11022014 17022014 Awarded 20022014
Sell Angola LNG DES Soyo 1 04022014 04022014 10022014 Awarded 10022014
Buy ENARSAYPF DES Bahia Blanca 3 01022014 10012014 15012014 Partial Award 17012014
Buy ENARSAYPF DES Escobar 2 01022014 10012014 15012014 Cancelled 17012014
Sell Enel FOB Bonny 6 01102014 30092015 09012014 27012014 Awarded 12022014
Trades
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
7GLM 1016 | 17 April 2014 | wwwiciscomenergy
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
PETROBRAS KOCH 1-30032014 1-30062014 TBC TBC Bonny Brazil 11042014
GNL Chile SHELL 17-21032014 1-15062014 $1600-1620 TBC Point Fortin Quintero 11042014
GNL Chile BG GROUP 17-21032014 1-30052014 $1600-1620 TBC Point Fortin Quintero 11042014
TBC TRAFIGURA TBC 30042014 TBC Golar Seal Reganosa Taiwan 11042014
PETROBRAS PETRONAS TBC 30042014 TBC Seri Begawan Zeebrugge Brazil 14042014
ASIAN BUYER TBC TBC 07-31042014 TBCCastillo
SantistebanBonny Asia 01012014
ENARSA BP 18-22102013 27042014 $1500-1550 Celestine River Cartagena Bahia Blanca 01042014
ENARSAGAS NATURAL
FENOSA18-22102013 25042014 $1500-1550 Polar Spirit Point Fortin Escobar 01042014
KOGAS TBC TBC 23042014 TBC Wilforce Bonny Tongyeong 07042014
ENARSA STATOIL TBC 22042014 $1500-1550 Arctic Voyager Snohvit Bahia Blanca 10042014
KYUSHU ELECTRIC
TBC TBC 19042014 TBC Seri Angkasa Bonny Oita 01012014
CNOOC ANGOLA LNG TBC 17042014 $1450-1490Sonangol
EtoshaSoyo
Zhejiang Ningbo
11042014
ENARSA BP 18-22102013 17042014 $1500-1550 British Diamond Huelva Bahia Blanca 10042014
CFEPEMEX TRAFIGURA 10052013 17042014 $18-1900 Gallina Point Fortin Manzanillo 21022014
ASIAN BUYER TBC 06032014 1-15042014 TBCSonangol
SambizangaSoyo Senboku 01012014
PETROBRAS GDF SUEZ TBC 14042014 TBCGDF SUEZ Neptune
Point FortinGuanabara
Bay11042014
CPC GDF SUEZ TBC 14042014 TBCBW GDF Suez
BrusselsBalhaf Yung An 10032014
CNOOC YEMEN LNG TBC 14042014 TBC Seri Balqis Balhaf Fujian 05042014
GSPC RASGAS 1-15032014 11042014 $1637 Fuwairit Ras Laffan Dahej 17042014
ENARSAGAS NATURAL
FENOSA18-22102013 12042014 $1500-1550 SCF Arctic Point Fortin Escobar 10032014
PETROBRAS TBC TBC 12042014 TBC WilEnergy Sagunto Salvador 01042014
CHUBU ELECTRIC
NLNG TBC 10042014 TBC LNG Imo Bonny Kawagoe 10032014
ENARSA BP 18-22102013 09042014 $1500-1550British
MerchantPoint Fortin Bahia Blanca 10042014
TBC PERTAMINA TBC 09042014 TBC LNG Aries Bontang TBC 01042014
OSAKA GAS ANGOLA LNG TBC 04042014 TBCSonangol
SambizangaSoyo Senboku 08042014
ENARSA GAZPROM 21022014 1-7042014 $1950-2000 TBC TBCEscobar
Bahia Blanca21022014
TOKYO GAS BG TBC 07042014 TBC Gaslog Skagen Point Fortin Ohgishima 10032014
PETROBRAS BG TBC 07042014 TBCMethane
Mickie HarperPunta Europa
Guanabara Bay
01042014
PETROBRAS BP TBC 05042014 TBC British Emerald SaguntoGuanabara
Bay01042014
CHENIERE BG TBC 04042014 TBC Clean Energy Point Fortin Sabine Pass 07042014
ENARSAGAS NATURAL
FENOSA18-22102013 02042014 $1500-1550 LNG Libra Point Fortin Escobar 10032014
TEPCO BP16012014 - 15022014
01042014$1900sMMBtu
British Sapphire Sagunto Negishi 05032014
GAILEXCELERATE
ENERGY03012014 01042014 $1550-1600 Explorer Reganosa Dahej 10032014
ENARSA SHELL 17012014 1-3132014 $1800s TBC TBC Bahia Blanca 17012014
TEPCO RWE TBC 29032014 TBC Gaslog Chelsea Snohvit Kisarazu 01032014
PETROBRAS STATOIL TBC 29032014 TBC LNG Jupiter SnohvitGuanabara
Bay13032014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
Trades
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
8GLM 1016 | 17 April 2014 | wwwiciscomenergy
FREE ON BOARD TRANSACTIONS
Buyer SellerTransaction
dateLifting period
Price $MMBtu
Vessel Load PortInformation
updated
EXCELERATE ENERGY
GAS NATURAL FENOSA
10042014 Wilpride Spain 03032014
GLENCORE TBC 1-30042014 $1300s TBC Spain 26032014
PETROBRAS TBC 23042014 Excelsior Bonny Island 26032014
PETROBRAS DONG 06042014 Excalibur Rotterdam 26032014
TBC BG 4-5042014Methane Heather
SallyDampier 07042014
EXCELERATE ENERGY
IBERDROLA 01122013 13032014 Explorer Ferrol 26032014
PETROBRAS TBC TBC 10032014 Expedient Point Fortin 03032014
RWE GDF SUEZ 1-31012014 15-28022014 $1600-$1620 TBC Snohvit 05022014
PETROBRAS TBC 1-31012014 08022014 Wilgas Sagunto 31012014
GAZPROM TBC TBC 04022014 LNG Pioneer Ras Laffan 12022014
PETROBRAS CONOCOPHILLIPS TBC 01022014 $1467 Excelsior Freeport 12022014
GAZPROM NLNG TBC 20012014 Lena River Bonny Island 12022014
BP ITOCHU TBC 20012014 British Sapphire Gwangyang 05022014
GLENCORE RWE 20112013 28122013 Lobito Snohvit 21112013
VITOL ECONGAS 2511-6122013 14122013 Ben Badis Rotterdam 12122013
BP EDP 1-7112013 14122013 $1450 Celestine River HuelvaFos 26112013
PETROBRAS TBC 09122013 LNG Capricorn Sagunto 02122013
BP CONOCOPHILLIPS 11102013 25112013 $1345 British Merchant Freeport 22112013
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
KOGAS TOTAL TBC 28032014 TBC Meridian Spirit Bonny Tongyeong 10032014
ENARSA BP 18-22102013 28032014 $1500-1550 British Ruby Point Fortin Bahia Blanca 10032014
ASIAN BUYER GAZPROM TBC 28-31032014 TBC Lena River Reganosa TBC 01012014
CPC BG GROUP 16-31012014 26032014 $1900sMethane Becki
Anne Punta Europa Yung An 27032014
CNOOC ANGOLA LNG 03032014 26032014 $1700s Malanje Soyo Guangdong 10032014
TOKYO GAS SHELL TBC 26032014 TBCLNG River
Orashi Bonny Kawasaki 10032014
PETROBRAS REPSOL TBC 25032014 TBCValencia Knutsen
ZeebruggeGuanabara
Bay10032014
TEPCO GDF SUEZ 16-31012014 24032014 1900sLalla Fatma NrsquoSoumer
Arzew Futtsu 18032014
GAILGAS NATURAL
FENOSATBC 23032014 TBC Iberica Knutsen Bonny Dabhol 20032014
PETROBRAS GDF SUEZ TBC 22032014 TBCGDF SUEZ
BostonPoint Fortin
Guanabara Bay
20032014
ENARSAGAS NATURAL
FENOSA18-22102013 20032014 $1500-1550 Polar Spirit Point Fortin Escobar 10032014
ENARSAGAS NATURAL
FENOSA18-22102013 12032014 $1500-1550 SCF Polar Point Fortin Escobar 10032014
PETROBRAS BG GROUP TBC 11032014 TBCMethane
Patricia CamilaPunta Europa
Guanabara Bay
10032014
GLENCORE KOGAS TBC 04032014 TBC WilEnergy Sagunto Pyeongtaek 10032014
PETROBRAS NLNG TBC 02032014 TBC LNG Ondo BonnyGuanabara
Bay24022014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
9GLM 1016 | 17 April 2014 | wwwiciscomenergy
Canadian Triton LNG receives regulatory export licence Calgary-based AltaGas and its Japanese refining partner Idemitsu have received a 25-year export licence from Canadian energy regulators for their joint small-scale LNG ex-port project
The proposed venture which would either be located near Kitimat or Prince Rupert in British Columbia envisages a floating lique-faction storage and offloading (FLSO) vessel which would include two liquefaction trains
Known as Triton LNG the project received approval to export 23mtpa on 16 April from Canadarsquos National Energy Board (NEB) as well as an additional 15 annual tolerance as per Canadian export standards
ldquoWe have determined that the quantity of gas proposed to be exported by Triton LNG is surplus to Canadian needs The board is satis-fied that the gas resource base in Canada as well as North America is large and can ac-commodate reasonably foreseeable Canadian demand the proposed LNG exports and a plausible potential increase in demandrdquo the NEB order stated
Given the abundance of shale gas in North America the US is no longer importing Cana-dian gas which has stranded the countryrsquos gas reserves and spurred LNG export projects to be developed along the west coast of British Columbia
The Western Canadian export projects are targeting premium northeast Asian markets and Asian companies such as Idemitsu have partnered directly with project proponents through equity and offtake agreements in order to help commercialise the gas
However the Canadian liquefaction ventures and associated pipelines which are developed at a greenfield cost have stalled in reaching final investment because of the cost uncertainties associated with developing in such a rugged and remote environment
Canadarsquos provincial government officials and regulatory authorities have viewed themselves as backers of the LNG industry promoting the country as a desirable location to develop large energy infrastructure projects such as LNG exports
The next project awaiting its export licence is Goldboro LNG a scheme developed by Pieri-dae Energy in Guysborough Nova Scotia on the east coast of Canada The 10mpta project has a 5mpta agreement in place with German utility EON on a European hub-indexation The project seeks to supply the LNG by requesting a flow reversal on the Maritimes and Northeast Pipeline that runs from Canada to the US
The gap between the NEBrsquos last approval ndash on 16 December 2013 ndash and the Triton LNG approval on 16 April perhaps signals a more cautious approach by the government
While not as lengthy as the time that it took for the US Freeport LNG project to receive its long-awaited non-free trade agreement (non-FTA) export licence from the US Depart-ment of Energy (DOE) the four-month pause between the Canadian projects has been the longest time period yet between approvals
In the interim the NEB also approved a 25-year application in February for a US pro-ject proposed on the west coast the planned 6mpta Jordan Cove venture developed by Cal-gary-based infrastructure company Veresen The Jordan Cove scheme proposes importing Canadian pipeline gas into the US and then bringing the volumes to the greenfield site in southwest Oregon to export as LNG
Triton LNG is the ninth project with a Cana-dian export licence
The NEB approved a batch of four projects in December 2013 These included BG Grouprsquos Prince Rupert facility Malaysiarsquos PETRONAS 12mtpa Pacific NorthWest the ExxonMobil-Imperial Oil venture WCC and the Woodfibre LNG export project developed by the Singa-pore energy company Pacific Oil amp Gas
Royal Dutch Shell is leading a consortium with Chinarsquos PetroChina Japanese trading company Mitsubishi and Korearsquos KOGAS for a planned 12mtpa facility in Kitimat
The first Canadian project to receive its ex-port licence was in October 2011 the planned 10mtpa Kitimat LNG project which is now being jointly marketed by US-based producer Chevron and exploration and production com-pany Apache Corporation Ruth Liao
GIIGNL corrects annual reportA mid-term agreement between the An-gola LNG consortium and Brazilrsquos state-run Petrobras in the International Group of LNG Importers (GIIGNL) report published on 8 April was incorrect according to the organi-sation The initial report stated that the two companies reached an agreement in 2013 for
400000 tonnes per annum on a four-year basis on delivered ex-ship (DES) terms
The information was considered incor-rectly documented as a wrong assumption and GIIGNL has since reissued a final report on its website removing the contract infor-mation Ruth Liao
Russia aims to finalise gas talks with China by MayRussiarsquos incumbent producer Gazprom hopes to finalise a 30-year gas agreement to supply China prior to President Vladimir Pu-tinrsquos approaching visit Arkady Dvorkovich Russiarsquos deputy prime minister said on 14 April as quoted by the Russian media
ldquoOn gas the talks are nearing a close and there is a mutual intention to finish this work before the Russian presidentrsquos visit in Mayrdquo Dvorkovich said during a televised government meeting
ldquoConsultations are ongoing and Gazpromrsquos management are holding talks with Chinese partners on the contract terms We hope to conclude the contract in May and believe it should come into effect by the year endrdquo Dvorkovich said
The agreement would involve the export of 38 billion cubic metres (bcm)year of pipe-line gas starting in 2018
Volumes could be ramped up to 70bcmyear over the course of 30 years The framework agreement between Gazprom and government-controlled China National Petroleum Corporation was signed back in 2009
Negotiations have taken place over the course of the last 10 years with pricing seen as the main roadblock to reaching the agree-ment
However with growing political tensions over Russiarsquos involvement in Ukrainersquos crisis and the subsequent annexation of Crimea China could have gained a bargaining ad-vantage with the potential increasing isola-tion of Russia from western gas markets
Russia has been actively seeking alterna-tive markets in Asia to export gas either through pipeline from fields mainly in Si-beria and the Russian Far East or as LNG to decrease dependence on European imports Russia has few exports markets for gas out-side Europe
lsquoEconomic sanctions from the EU cou-pled with potential competition of shale gas exports from the US ndash as LNG or shale gas develops in Europe ndash could mean a diminish-ing market for Russian gas
As a result Russian export strategy has become mainly Asia-oriented with the po-tential development of several LNG projects including Vladivostok and the expansion of the Sakhalin-2 LNG project with another train
China needs gas to satisfy its growing energy needs as well as to replace coal-fired power generation in densely populated parts of the country Roman Kazmin
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
10GLM 1016 | 17 April 2014 | wwwiciscomenergy
Japanrsquos energy plan warns about LNG dependenceJapanrsquos cabinet has approved a new basic energy plan which defines coal and nuclear power as the key baseload sources of power generation and relegates LNG to an inter-mediate load source status according to the plan released by the Japanese Ministry of Economy Trade and Industry (METI) on 11 April The energy plan which lays out the countryrsquos energy policies for the next 20 years warned about the need to avoid exces-sive reliance on high-priced LNG imports as a substitution for nuclear power generation but did not include any numerical targets for the countryrsquos long-term energy mix
ldquoJapan should avoid excessive depen-dence on LNG as a source of power genera-tion and promote cost reductions by diversify-ing its supply sourcesrdquo the plan said
The plan suggests a number of actions that can be taken at the corporate and in-stitutional levels to reduce the cost of LNG imports such as diversifying contract price indexations eliminating destination restric-tions increasing investment in upstream developments and supporting joint procure-ment agreements to increase buyersrsquo bar-gaining power
ldquoIt is necessary to continue to support strategic efforts towards joint procurementrdquo the plan said
The plan anticipates that US shale gas exports will have a positive impact on the Japanese and global markets from 2017 as these contracts will be linked to the US Henry Hub gas benchmark and will not include a destination restriction clause which means offtakers will be able to trade volumes inter-nationally
ldquoUS LNG will contribute not only to the improvement of the global trading environ-ment but also to the creation of an LNG futures marketrdquo the plan said
Fourth planJapanrsquos energy plan which was drafted in December 2013 but only released by METI for cabinet approval on 18 March is the countryrsquos fourth basic energy plan and the first one formulated since the 2011 earthquake and the nuclear shutdowns that followed Since then Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90
The plan highlights the key role that coal and nuclear power sources are expected to play in the countryrsquos energy mix (For more on this see the Focus on Japan)
The plan re-evaluated the key role that nuclear power is to play in the countryrsquos en-ergy mix and states that Japan will proceed to
restart those nuclear reactors that have suc-cessfully passed the safety assessments by the Nuclear Regulation Authority (NRA) and have received approval by the local governments
This reverses the previous Democratic Party of Japan governmentrsquos decision to phase out nuclear power generation by 2040 in the wake of the 2011 Fukushima disaster
Nuclear energy remains an efficient abundant and stable source of power sup-ply which can be domestically produced at relatively low operating costs and greenhouse gas emissions the plan said The priority lies in ensuring the safety of the nuclear power plants it added
Power market liberalisation by 2020The plan highlighted the importance of reforms aimed at liberalising the downstream power markets The full liberalisation of the downstream power generation and retail markets are being advanced through three stages with completion of stage three expected in 2020 the plan said
ldquoBy promoting legal neutrality in the power transmission and distribution sector we will tackle limitations in the conventional power system and increase investment in the power distribution networkrdquo the plan said Abache Abreu
Thailandrsquos PTT in talks for up to 1mtpa of long-term supply from BP
Thailandrsquos state-owned buyer PTT is in discussions with UK-headquartered oil and gas major BP for the long-term supply of up to 1mtpa of LNG on a delivered ex ship (DES) basis starting from 2015 a PTT company offi-cial said in a telephone interview on 11 April
ldquoWe are in discussions with many suppli-ers to make sure we have the best deal for the best interest of the countryrdquo said Nutta-chat Charuchinda chief operations officer of PTTrsquos downstream petroleum business group
ldquoWe would like to see the best options that are available to us [hellip] a basket of supply to make sure that we have security of supply at the best pricerdquo he said
PTT is open to different sources of supply and price indexationsldquo whether it is linked to crude oil JCC [Japanese Crude Cocktail] or Henry Hubrdquo Charuchinda said
Additional contractual agreements are sought in response to PTTrsquos own energy forecasts which foresee a rise in Thailandrsquos domestic energy consumption and an in-crease in the share natural gas holds in the countryrsquos energy mix in relation to coal and nuclear power generation On the other hand the countryrsquos energy reserves are fast dwindling according to PTT while pipeline gas imports from neighbouring countries are increasingly limited
PTT has so far signed two long-term agreements for a total supply of 46mtpa by 2020 In December 2012 PTT signed its first long-term LNG contract with Qatargas for the supply of 2mpta of LNG for 20 years start-ing in 2015 In December 2013 PTT signed a preliminary deal with US-based Anadarko Petroleum for the procurement of 26mpta from Mozambique starting from 2018-2019
Additional 1mtpa might be enoughIn the long term PTT might be interested in securing additional supply from North America or east Africa but having secured 46mtpa under long-term contracts an additional 1mtpa supply might be sufficient to meet the Thai buyerrsquos mid-term demand requirements a Singapore-based analyst said
ldquoPTT has realised they need more LNG but with almost 5mtpa in contracts and an additional 1mtpa under discussion they might wait and see before they start buying againrdquo said Tony Regan an analyst at Singa-pore-based consultancy Tri-Zen International
ldquoPTT could be cautious and assume they might not be able to get more gas from Myanmar domestic reserves are declining and there is little potential for that to recoverrdquo he said ldquoBut I think they will wait Otherwise they are going to see prices firming because
of all this buying activity Also they have been relatively slow to develop their domestic market for regasified LNG There is a huge industry nearby but it is taking them time to secure contracts with offtakers and arrange truck lifting from the terminalrdquo
Spot procurement set to continueWhile PTT aims to meet most of its demand requirements through long-term contracts the Thai buyer will continue to supplement any shortages through spot LNG purchases
ldquoWe cannot commit [wholly] to term supply Some spot supply [will continue]rdquo Charuchinda said The company recently awarded a single-cargo buy tender for deliv-ery between 5-20 May and is in the market for additional June-delivery volumes
ldquo[PTT] has finished procurement for May [and] will now start looking for June [deliver-ies]rdquo a source close to the tender process said
PTT typically limits participation in its ten-ders to parties with which it has previously concluded master sales agreements Winners of 2013 PTT tenders include Qatari supplier Qatargas Francersquos GDF SUEZ UK-based BG Group and Anglo-Dutch major Shell Nor-wayrsquos Statoil Francersquos Total and Russiarsquos Gazprom have also participated in the 2013 tenders Abache Abreu
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
ICIS Customer Support+65 6588 3955 (Asia amp Middle East) +44 20 8652 3335 (Europe amp Africa) +1 888 525 3255 (toll free US amp Canada) or +1 713 525 2613 (Americas) csciciscom
ICIS Compliance and Methodologywwwiciscomcompliance
Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
Editorial Director Europe amp AmericasStephen Burns +1 713 525 2611 stephenburnsiciscomEditor GLMEdward Cox +44 20 7911 1772 edcoxiciscom
Vice President of Sales Douglas Strien +44 20 7911 1919
energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
Senior Marketing ManagerJacqueline Savory +44 20 7911 1977 Jacquelinesavoryiciscom
Head of Design and ProductionAlexis Rendell
Global Production Editor Louise Murrell +44 20 8652 8139 louisemurrelliciscom
Global Chief Copy EditorLewis Harper +44 20 8652 4958 lewisharpericiscom
The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
5GLM 1016 | 17 April 2014 | wwwiciscomenergy
0
2
4
6
8
10
0
4
8
12
16
20
Feb2014
Dec2013
Oct2013
Aug2013
Jun2013
Apr2013
Feb2013
$M
MBt
u
Billions of cubic feet
Sour
ce N
YMEX
US
Dep
t of E
nerg
y
Weighted average LNG import price Settlement front-month Henry Hub LNG volume
3
4
5
6
7
8
9
10
11
12
13
1 Apr2014
3 Mar2014
3 Feb2014
2 Jan2014
2 Dec2013
1 Nov2013
Sour
ce I
CIS
Her
en
Henry HubNBP
939000 tonnes from Qatar in line with the end of the winter demand profile in north-east Asia NBP prices currently represent one of the lowest netback values with the front month at more than a three-year low ndash in part as a result of the increase in LNG arrivals But the liquidity of the hub and availability of buyers is still a useful flexible tool for spare cargoes
First 2014 STS transfer at MontoirThe French Montoir LNG facility carried out the first ship-to-ship transfer of the year on 12 April on two GDF SUEZ vessels Snohvit-sourced LNG was transferred over a period of two days from the 177000cbm Grace Dahlia to the 150000cbm Grace Barleria The latter was likely to head to South Korea to either of the countryrsquos independent importers GS Caltex or SK EampS a source said
Surge in shipping activityMore than 10 LNG carriers have been chartered in the last three weeks according to shipping sources with a growing discrepancy in rates in the Atlantic and the Pacific Ship owners have been more willing to renegotiate on re-delivery terms while keeping charter rates above $60000day for dual fuel diesel electric (DFDE) ships and in the $50000sday for steam turbine propulsion ships GDF SUEZ EDFT and Trafigura were all heard to have chartered 2013-built DFDE vessels
Market Report ❯❯ Continued from page 3
BUNKERS SPOT DELIVERED PRICES $tonne
IFO 380 IFO 180 MDO
IFO 380 IFO 180 MDO
Location 16042014 09042014 Change 16042014 09042014 Change 16042014 09042014 Change
Rotterdam 58550 57950 104 60450 60450 000 na na na
Fujairah 59850 59100 127 63400 62750 104 na na na
Houston 59800 58700 187 65600 65150 069 na na na
Location 17042014 10042014 Change 17042014 10042014 Change 17042014 10042014 Change
Singapore 58300 58300 000 60600 60600 000 91500 89800 189
NBP vs HENRY HUB MAY rsquo14 CONTRACT $MMBtu
HENRY HUB vs LNG PRICES 20132014
0
5
10
15
20
25
11 Apr2014
17 Mar14 Feb16 Jan12 Dec13 Nov14 Oct13 Sep13 Aug15 Jul13 Jun14 May11 Apr2013
NBPEAX
$M
Mbt
u
EAST ASIA VS NBP FRONT-MONTH HISTORIC CLOSES
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
6GLM 1016 | 17 April 2014 | wwwiciscomenergy
Tenders
Additional fields and history are available via the ICIS FTP service These include additional deliverylifting details and tender participants
LATEST GLOBAL LNG TENDERS 17 APRIL 2014
Buysell Tenderer
Shipping basis Location
No of cargoes
DeliveryLifting start
DeliveryLifting end
Tender open
Tender close Status
Information updated
Sell Angola LNG DES Soyo 1 01042014 3004201420032014-31032014
01042014 TBC 24032014
Sell Angola LNG DES Soyo 1 24032014 2503201410032014-24032014
25032014 Awarded 11042014
Buy PTT DES Map Ta Phut 1 05052014 2005201424032014-02042014
03042014 Awarded 09042014
Buy PTT DES Map Ta Phut 1 01042014 1504201401022014-28022014
01022014-28022014
Awarded 02042014
Sell Galp Energia FOB Bonny 6 01102015 01102020 14032014 19032014 Awarded 18032014
Buy ENARSAYPF DES Escobar 1 26052014 30052014 12032014 25032014 Closed 26032014
Buy ENARSAYPF DES Bahia Blanca 1 01052014 07052014 12032014 25032014 Awarded 28032014
Sell NWS LNG DES or FOB Dampier 5 15042014 11052014 06032014 11032014 Awarded 31032014
Sell Angola LNG DES Soyo 1 11032014 12032014 06032014 TBC Awarded 17032014
Buy PTT DES Map Ta Phut 1 16042014 30042014 04032014 11032014 Awarded 02042014
Sell Angola LNG DES Soyo 1 25022014 26022014 20022014 03032014 Closed 04032014
Sell Galp Energia DES or FOB Bonny 30 01102015 01102020 18022014 05032014 Awarded 19032014
Buy ENARSAYPF DESBahia Blanca
Escobar1 21042014 30042014 14022014 19022014 Cancelled 21022014
Buy ENARSAYPF DESBahia Blanca
Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014
Sell Angola LNG DES Soyo 1 15022014 16022014 11022014 17022014 Awarded 20022014
Sell Angola LNG DES Soyo 1 04022014 04022014 10022014 Awarded 10022014
Buy ENARSAYPF DES Bahia Blanca 3 01022014 10012014 15012014 Partial Award 17012014
Buy ENARSAYPF DES Escobar 2 01022014 10012014 15012014 Cancelled 17012014
Sell Enel FOB Bonny 6 01102014 30092015 09012014 27012014 Awarded 12022014
Trades
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
7GLM 1016 | 17 April 2014 | wwwiciscomenergy
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
PETROBRAS KOCH 1-30032014 1-30062014 TBC TBC Bonny Brazil 11042014
GNL Chile SHELL 17-21032014 1-15062014 $1600-1620 TBC Point Fortin Quintero 11042014
GNL Chile BG GROUP 17-21032014 1-30052014 $1600-1620 TBC Point Fortin Quintero 11042014
TBC TRAFIGURA TBC 30042014 TBC Golar Seal Reganosa Taiwan 11042014
PETROBRAS PETRONAS TBC 30042014 TBC Seri Begawan Zeebrugge Brazil 14042014
ASIAN BUYER TBC TBC 07-31042014 TBCCastillo
SantistebanBonny Asia 01012014
ENARSA BP 18-22102013 27042014 $1500-1550 Celestine River Cartagena Bahia Blanca 01042014
ENARSAGAS NATURAL
FENOSA18-22102013 25042014 $1500-1550 Polar Spirit Point Fortin Escobar 01042014
KOGAS TBC TBC 23042014 TBC Wilforce Bonny Tongyeong 07042014
ENARSA STATOIL TBC 22042014 $1500-1550 Arctic Voyager Snohvit Bahia Blanca 10042014
KYUSHU ELECTRIC
TBC TBC 19042014 TBC Seri Angkasa Bonny Oita 01012014
CNOOC ANGOLA LNG TBC 17042014 $1450-1490Sonangol
EtoshaSoyo
Zhejiang Ningbo
11042014
ENARSA BP 18-22102013 17042014 $1500-1550 British Diamond Huelva Bahia Blanca 10042014
CFEPEMEX TRAFIGURA 10052013 17042014 $18-1900 Gallina Point Fortin Manzanillo 21022014
ASIAN BUYER TBC 06032014 1-15042014 TBCSonangol
SambizangaSoyo Senboku 01012014
PETROBRAS GDF SUEZ TBC 14042014 TBCGDF SUEZ Neptune
Point FortinGuanabara
Bay11042014
CPC GDF SUEZ TBC 14042014 TBCBW GDF Suez
BrusselsBalhaf Yung An 10032014
CNOOC YEMEN LNG TBC 14042014 TBC Seri Balqis Balhaf Fujian 05042014
GSPC RASGAS 1-15032014 11042014 $1637 Fuwairit Ras Laffan Dahej 17042014
ENARSAGAS NATURAL
FENOSA18-22102013 12042014 $1500-1550 SCF Arctic Point Fortin Escobar 10032014
PETROBRAS TBC TBC 12042014 TBC WilEnergy Sagunto Salvador 01042014
CHUBU ELECTRIC
NLNG TBC 10042014 TBC LNG Imo Bonny Kawagoe 10032014
ENARSA BP 18-22102013 09042014 $1500-1550British
MerchantPoint Fortin Bahia Blanca 10042014
TBC PERTAMINA TBC 09042014 TBC LNG Aries Bontang TBC 01042014
OSAKA GAS ANGOLA LNG TBC 04042014 TBCSonangol
SambizangaSoyo Senboku 08042014
ENARSA GAZPROM 21022014 1-7042014 $1950-2000 TBC TBCEscobar
Bahia Blanca21022014
TOKYO GAS BG TBC 07042014 TBC Gaslog Skagen Point Fortin Ohgishima 10032014
PETROBRAS BG TBC 07042014 TBCMethane
Mickie HarperPunta Europa
Guanabara Bay
01042014
PETROBRAS BP TBC 05042014 TBC British Emerald SaguntoGuanabara
Bay01042014
CHENIERE BG TBC 04042014 TBC Clean Energy Point Fortin Sabine Pass 07042014
ENARSAGAS NATURAL
FENOSA18-22102013 02042014 $1500-1550 LNG Libra Point Fortin Escobar 10032014
TEPCO BP16012014 - 15022014
01042014$1900sMMBtu
British Sapphire Sagunto Negishi 05032014
GAILEXCELERATE
ENERGY03012014 01042014 $1550-1600 Explorer Reganosa Dahej 10032014
ENARSA SHELL 17012014 1-3132014 $1800s TBC TBC Bahia Blanca 17012014
TEPCO RWE TBC 29032014 TBC Gaslog Chelsea Snohvit Kisarazu 01032014
PETROBRAS STATOIL TBC 29032014 TBC LNG Jupiter SnohvitGuanabara
Bay13032014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
Trades
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
8GLM 1016 | 17 April 2014 | wwwiciscomenergy
FREE ON BOARD TRANSACTIONS
Buyer SellerTransaction
dateLifting period
Price $MMBtu
Vessel Load PortInformation
updated
EXCELERATE ENERGY
GAS NATURAL FENOSA
10042014 Wilpride Spain 03032014
GLENCORE TBC 1-30042014 $1300s TBC Spain 26032014
PETROBRAS TBC 23042014 Excelsior Bonny Island 26032014
PETROBRAS DONG 06042014 Excalibur Rotterdam 26032014
TBC BG 4-5042014Methane Heather
SallyDampier 07042014
EXCELERATE ENERGY
IBERDROLA 01122013 13032014 Explorer Ferrol 26032014
PETROBRAS TBC TBC 10032014 Expedient Point Fortin 03032014
RWE GDF SUEZ 1-31012014 15-28022014 $1600-$1620 TBC Snohvit 05022014
PETROBRAS TBC 1-31012014 08022014 Wilgas Sagunto 31012014
GAZPROM TBC TBC 04022014 LNG Pioneer Ras Laffan 12022014
PETROBRAS CONOCOPHILLIPS TBC 01022014 $1467 Excelsior Freeport 12022014
GAZPROM NLNG TBC 20012014 Lena River Bonny Island 12022014
BP ITOCHU TBC 20012014 British Sapphire Gwangyang 05022014
GLENCORE RWE 20112013 28122013 Lobito Snohvit 21112013
VITOL ECONGAS 2511-6122013 14122013 Ben Badis Rotterdam 12122013
BP EDP 1-7112013 14122013 $1450 Celestine River HuelvaFos 26112013
PETROBRAS TBC 09122013 LNG Capricorn Sagunto 02122013
BP CONOCOPHILLIPS 11102013 25112013 $1345 British Merchant Freeport 22112013
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
KOGAS TOTAL TBC 28032014 TBC Meridian Spirit Bonny Tongyeong 10032014
ENARSA BP 18-22102013 28032014 $1500-1550 British Ruby Point Fortin Bahia Blanca 10032014
ASIAN BUYER GAZPROM TBC 28-31032014 TBC Lena River Reganosa TBC 01012014
CPC BG GROUP 16-31012014 26032014 $1900sMethane Becki
Anne Punta Europa Yung An 27032014
CNOOC ANGOLA LNG 03032014 26032014 $1700s Malanje Soyo Guangdong 10032014
TOKYO GAS SHELL TBC 26032014 TBCLNG River
Orashi Bonny Kawasaki 10032014
PETROBRAS REPSOL TBC 25032014 TBCValencia Knutsen
ZeebruggeGuanabara
Bay10032014
TEPCO GDF SUEZ 16-31012014 24032014 1900sLalla Fatma NrsquoSoumer
Arzew Futtsu 18032014
GAILGAS NATURAL
FENOSATBC 23032014 TBC Iberica Knutsen Bonny Dabhol 20032014
PETROBRAS GDF SUEZ TBC 22032014 TBCGDF SUEZ
BostonPoint Fortin
Guanabara Bay
20032014
ENARSAGAS NATURAL
FENOSA18-22102013 20032014 $1500-1550 Polar Spirit Point Fortin Escobar 10032014
ENARSAGAS NATURAL
FENOSA18-22102013 12032014 $1500-1550 SCF Polar Point Fortin Escobar 10032014
PETROBRAS BG GROUP TBC 11032014 TBCMethane
Patricia CamilaPunta Europa
Guanabara Bay
10032014
GLENCORE KOGAS TBC 04032014 TBC WilEnergy Sagunto Pyeongtaek 10032014
PETROBRAS NLNG TBC 02032014 TBC LNG Ondo BonnyGuanabara
Bay24022014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
9GLM 1016 | 17 April 2014 | wwwiciscomenergy
Canadian Triton LNG receives regulatory export licence Calgary-based AltaGas and its Japanese refining partner Idemitsu have received a 25-year export licence from Canadian energy regulators for their joint small-scale LNG ex-port project
The proposed venture which would either be located near Kitimat or Prince Rupert in British Columbia envisages a floating lique-faction storage and offloading (FLSO) vessel which would include two liquefaction trains
Known as Triton LNG the project received approval to export 23mtpa on 16 April from Canadarsquos National Energy Board (NEB) as well as an additional 15 annual tolerance as per Canadian export standards
ldquoWe have determined that the quantity of gas proposed to be exported by Triton LNG is surplus to Canadian needs The board is satis-fied that the gas resource base in Canada as well as North America is large and can ac-commodate reasonably foreseeable Canadian demand the proposed LNG exports and a plausible potential increase in demandrdquo the NEB order stated
Given the abundance of shale gas in North America the US is no longer importing Cana-dian gas which has stranded the countryrsquos gas reserves and spurred LNG export projects to be developed along the west coast of British Columbia
The Western Canadian export projects are targeting premium northeast Asian markets and Asian companies such as Idemitsu have partnered directly with project proponents through equity and offtake agreements in order to help commercialise the gas
However the Canadian liquefaction ventures and associated pipelines which are developed at a greenfield cost have stalled in reaching final investment because of the cost uncertainties associated with developing in such a rugged and remote environment
Canadarsquos provincial government officials and regulatory authorities have viewed themselves as backers of the LNG industry promoting the country as a desirable location to develop large energy infrastructure projects such as LNG exports
The next project awaiting its export licence is Goldboro LNG a scheme developed by Pieri-dae Energy in Guysborough Nova Scotia on the east coast of Canada The 10mpta project has a 5mpta agreement in place with German utility EON on a European hub-indexation The project seeks to supply the LNG by requesting a flow reversal on the Maritimes and Northeast Pipeline that runs from Canada to the US
The gap between the NEBrsquos last approval ndash on 16 December 2013 ndash and the Triton LNG approval on 16 April perhaps signals a more cautious approach by the government
While not as lengthy as the time that it took for the US Freeport LNG project to receive its long-awaited non-free trade agreement (non-FTA) export licence from the US Depart-ment of Energy (DOE) the four-month pause between the Canadian projects has been the longest time period yet between approvals
In the interim the NEB also approved a 25-year application in February for a US pro-ject proposed on the west coast the planned 6mpta Jordan Cove venture developed by Cal-gary-based infrastructure company Veresen The Jordan Cove scheme proposes importing Canadian pipeline gas into the US and then bringing the volumes to the greenfield site in southwest Oregon to export as LNG
Triton LNG is the ninth project with a Cana-dian export licence
The NEB approved a batch of four projects in December 2013 These included BG Grouprsquos Prince Rupert facility Malaysiarsquos PETRONAS 12mtpa Pacific NorthWest the ExxonMobil-Imperial Oil venture WCC and the Woodfibre LNG export project developed by the Singa-pore energy company Pacific Oil amp Gas
Royal Dutch Shell is leading a consortium with Chinarsquos PetroChina Japanese trading company Mitsubishi and Korearsquos KOGAS for a planned 12mtpa facility in Kitimat
The first Canadian project to receive its ex-port licence was in October 2011 the planned 10mtpa Kitimat LNG project which is now being jointly marketed by US-based producer Chevron and exploration and production com-pany Apache Corporation Ruth Liao
GIIGNL corrects annual reportA mid-term agreement between the An-gola LNG consortium and Brazilrsquos state-run Petrobras in the International Group of LNG Importers (GIIGNL) report published on 8 April was incorrect according to the organi-sation The initial report stated that the two companies reached an agreement in 2013 for
400000 tonnes per annum on a four-year basis on delivered ex-ship (DES) terms
The information was considered incor-rectly documented as a wrong assumption and GIIGNL has since reissued a final report on its website removing the contract infor-mation Ruth Liao
Russia aims to finalise gas talks with China by MayRussiarsquos incumbent producer Gazprom hopes to finalise a 30-year gas agreement to supply China prior to President Vladimir Pu-tinrsquos approaching visit Arkady Dvorkovich Russiarsquos deputy prime minister said on 14 April as quoted by the Russian media
ldquoOn gas the talks are nearing a close and there is a mutual intention to finish this work before the Russian presidentrsquos visit in Mayrdquo Dvorkovich said during a televised government meeting
ldquoConsultations are ongoing and Gazpromrsquos management are holding talks with Chinese partners on the contract terms We hope to conclude the contract in May and believe it should come into effect by the year endrdquo Dvorkovich said
The agreement would involve the export of 38 billion cubic metres (bcm)year of pipe-line gas starting in 2018
Volumes could be ramped up to 70bcmyear over the course of 30 years The framework agreement between Gazprom and government-controlled China National Petroleum Corporation was signed back in 2009
Negotiations have taken place over the course of the last 10 years with pricing seen as the main roadblock to reaching the agree-ment
However with growing political tensions over Russiarsquos involvement in Ukrainersquos crisis and the subsequent annexation of Crimea China could have gained a bargaining ad-vantage with the potential increasing isola-tion of Russia from western gas markets
Russia has been actively seeking alterna-tive markets in Asia to export gas either through pipeline from fields mainly in Si-beria and the Russian Far East or as LNG to decrease dependence on European imports Russia has few exports markets for gas out-side Europe
lsquoEconomic sanctions from the EU cou-pled with potential competition of shale gas exports from the US ndash as LNG or shale gas develops in Europe ndash could mean a diminish-ing market for Russian gas
As a result Russian export strategy has become mainly Asia-oriented with the po-tential development of several LNG projects including Vladivostok and the expansion of the Sakhalin-2 LNG project with another train
China needs gas to satisfy its growing energy needs as well as to replace coal-fired power generation in densely populated parts of the country Roman Kazmin
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
10GLM 1016 | 17 April 2014 | wwwiciscomenergy
Japanrsquos energy plan warns about LNG dependenceJapanrsquos cabinet has approved a new basic energy plan which defines coal and nuclear power as the key baseload sources of power generation and relegates LNG to an inter-mediate load source status according to the plan released by the Japanese Ministry of Economy Trade and Industry (METI) on 11 April The energy plan which lays out the countryrsquos energy policies for the next 20 years warned about the need to avoid exces-sive reliance on high-priced LNG imports as a substitution for nuclear power generation but did not include any numerical targets for the countryrsquos long-term energy mix
ldquoJapan should avoid excessive depen-dence on LNG as a source of power genera-tion and promote cost reductions by diversify-ing its supply sourcesrdquo the plan said
The plan suggests a number of actions that can be taken at the corporate and in-stitutional levels to reduce the cost of LNG imports such as diversifying contract price indexations eliminating destination restric-tions increasing investment in upstream developments and supporting joint procure-ment agreements to increase buyersrsquo bar-gaining power
ldquoIt is necessary to continue to support strategic efforts towards joint procurementrdquo the plan said
The plan anticipates that US shale gas exports will have a positive impact on the Japanese and global markets from 2017 as these contracts will be linked to the US Henry Hub gas benchmark and will not include a destination restriction clause which means offtakers will be able to trade volumes inter-nationally
ldquoUS LNG will contribute not only to the improvement of the global trading environ-ment but also to the creation of an LNG futures marketrdquo the plan said
Fourth planJapanrsquos energy plan which was drafted in December 2013 but only released by METI for cabinet approval on 18 March is the countryrsquos fourth basic energy plan and the first one formulated since the 2011 earthquake and the nuclear shutdowns that followed Since then Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90
The plan highlights the key role that coal and nuclear power sources are expected to play in the countryrsquos energy mix (For more on this see the Focus on Japan)
The plan re-evaluated the key role that nuclear power is to play in the countryrsquos en-ergy mix and states that Japan will proceed to
restart those nuclear reactors that have suc-cessfully passed the safety assessments by the Nuclear Regulation Authority (NRA) and have received approval by the local governments
This reverses the previous Democratic Party of Japan governmentrsquos decision to phase out nuclear power generation by 2040 in the wake of the 2011 Fukushima disaster
Nuclear energy remains an efficient abundant and stable source of power sup-ply which can be domestically produced at relatively low operating costs and greenhouse gas emissions the plan said The priority lies in ensuring the safety of the nuclear power plants it added
Power market liberalisation by 2020The plan highlighted the importance of reforms aimed at liberalising the downstream power markets The full liberalisation of the downstream power generation and retail markets are being advanced through three stages with completion of stage three expected in 2020 the plan said
ldquoBy promoting legal neutrality in the power transmission and distribution sector we will tackle limitations in the conventional power system and increase investment in the power distribution networkrdquo the plan said Abache Abreu
Thailandrsquos PTT in talks for up to 1mtpa of long-term supply from BP
Thailandrsquos state-owned buyer PTT is in discussions with UK-headquartered oil and gas major BP for the long-term supply of up to 1mtpa of LNG on a delivered ex ship (DES) basis starting from 2015 a PTT company offi-cial said in a telephone interview on 11 April
ldquoWe are in discussions with many suppli-ers to make sure we have the best deal for the best interest of the countryrdquo said Nutta-chat Charuchinda chief operations officer of PTTrsquos downstream petroleum business group
ldquoWe would like to see the best options that are available to us [hellip] a basket of supply to make sure that we have security of supply at the best pricerdquo he said
PTT is open to different sources of supply and price indexationsldquo whether it is linked to crude oil JCC [Japanese Crude Cocktail] or Henry Hubrdquo Charuchinda said
Additional contractual agreements are sought in response to PTTrsquos own energy forecasts which foresee a rise in Thailandrsquos domestic energy consumption and an in-crease in the share natural gas holds in the countryrsquos energy mix in relation to coal and nuclear power generation On the other hand the countryrsquos energy reserves are fast dwindling according to PTT while pipeline gas imports from neighbouring countries are increasingly limited
PTT has so far signed two long-term agreements for a total supply of 46mtpa by 2020 In December 2012 PTT signed its first long-term LNG contract with Qatargas for the supply of 2mpta of LNG for 20 years start-ing in 2015 In December 2013 PTT signed a preliminary deal with US-based Anadarko Petroleum for the procurement of 26mpta from Mozambique starting from 2018-2019
Additional 1mtpa might be enoughIn the long term PTT might be interested in securing additional supply from North America or east Africa but having secured 46mtpa under long-term contracts an additional 1mtpa supply might be sufficient to meet the Thai buyerrsquos mid-term demand requirements a Singapore-based analyst said
ldquoPTT has realised they need more LNG but with almost 5mtpa in contracts and an additional 1mtpa under discussion they might wait and see before they start buying againrdquo said Tony Regan an analyst at Singa-pore-based consultancy Tri-Zen International
ldquoPTT could be cautious and assume they might not be able to get more gas from Myanmar domestic reserves are declining and there is little potential for that to recoverrdquo he said ldquoBut I think they will wait Otherwise they are going to see prices firming because
of all this buying activity Also they have been relatively slow to develop their domestic market for regasified LNG There is a huge industry nearby but it is taking them time to secure contracts with offtakers and arrange truck lifting from the terminalrdquo
Spot procurement set to continueWhile PTT aims to meet most of its demand requirements through long-term contracts the Thai buyer will continue to supplement any shortages through spot LNG purchases
ldquoWe cannot commit [wholly] to term supply Some spot supply [will continue]rdquo Charuchinda said The company recently awarded a single-cargo buy tender for deliv-ery between 5-20 May and is in the market for additional June-delivery volumes
ldquo[PTT] has finished procurement for May [and] will now start looking for June [deliver-ies]rdquo a source close to the tender process said
PTT typically limits participation in its ten-ders to parties with which it has previously concluded master sales agreements Winners of 2013 PTT tenders include Qatari supplier Qatargas Francersquos GDF SUEZ UK-based BG Group and Anglo-Dutch major Shell Nor-wayrsquos Statoil Francersquos Total and Russiarsquos Gazprom have also participated in the 2013 tenders Abache Abreu
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
ICIS Customer Support+65 6588 3955 (Asia amp Middle East) +44 20 8652 3335 (Europe amp Africa) +1 888 525 3255 (toll free US amp Canada) or +1 713 525 2613 (Americas) csciciscom
ICIS Compliance and Methodologywwwiciscomcompliance
Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
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energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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Head of Design and ProductionAlexis Rendell
Global Production Editor Louise Murrell +44 20 8652 8139 louisemurrelliciscom
Global Chief Copy EditorLewis Harper +44 20 8652 4958 lewisharpericiscom
The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
6GLM 1016 | 17 April 2014 | wwwiciscomenergy
Tenders
Additional fields and history are available via the ICIS FTP service These include additional deliverylifting details and tender participants
LATEST GLOBAL LNG TENDERS 17 APRIL 2014
Buysell Tenderer
Shipping basis Location
No of cargoes
DeliveryLifting start
DeliveryLifting end
Tender open
Tender close Status
Information updated
Sell Angola LNG DES Soyo 1 01042014 3004201420032014-31032014
01042014 TBC 24032014
Sell Angola LNG DES Soyo 1 24032014 2503201410032014-24032014
25032014 Awarded 11042014
Buy PTT DES Map Ta Phut 1 05052014 2005201424032014-02042014
03042014 Awarded 09042014
Buy PTT DES Map Ta Phut 1 01042014 1504201401022014-28022014
01022014-28022014
Awarded 02042014
Sell Galp Energia FOB Bonny 6 01102015 01102020 14032014 19032014 Awarded 18032014
Buy ENARSAYPF DES Escobar 1 26052014 30052014 12032014 25032014 Closed 26032014
Buy ENARSAYPF DES Bahia Blanca 1 01052014 07052014 12032014 25032014 Awarded 28032014
Sell NWS LNG DES or FOB Dampier 5 15042014 11052014 06032014 11032014 Awarded 31032014
Sell Angola LNG DES Soyo 1 11032014 12032014 06032014 TBC Awarded 17032014
Buy PTT DES Map Ta Phut 1 16042014 30042014 04032014 11032014 Awarded 02042014
Sell Angola LNG DES Soyo 1 25022014 26022014 20022014 03032014 Closed 04032014
Sell Galp Energia DES or FOB Bonny 30 01102015 01102020 18022014 05032014 Awarded 19032014
Buy ENARSAYPF DESBahia Blanca
Escobar1 21042014 30042014 14022014 19022014 Cancelled 21022014
Buy ENARSAYPF DESBahia Blanca
Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014
Sell Angola LNG DES Soyo 1 15022014 16022014 11022014 17022014 Awarded 20022014
Sell Angola LNG DES Soyo 1 04022014 04022014 10022014 Awarded 10022014
Buy ENARSAYPF DES Bahia Blanca 3 01022014 10012014 15012014 Partial Award 17012014
Buy ENARSAYPF DES Escobar 2 01022014 10012014 15012014 Cancelled 17012014
Sell Enel FOB Bonny 6 01102014 30092015 09012014 27012014 Awarded 12022014
Trades
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
7GLM 1016 | 17 April 2014 | wwwiciscomenergy
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
PETROBRAS KOCH 1-30032014 1-30062014 TBC TBC Bonny Brazil 11042014
GNL Chile SHELL 17-21032014 1-15062014 $1600-1620 TBC Point Fortin Quintero 11042014
GNL Chile BG GROUP 17-21032014 1-30052014 $1600-1620 TBC Point Fortin Quintero 11042014
TBC TRAFIGURA TBC 30042014 TBC Golar Seal Reganosa Taiwan 11042014
PETROBRAS PETRONAS TBC 30042014 TBC Seri Begawan Zeebrugge Brazil 14042014
ASIAN BUYER TBC TBC 07-31042014 TBCCastillo
SantistebanBonny Asia 01012014
ENARSA BP 18-22102013 27042014 $1500-1550 Celestine River Cartagena Bahia Blanca 01042014
ENARSAGAS NATURAL
FENOSA18-22102013 25042014 $1500-1550 Polar Spirit Point Fortin Escobar 01042014
KOGAS TBC TBC 23042014 TBC Wilforce Bonny Tongyeong 07042014
ENARSA STATOIL TBC 22042014 $1500-1550 Arctic Voyager Snohvit Bahia Blanca 10042014
KYUSHU ELECTRIC
TBC TBC 19042014 TBC Seri Angkasa Bonny Oita 01012014
CNOOC ANGOLA LNG TBC 17042014 $1450-1490Sonangol
EtoshaSoyo
Zhejiang Ningbo
11042014
ENARSA BP 18-22102013 17042014 $1500-1550 British Diamond Huelva Bahia Blanca 10042014
CFEPEMEX TRAFIGURA 10052013 17042014 $18-1900 Gallina Point Fortin Manzanillo 21022014
ASIAN BUYER TBC 06032014 1-15042014 TBCSonangol
SambizangaSoyo Senboku 01012014
PETROBRAS GDF SUEZ TBC 14042014 TBCGDF SUEZ Neptune
Point FortinGuanabara
Bay11042014
CPC GDF SUEZ TBC 14042014 TBCBW GDF Suez
BrusselsBalhaf Yung An 10032014
CNOOC YEMEN LNG TBC 14042014 TBC Seri Balqis Balhaf Fujian 05042014
GSPC RASGAS 1-15032014 11042014 $1637 Fuwairit Ras Laffan Dahej 17042014
ENARSAGAS NATURAL
FENOSA18-22102013 12042014 $1500-1550 SCF Arctic Point Fortin Escobar 10032014
PETROBRAS TBC TBC 12042014 TBC WilEnergy Sagunto Salvador 01042014
CHUBU ELECTRIC
NLNG TBC 10042014 TBC LNG Imo Bonny Kawagoe 10032014
ENARSA BP 18-22102013 09042014 $1500-1550British
MerchantPoint Fortin Bahia Blanca 10042014
TBC PERTAMINA TBC 09042014 TBC LNG Aries Bontang TBC 01042014
OSAKA GAS ANGOLA LNG TBC 04042014 TBCSonangol
SambizangaSoyo Senboku 08042014
ENARSA GAZPROM 21022014 1-7042014 $1950-2000 TBC TBCEscobar
Bahia Blanca21022014
TOKYO GAS BG TBC 07042014 TBC Gaslog Skagen Point Fortin Ohgishima 10032014
PETROBRAS BG TBC 07042014 TBCMethane
Mickie HarperPunta Europa
Guanabara Bay
01042014
PETROBRAS BP TBC 05042014 TBC British Emerald SaguntoGuanabara
Bay01042014
CHENIERE BG TBC 04042014 TBC Clean Energy Point Fortin Sabine Pass 07042014
ENARSAGAS NATURAL
FENOSA18-22102013 02042014 $1500-1550 LNG Libra Point Fortin Escobar 10032014
TEPCO BP16012014 - 15022014
01042014$1900sMMBtu
British Sapphire Sagunto Negishi 05032014
GAILEXCELERATE
ENERGY03012014 01042014 $1550-1600 Explorer Reganosa Dahej 10032014
ENARSA SHELL 17012014 1-3132014 $1800s TBC TBC Bahia Blanca 17012014
TEPCO RWE TBC 29032014 TBC Gaslog Chelsea Snohvit Kisarazu 01032014
PETROBRAS STATOIL TBC 29032014 TBC LNG Jupiter SnohvitGuanabara
Bay13032014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
Trades
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
8GLM 1016 | 17 April 2014 | wwwiciscomenergy
FREE ON BOARD TRANSACTIONS
Buyer SellerTransaction
dateLifting period
Price $MMBtu
Vessel Load PortInformation
updated
EXCELERATE ENERGY
GAS NATURAL FENOSA
10042014 Wilpride Spain 03032014
GLENCORE TBC 1-30042014 $1300s TBC Spain 26032014
PETROBRAS TBC 23042014 Excelsior Bonny Island 26032014
PETROBRAS DONG 06042014 Excalibur Rotterdam 26032014
TBC BG 4-5042014Methane Heather
SallyDampier 07042014
EXCELERATE ENERGY
IBERDROLA 01122013 13032014 Explorer Ferrol 26032014
PETROBRAS TBC TBC 10032014 Expedient Point Fortin 03032014
RWE GDF SUEZ 1-31012014 15-28022014 $1600-$1620 TBC Snohvit 05022014
PETROBRAS TBC 1-31012014 08022014 Wilgas Sagunto 31012014
GAZPROM TBC TBC 04022014 LNG Pioneer Ras Laffan 12022014
PETROBRAS CONOCOPHILLIPS TBC 01022014 $1467 Excelsior Freeport 12022014
GAZPROM NLNG TBC 20012014 Lena River Bonny Island 12022014
BP ITOCHU TBC 20012014 British Sapphire Gwangyang 05022014
GLENCORE RWE 20112013 28122013 Lobito Snohvit 21112013
VITOL ECONGAS 2511-6122013 14122013 Ben Badis Rotterdam 12122013
BP EDP 1-7112013 14122013 $1450 Celestine River HuelvaFos 26112013
PETROBRAS TBC 09122013 LNG Capricorn Sagunto 02122013
BP CONOCOPHILLIPS 11102013 25112013 $1345 British Merchant Freeport 22112013
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
KOGAS TOTAL TBC 28032014 TBC Meridian Spirit Bonny Tongyeong 10032014
ENARSA BP 18-22102013 28032014 $1500-1550 British Ruby Point Fortin Bahia Blanca 10032014
ASIAN BUYER GAZPROM TBC 28-31032014 TBC Lena River Reganosa TBC 01012014
CPC BG GROUP 16-31012014 26032014 $1900sMethane Becki
Anne Punta Europa Yung An 27032014
CNOOC ANGOLA LNG 03032014 26032014 $1700s Malanje Soyo Guangdong 10032014
TOKYO GAS SHELL TBC 26032014 TBCLNG River
Orashi Bonny Kawasaki 10032014
PETROBRAS REPSOL TBC 25032014 TBCValencia Knutsen
ZeebruggeGuanabara
Bay10032014
TEPCO GDF SUEZ 16-31012014 24032014 1900sLalla Fatma NrsquoSoumer
Arzew Futtsu 18032014
GAILGAS NATURAL
FENOSATBC 23032014 TBC Iberica Knutsen Bonny Dabhol 20032014
PETROBRAS GDF SUEZ TBC 22032014 TBCGDF SUEZ
BostonPoint Fortin
Guanabara Bay
20032014
ENARSAGAS NATURAL
FENOSA18-22102013 20032014 $1500-1550 Polar Spirit Point Fortin Escobar 10032014
ENARSAGAS NATURAL
FENOSA18-22102013 12032014 $1500-1550 SCF Polar Point Fortin Escobar 10032014
PETROBRAS BG GROUP TBC 11032014 TBCMethane
Patricia CamilaPunta Europa
Guanabara Bay
10032014
GLENCORE KOGAS TBC 04032014 TBC WilEnergy Sagunto Pyeongtaek 10032014
PETROBRAS NLNG TBC 02032014 TBC LNG Ondo BonnyGuanabara
Bay24022014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
9GLM 1016 | 17 April 2014 | wwwiciscomenergy
Canadian Triton LNG receives regulatory export licence Calgary-based AltaGas and its Japanese refining partner Idemitsu have received a 25-year export licence from Canadian energy regulators for their joint small-scale LNG ex-port project
The proposed venture which would either be located near Kitimat or Prince Rupert in British Columbia envisages a floating lique-faction storage and offloading (FLSO) vessel which would include two liquefaction trains
Known as Triton LNG the project received approval to export 23mtpa on 16 April from Canadarsquos National Energy Board (NEB) as well as an additional 15 annual tolerance as per Canadian export standards
ldquoWe have determined that the quantity of gas proposed to be exported by Triton LNG is surplus to Canadian needs The board is satis-fied that the gas resource base in Canada as well as North America is large and can ac-commodate reasonably foreseeable Canadian demand the proposed LNG exports and a plausible potential increase in demandrdquo the NEB order stated
Given the abundance of shale gas in North America the US is no longer importing Cana-dian gas which has stranded the countryrsquos gas reserves and spurred LNG export projects to be developed along the west coast of British Columbia
The Western Canadian export projects are targeting premium northeast Asian markets and Asian companies such as Idemitsu have partnered directly with project proponents through equity and offtake agreements in order to help commercialise the gas
However the Canadian liquefaction ventures and associated pipelines which are developed at a greenfield cost have stalled in reaching final investment because of the cost uncertainties associated with developing in such a rugged and remote environment
Canadarsquos provincial government officials and regulatory authorities have viewed themselves as backers of the LNG industry promoting the country as a desirable location to develop large energy infrastructure projects such as LNG exports
The next project awaiting its export licence is Goldboro LNG a scheme developed by Pieri-dae Energy in Guysborough Nova Scotia on the east coast of Canada The 10mpta project has a 5mpta agreement in place with German utility EON on a European hub-indexation The project seeks to supply the LNG by requesting a flow reversal on the Maritimes and Northeast Pipeline that runs from Canada to the US
The gap between the NEBrsquos last approval ndash on 16 December 2013 ndash and the Triton LNG approval on 16 April perhaps signals a more cautious approach by the government
While not as lengthy as the time that it took for the US Freeport LNG project to receive its long-awaited non-free trade agreement (non-FTA) export licence from the US Depart-ment of Energy (DOE) the four-month pause between the Canadian projects has been the longest time period yet between approvals
In the interim the NEB also approved a 25-year application in February for a US pro-ject proposed on the west coast the planned 6mpta Jordan Cove venture developed by Cal-gary-based infrastructure company Veresen The Jordan Cove scheme proposes importing Canadian pipeline gas into the US and then bringing the volumes to the greenfield site in southwest Oregon to export as LNG
Triton LNG is the ninth project with a Cana-dian export licence
The NEB approved a batch of four projects in December 2013 These included BG Grouprsquos Prince Rupert facility Malaysiarsquos PETRONAS 12mtpa Pacific NorthWest the ExxonMobil-Imperial Oil venture WCC and the Woodfibre LNG export project developed by the Singa-pore energy company Pacific Oil amp Gas
Royal Dutch Shell is leading a consortium with Chinarsquos PetroChina Japanese trading company Mitsubishi and Korearsquos KOGAS for a planned 12mtpa facility in Kitimat
The first Canadian project to receive its ex-port licence was in October 2011 the planned 10mtpa Kitimat LNG project which is now being jointly marketed by US-based producer Chevron and exploration and production com-pany Apache Corporation Ruth Liao
GIIGNL corrects annual reportA mid-term agreement between the An-gola LNG consortium and Brazilrsquos state-run Petrobras in the International Group of LNG Importers (GIIGNL) report published on 8 April was incorrect according to the organi-sation The initial report stated that the two companies reached an agreement in 2013 for
400000 tonnes per annum on a four-year basis on delivered ex-ship (DES) terms
The information was considered incor-rectly documented as a wrong assumption and GIIGNL has since reissued a final report on its website removing the contract infor-mation Ruth Liao
Russia aims to finalise gas talks with China by MayRussiarsquos incumbent producer Gazprom hopes to finalise a 30-year gas agreement to supply China prior to President Vladimir Pu-tinrsquos approaching visit Arkady Dvorkovich Russiarsquos deputy prime minister said on 14 April as quoted by the Russian media
ldquoOn gas the talks are nearing a close and there is a mutual intention to finish this work before the Russian presidentrsquos visit in Mayrdquo Dvorkovich said during a televised government meeting
ldquoConsultations are ongoing and Gazpromrsquos management are holding talks with Chinese partners on the contract terms We hope to conclude the contract in May and believe it should come into effect by the year endrdquo Dvorkovich said
The agreement would involve the export of 38 billion cubic metres (bcm)year of pipe-line gas starting in 2018
Volumes could be ramped up to 70bcmyear over the course of 30 years The framework agreement between Gazprom and government-controlled China National Petroleum Corporation was signed back in 2009
Negotiations have taken place over the course of the last 10 years with pricing seen as the main roadblock to reaching the agree-ment
However with growing political tensions over Russiarsquos involvement in Ukrainersquos crisis and the subsequent annexation of Crimea China could have gained a bargaining ad-vantage with the potential increasing isola-tion of Russia from western gas markets
Russia has been actively seeking alterna-tive markets in Asia to export gas either through pipeline from fields mainly in Si-beria and the Russian Far East or as LNG to decrease dependence on European imports Russia has few exports markets for gas out-side Europe
lsquoEconomic sanctions from the EU cou-pled with potential competition of shale gas exports from the US ndash as LNG or shale gas develops in Europe ndash could mean a diminish-ing market for Russian gas
As a result Russian export strategy has become mainly Asia-oriented with the po-tential development of several LNG projects including Vladivostok and the expansion of the Sakhalin-2 LNG project with another train
China needs gas to satisfy its growing energy needs as well as to replace coal-fired power generation in densely populated parts of the country Roman Kazmin
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
10GLM 1016 | 17 April 2014 | wwwiciscomenergy
Japanrsquos energy plan warns about LNG dependenceJapanrsquos cabinet has approved a new basic energy plan which defines coal and nuclear power as the key baseload sources of power generation and relegates LNG to an inter-mediate load source status according to the plan released by the Japanese Ministry of Economy Trade and Industry (METI) on 11 April The energy plan which lays out the countryrsquos energy policies for the next 20 years warned about the need to avoid exces-sive reliance on high-priced LNG imports as a substitution for nuclear power generation but did not include any numerical targets for the countryrsquos long-term energy mix
ldquoJapan should avoid excessive depen-dence on LNG as a source of power genera-tion and promote cost reductions by diversify-ing its supply sourcesrdquo the plan said
The plan suggests a number of actions that can be taken at the corporate and in-stitutional levels to reduce the cost of LNG imports such as diversifying contract price indexations eliminating destination restric-tions increasing investment in upstream developments and supporting joint procure-ment agreements to increase buyersrsquo bar-gaining power
ldquoIt is necessary to continue to support strategic efforts towards joint procurementrdquo the plan said
The plan anticipates that US shale gas exports will have a positive impact on the Japanese and global markets from 2017 as these contracts will be linked to the US Henry Hub gas benchmark and will not include a destination restriction clause which means offtakers will be able to trade volumes inter-nationally
ldquoUS LNG will contribute not only to the improvement of the global trading environ-ment but also to the creation of an LNG futures marketrdquo the plan said
Fourth planJapanrsquos energy plan which was drafted in December 2013 but only released by METI for cabinet approval on 18 March is the countryrsquos fourth basic energy plan and the first one formulated since the 2011 earthquake and the nuclear shutdowns that followed Since then Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90
The plan highlights the key role that coal and nuclear power sources are expected to play in the countryrsquos energy mix (For more on this see the Focus on Japan)
The plan re-evaluated the key role that nuclear power is to play in the countryrsquos en-ergy mix and states that Japan will proceed to
restart those nuclear reactors that have suc-cessfully passed the safety assessments by the Nuclear Regulation Authority (NRA) and have received approval by the local governments
This reverses the previous Democratic Party of Japan governmentrsquos decision to phase out nuclear power generation by 2040 in the wake of the 2011 Fukushima disaster
Nuclear energy remains an efficient abundant and stable source of power sup-ply which can be domestically produced at relatively low operating costs and greenhouse gas emissions the plan said The priority lies in ensuring the safety of the nuclear power plants it added
Power market liberalisation by 2020The plan highlighted the importance of reforms aimed at liberalising the downstream power markets The full liberalisation of the downstream power generation and retail markets are being advanced through three stages with completion of stage three expected in 2020 the plan said
ldquoBy promoting legal neutrality in the power transmission and distribution sector we will tackle limitations in the conventional power system and increase investment in the power distribution networkrdquo the plan said Abache Abreu
Thailandrsquos PTT in talks for up to 1mtpa of long-term supply from BP
Thailandrsquos state-owned buyer PTT is in discussions with UK-headquartered oil and gas major BP for the long-term supply of up to 1mtpa of LNG on a delivered ex ship (DES) basis starting from 2015 a PTT company offi-cial said in a telephone interview on 11 April
ldquoWe are in discussions with many suppli-ers to make sure we have the best deal for the best interest of the countryrdquo said Nutta-chat Charuchinda chief operations officer of PTTrsquos downstream petroleum business group
ldquoWe would like to see the best options that are available to us [hellip] a basket of supply to make sure that we have security of supply at the best pricerdquo he said
PTT is open to different sources of supply and price indexationsldquo whether it is linked to crude oil JCC [Japanese Crude Cocktail] or Henry Hubrdquo Charuchinda said
Additional contractual agreements are sought in response to PTTrsquos own energy forecasts which foresee a rise in Thailandrsquos domestic energy consumption and an in-crease in the share natural gas holds in the countryrsquos energy mix in relation to coal and nuclear power generation On the other hand the countryrsquos energy reserves are fast dwindling according to PTT while pipeline gas imports from neighbouring countries are increasingly limited
PTT has so far signed two long-term agreements for a total supply of 46mtpa by 2020 In December 2012 PTT signed its first long-term LNG contract with Qatargas for the supply of 2mpta of LNG for 20 years start-ing in 2015 In December 2013 PTT signed a preliminary deal with US-based Anadarko Petroleum for the procurement of 26mpta from Mozambique starting from 2018-2019
Additional 1mtpa might be enoughIn the long term PTT might be interested in securing additional supply from North America or east Africa but having secured 46mtpa under long-term contracts an additional 1mtpa supply might be sufficient to meet the Thai buyerrsquos mid-term demand requirements a Singapore-based analyst said
ldquoPTT has realised they need more LNG but with almost 5mtpa in contracts and an additional 1mtpa under discussion they might wait and see before they start buying againrdquo said Tony Regan an analyst at Singa-pore-based consultancy Tri-Zen International
ldquoPTT could be cautious and assume they might not be able to get more gas from Myanmar domestic reserves are declining and there is little potential for that to recoverrdquo he said ldquoBut I think they will wait Otherwise they are going to see prices firming because
of all this buying activity Also they have been relatively slow to develop their domestic market for regasified LNG There is a huge industry nearby but it is taking them time to secure contracts with offtakers and arrange truck lifting from the terminalrdquo
Spot procurement set to continueWhile PTT aims to meet most of its demand requirements through long-term contracts the Thai buyer will continue to supplement any shortages through spot LNG purchases
ldquoWe cannot commit [wholly] to term supply Some spot supply [will continue]rdquo Charuchinda said The company recently awarded a single-cargo buy tender for deliv-ery between 5-20 May and is in the market for additional June-delivery volumes
ldquo[PTT] has finished procurement for May [and] will now start looking for June [deliver-ies]rdquo a source close to the tender process said
PTT typically limits participation in its ten-ders to parties with which it has previously concluded master sales agreements Winners of 2013 PTT tenders include Qatari supplier Qatargas Francersquos GDF SUEZ UK-based BG Group and Anglo-Dutch major Shell Nor-wayrsquos Statoil Francersquos Total and Russiarsquos Gazprom have also participated in the 2013 tenders Abache Abreu
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
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19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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energysalesiciscom
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Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Trades
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
7GLM 1016 | 17 April 2014 | wwwiciscomenergy
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
PETROBRAS KOCH 1-30032014 1-30062014 TBC TBC Bonny Brazil 11042014
GNL Chile SHELL 17-21032014 1-15062014 $1600-1620 TBC Point Fortin Quintero 11042014
GNL Chile BG GROUP 17-21032014 1-30052014 $1600-1620 TBC Point Fortin Quintero 11042014
TBC TRAFIGURA TBC 30042014 TBC Golar Seal Reganosa Taiwan 11042014
PETROBRAS PETRONAS TBC 30042014 TBC Seri Begawan Zeebrugge Brazil 14042014
ASIAN BUYER TBC TBC 07-31042014 TBCCastillo
SantistebanBonny Asia 01012014
ENARSA BP 18-22102013 27042014 $1500-1550 Celestine River Cartagena Bahia Blanca 01042014
ENARSAGAS NATURAL
FENOSA18-22102013 25042014 $1500-1550 Polar Spirit Point Fortin Escobar 01042014
KOGAS TBC TBC 23042014 TBC Wilforce Bonny Tongyeong 07042014
ENARSA STATOIL TBC 22042014 $1500-1550 Arctic Voyager Snohvit Bahia Blanca 10042014
KYUSHU ELECTRIC
TBC TBC 19042014 TBC Seri Angkasa Bonny Oita 01012014
CNOOC ANGOLA LNG TBC 17042014 $1450-1490Sonangol
EtoshaSoyo
Zhejiang Ningbo
11042014
ENARSA BP 18-22102013 17042014 $1500-1550 British Diamond Huelva Bahia Blanca 10042014
CFEPEMEX TRAFIGURA 10052013 17042014 $18-1900 Gallina Point Fortin Manzanillo 21022014
ASIAN BUYER TBC 06032014 1-15042014 TBCSonangol
SambizangaSoyo Senboku 01012014
PETROBRAS GDF SUEZ TBC 14042014 TBCGDF SUEZ Neptune
Point FortinGuanabara
Bay11042014
CPC GDF SUEZ TBC 14042014 TBCBW GDF Suez
BrusselsBalhaf Yung An 10032014
CNOOC YEMEN LNG TBC 14042014 TBC Seri Balqis Balhaf Fujian 05042014
GSPC RASGAS 1-15032014 11042014 $1637 Fuwairit Ras Laffan Dahej 17042014
ENARSAGAS NATURAL
FENOSA18-22102013 12042014 $1500-1550 SCF Arctic Point Fortin Escobar 10032014
PETROBRAS TBC TBC 12042014 TBC WilEnergy Sagunto Salvador 01042014
CHUBU ELECTRIC
NLNG TBC 10042014 TBC LNG Imo Bonny Kawagoe 10032014
ENARSA BP 18-22102013 09042014 $1500-1550British
MerchantPoint Fortin Bahia Blanca 10042014
TBC PERTAMINA TBC 09042014 TBC LNG Aries Bontang TBC 01042014
OSAKA GAS ANGOLA LNG TBC 04042014 TBCSonangol
SambizangaSoyo Senboku 08042014
ENARSA GAZPROM 21022014 1-7042014 $1950-2000 TBC TBCEscobar
Bahia Blanca21022014
TOKYO GAS BG TBC 07042014 TBC Gaslog Skagen Point Fortin Ohgishima 10032014
PETROBRAS BG TBC 07042014 TBCMethane
Mickie HarperPunta Europa
Guanabara Bay
01042014
PETROBRAS BP TBC 05042014 TBC British Emerald SaguntoGuanabara
Bay01042014
CHENIERE BG TBC 04042014 TBC Clean Energy Point Fortin Sabine Pass 07042014
ENARSAGAS NATURAL
FENOSA18-22102013 02042014 $1500-1550 LNG Libra Point Fortin Escobar 10032014
TEPCO BP16012014 - 15022014
01042014$1900sMMBtu
British Sapphire Sagunto Negishi 05032014
GAILEXCELERATE
ENERGY03012014 01042014 $1550-1600 Explorer Reganosa Dahej 10032014
ENARSA SHELL 17012014 1-3132014 $1800s TBC TBC Bahia Blanca 17012014
TEPCO RWE TBC 29032014 TBC Gaslog Chelsea Snohvit Kisarazu 01032014
PETROBRAS STATOIL TBC 29032014 TBC LNG Jupiter SnohvitGuanabara
Bay13032014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
Trades
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
8GLM 1016 | 17 April 2014 | wwwiciscomenergy
FREE ON BOARD TRANSACTIONS
Buyer SellerTransaction
dateLifting period
Price $MMBtu
Vessel Load PortInformation
updated
EXCELERATE ENERGY
GAS NATURAL FENOSA
10042014 Wilpride Spain 03032014
GLENCORE TBC 1-30042014 $1300s TBC Spain 26032014
PETROBRAS TBC 23042014 Excelsior Bonny Island 26032014
PETROBRAS DONG 06042014 Excalibur Rotterdam 26032014
TBC BG 4-5042014Methane Heather
SallyDampier 07042014
EXCELERATE ENERGY
IBERDROLA 01122013 13032014 Explorer Ferrol 26032014
PETROBRAS TBC TBC 10032014 Expedient Point Fortin 03032014
RWE GDF SUEZ 1-31012014 15-28022014 $1600-$1620 TBC Snohvit 05022014
PETROBRAS TBC 1-31012014 08022014 Wilgas Sagunto 31012014
GAZPROM TBC TBC 04022014 LNG Pioneer Ras Laffan 12022014
PETROBRAS CONOCOPHILLIPS TBC 01022014 $1467 Excelsior Freeport 12022014
GAZPROM NLNG TBC 20012014 Lena River Bonny Island 12022014
BP ITOCHU TBC 20012014 British Sapphire Gwangyang 05022014
GLENCORE RWE 20112013 28122013 Lobito Snohvit 21112013
VITOL ECONGAS 2511-6122013 14122013 Ben Badis Rotterdam 12122013
BP EDP 1-7112013 14122013 $1450 Celestine River HuelvaFos 26112013
PETROBRAS TBC 09122013 LNG Capricorn Sagunto 02122013
BP CONOCOPHILLIPS 11102013 25112013 $1345 British Merchant Freeport 22112013
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
KOGAS TOTAL TBC 28032014 TBC Meridian Spirit Bonny Tongyeong 10032014
ENARSA BP 18-22102013 28032014 $1500-1550 British Ruby Point Fortin Bahia Blanca 10032014
ASIAN BUYER GAZPROM TBC 28-31032014 TBC Lena River Reganosa TBC 01012014
CPC BG GROUP 16-31012014 26032014 $1900sMethane Becki
Anne Punta Europa Yung An 27032014
CNOOC ANGOLA LNG 03032014 26032014 $1700s Malanje Soyo Guangdong 10032014
TOKYO GAS SHELL TBC 26032014 TBCLNG River
Orashi Bonny Kawasaki 10032014
PETROBRAS REPSOL TBC 25032014 TBCValencia Knutsen
ZeebruggeGuanabara
Bay10032014
TEPCO GDF SUEZ 16-31012014 24032014 1900sLalla Fatma NrsquoSoumer
Arzew Futtsu 18032014
GAILGAS NATURAL
FENOSATBC 23032014 TBC Iberica Knutsen Bonny Dabhol 20032014
PETROBRAS GDF SUEZ TBC 22032014 TBCGDF SUEZ
BostonPoint Fortin
Guanabara Bay
20032014
ENARSAGAS NATURAL
FENOSA18-22102013 20032014 $1500-1550 Polar Spirit Point Fortin Escobar 10032014
ENARSAGAS NATURAL
FENOSA18-22102013 12032014 $1500-1550 SCF Polar Point Fortin Escobar 10032014
PETROBRAS BG GROUP TBC 11032014 TBCMethane
Patricia CamilaPunta Europa
Guanabara Bay
10032014
GLENCORE KOGAS TBC 04032014 TBC WilEnergy Sagunto Pyeongtaek 10032014
PETROBRAS NLNG TBC 02032014 TBC LNG Ondo BonnyGuanabara
Bay24022014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
9GLM 1016 | 17 April 2014 | wwwiciscomenergy
Canadian Triton LNG receives regulatory export licence Calgary-based AltaGas and its Japanese refining partner Idemitsu have received a 25-year export licence from Canadian energy regulators for their joint small-scale LNG ex-port project
The proposed venture which would either be located near Kitimat or Prince Rupert in British Columbia envisages a floating lique-faction storage and offloading (FLSO) vessel which would include two liquefaction trains
Known as Triton LNG the project received approval to export 23mtpa on 16 April from Canadarsquos National Energy Board (NEB) as well as an additional 15 annual tolerance as per Canadian export standards
ldquoWe have determined that the quantity of gas proposed to be exported by Triton LNG is surplus to Canadian needs The board is satis-fied that the gas resource base in Canada as well as North America is large and can ac-commodate reasonably foreseeable Canadian demand the proposed LNG exports and a plausible potential increase in demandrdquo the NEB order stated
Given the abundance of shale gas in North America the US is no longer importing Cana-dian gas which has stranded the countryrsquos gas reserves and spurred LNG export projects to be developed along the west coast of British Columbia
The Western Canadian export projects are targeting premium northeast Asian markets and Asian companies such as Idemitsu have partnered directly with project proponents through equity and offtake agreements in order to help commercialise the gas
However the Canadian liquefaction ventures and associated pipelines which are developed at a greenfield cost have stalled in reaching final investment because of the cost uncertainties associated with developing in such a rugged and remote environment
Canadarsquos provincial government officials and regulatory authorities have viewed themselves as backers of the LNG industry promoting the country as a desirable location to develop large energy infrastructure projects such as LNG exports
The next project awaiting its export licence is Goldboro LNG a scheme developed by Pieri-dae Energy in Guysborough Nova Scotia on the east coast of Canada The 10mpta project has a 5mpta agreement in place with German utility EON on a European hub-indexation The project seeks to supply the LNG by requesting a flow reversal on the Maritimes and Northeast Pipeline that runs from Canada to the US
The gap between the NEBrsquos last approval ndash on 16 December 2013 ndash and the Triton LNG approval on 16 April perhaps signals a more cautious approach by the government
While not as lengthy as the time that it took for the US Freeport LNG project to receive its long-awaited non-free trade agreement (non-FTA) export licence from the US Depart-ment of Energy (DOE) the four-month pause between the Canadian projects has been the longest time period yet between approvals
In the interim the NEB also approved a 25-year application in February for a US pro-ject proposed on the west coast the planned 6mpta Jordan Cove venture developed by Cal-gary-based infrastructure company Veresen The Jordan Cove scheme proposes importing Canadian pipeline gas into the US and then bringing the volumes to the greenfield site in southwest Oregon to export as LNG
Triton LNG is the ninth project with a Cana-dian export licence
The NEB approved a batch of four projects in December 2013 These included BG Grouprsquos Prince Rupert facility Malaysiarsquos PETRONAS 12mtpa Pacific NorthWest the ExxonMobil-Imperial Oil venture WCC and the Woodfibre LNG export project developed by the Singa-pore energy company Pacific Oil amp Gas
Royal Dutch Shell is leading a consortium with Chinarsquos PetroChina Japanese trading company Mitsubishi and Korearsquos KOGAS for a planned 12mtpa facility in Kitimat
The first Canadian project to receive its ex-port licence was in October 2011 the planned 10mtpa Kitimat LNG project which is now being jointly marketed by US-based producer Chevron and exploration and production com-pany Apache Corporation Ruth Liao
GIIGNL corrects annual reportA mid-term agreement between the An-gola LNG consortium and Brazilrsquos state-run Petrobras in the International Group of LNG Importers (GIIGNL) report published on 8 April was incorrect according to the organi-sation The initial report stated that the two companies reached an agreement in 2013 for
400000 tonnes per annum on a four-year basis on delivered ex-ship (DES) terms
The information was considered incor-rectly documented as a wrong assumption and GIIGNL has since reissued a final report on its website removing the contract infor-mation Ruth Liao
Russia aims to finalise gas talks with China by MayRussiarsquos incumbent producer Gazprom hopes to finalise a 30-year gas agreement to supply China prior to President Vladimir Pu-tinrsquos approaching visit Arkady Dvorkovich Russiarsquos deputy prime minister said on 14 April as quoted by the Russian media
ldquoOn gas the talks are nearing a close and there is a mutual intention to finish this work before the Russian presidentrsquos visit in Mayrdquo Dvorkovich said during a televised government meeting
ldquoConsultations are ongoing and Gazpromrsquos management are holding talks with Chinese partners on the contract terms We hope to conclude the contract in May and believe it should come into effect by the year endrdquo Dvorkovich said
The agreement would involve the export of 38 billion cubic metres (bcm)year of pipe-line gas starting in 2018
Volumes could be ramped up to 70bcmyear over the course of 30 years The framework agreement between Gazprom and government-controlled China National Petroleum Corporation was signed back in 2009
Negotiations have taken place over the course of the last 10 years with pricing seen as the main roadblock to reaching the agree-ment
However with growing political tensions over Russiarsquos involvement in Ukrainersquos crisis and the subsequent annexation of Crimea China could have gained a bargaining ad-vantage with the potential increasing isola-tion of Russia from western gas markets
Russia has been actively seeking alterna-tive markets in Asia to export gas either through pipeline from fields mainly in Si-beria and the Russian Far East or as LNG to decrease dependence on European imports Russia has few exports markets for gas out-side Europe
lsquoEconomic sanctions from the EU cou-pled with potential competition of shale gas exports from the US ndash as LNG or shale gas develops in Europe ndash could mean a diminish-ing market for Russian gas
As a result Russian export strategy has become mainly Asia-oriented with the po-tential development of several LNG projects including Vladivostok and the expansion of the Sakhalin-2 LNG project with another train
China needs gas to satisfy its growing energy needs as well as to replace coal-fired power generation in densely populated parts of the country Roman Kazmin
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
10GLM 1016 | 17 April 2014 | wwwiciscomenergy
Japanrsquos energy plan warns about LNG dependenceJapanrsquos cabinet has approved a new basic energy plan which defines coal and nuclear power as the key baseload sources of power generation and relegates LNG to an inter-mediate load source status according to the plan released by the Japanese Ministry of Economy Trade and Industry (METI) on 11 April The energy plan which lays out the countryrsquos energy policies for the next 20 years warned about the need to avoid exces-sive reliance on high-priced LNG imports as a substitution for nuclear power generation but did not include any numerical targets for the countryrsquos long-term energy mix
ldquoJapan should avoid excessive depen-dence on LNG as a source of power genera-tion and promote cost reductions by diversify-ing its supply sourcesrdquo the plan said
The plan suggests a number of actions that can be taken at the corporate and in-stitutional levels to reduce the cost of LNG imports such as diversifying contract price indexations eliminating destination restric-tions increasing investment in upstream developments and supporting joint procure-ment agreements to increase buyersrsquo bar-gaining power
ldquoIt is necessary to continue to support strategic efforts towards joint procurementrdquo the plan said
The plan anticipates that US shale gas exports will have a positive impact on the Japanese and global markets from 2017 as these contracts will be linked to the US Henry Hub gas benchmark and will not include a destination restriction clause which means offtakers will be able to trade volumes inter-nationally
ldquoUS LNG will contribute not only to the improvement of the global trading environ-ment but also to the creation of an LNG futures marketrdquo the plan said
Fourth planJapanrsquos energy plan which was drafted in December 2013 but only released by METI for cabinet approval on 18 March is the countryrsquos fourth basic energy plan and the first one formulated since the 2011 earthquake and the nuclear shutdowns that followed Since then Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90
The plan highlights the key role that coal and nuclear power sources are expected to play in the countryrsquos energy mix (For more on this see the Focus on Japan)
The plan re-evaluated the key role that nuclear power is to play in the countryrsquos en-ergy mix and states that Japan will proceed to
restart those nuclear reactors that have suc-cessfully passed the safety assessments by the Nuclear Regulation Authority (NRA) and have received approval by the local governments
This reverses the previous Democratic Party of Japan governmentrsquos decision to phase out nuclear power generation by 2040 in the wake of the 2011 Fukushima disaster
Nuclear energy remains an efficient abundant and stable source of power sup-ply which can be domestically produced at relatively low operating costs and greenhouse gas emissions the plan said The priority lies in ensuring the safety of the nuclear power plants it added
Power market liberalisation by 2020The plan highlighted the importance of reforms aimed at liberalising the downstream power markets The full liberalisation of the downstream power generation and retail markets are being advanced through three stages with completion of stage three expected in 2020 the plan said
ldquoBy promoting legal neutrality in the power transmission and distribution sector we will tackle limitations in the conventional power system and increase investment in the power distribution networkrdquo the plan said Abache Abreu
Thailandrsquos PTT in talks for up to 1mtpa of long-term supply from BP
Thailandrsquos state-owned buyer PTT is in discussions with UK-headquartered oil and gas major BP for the long-term supply of up to 1mtpa of LNG on a delivered ex ship (DES) basis starting from 2015 a PTT company offi-cial said in a telephone interview on 11 April
ldquoWe are in discussions with many suppli-ers to make sure we have the best deal for the best interest of the countryrdquo said Nutta-chat Charuchinda chief operations officer of PTTrsquos downstream petroleum business group
ldquoWe would like to see the best options that are available to us [hellip] a basket of supply to make sure that we have security of supply at the best pricerdquo he said
PTT is open to different sources of supply and price indexationsldquo whether it is linked to crude oil JCC [Japanese Crude Cocktail] or Henry Hubrdquo Charuchinda said
Additional contractual agreements are sought in response to PTTrsquos own energy forecasts which foresee a rise in Thailandrsquos domestic energy consumption and an in-crease in the share natural gas holds in the countryrsquos energy mix in relation to coal and nuclear power generation On the other hand the countryrsquos energy reserves are fast dwindling according to PTT while pipeline gas imports from neighbouring countries are increasingly limited
PTT has so far signed two long-term agreements for a total supply of 46mtpa by 2020 In December 2012 PTT signed its first long-term LNG contract with Qatargas for the supply of 2mpta of LNG for 20 years start-ing in 2015 In December 2013 PTT signed a preliminary deal with US-based Anadarko Petroleum for the procurement of 26mpta from Mozambique starting from 2018-2019
Additional 1mtpa might be enoughIn the long term PTT might be interested in securing additional supply from North America or east Africa but having secured 46mtpa under long-term contracts an additional 1mtpa supply might be sufficient to meet the Thai buyerrsquos mid-term demand requirements a Singapore-based analyst said
ldquoPTT has realised they need more LNG but with almost 5mtpa in contracts and an additional 1mtpa under discussion they might wait and see before they start buying againrdquo said Tony Regan an analyst at Singa-pore-based consultancy Tri-Zen International
ldquoPTT could be cautious and assume they might not be able to get more gas from Myanmar domestic reserves are declining and there is little potential for that to recoverrdquo he said ldquoBut I think they will wait Otherwise they are going to see prices firming because
of all this buying activity Also they have been relatively slow to develop their domestic market for regasified LNG There is a huge industry nearby but it is taking them time to secure contracts with offtakers and arrange truck lifting from the terminalrdquo
Spot procurement set to continueWhile PTT aims to meet most of its demand requirements through long-term contracts the Thai buyer will continue to supplement any shortages through spot LNG purchases
ldquoWe cannot commit [wholly] to term supply Some spot supply [will continue]rdquo Charuchinda said The company recently awarded a single-cargo buy tender for deliv-ery between 5-20 May and is in the market for additional June-delivery volumes
ldquo[PTT] has finished procurement for May [and] will now start looking for June [deliver-ies]rdquo a source close to the tender process said
PTT typically limits participation in its ten-ders to parties with which it has previously concluded master sales agreements Winners of 2013 PTT tenders include Qatari supplier Qatargas Francersquos GDF SUEZ UK-based BG Group and Anglo-Dutch major Shell Nor-wayrsquos Statoil Francersquos Total and Russiarsquos Gazprom have also participated in the 2013 tenders Abache Abreu
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
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19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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energysalesiciscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Trades
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
8GLM 1016 | 17 April 2014 | wwwiciscomenergy
FREE ON BOARD TRANSACTIONS
Buyer SellerTransaction
dateLifting period
Price $MMBtu
Vessel Load PortInformation
updated
EXCELERATE ENERGY
GAS NATURAL FENOSA
10042014 Wilpride Spain 03032014
GLENCORE TBC 1-30042014 $1300s TBC Spain 26032014
PETROBRAS TBC 23042014 Excelsior Bonny Island 26032014
PETROBRAS DONG 06042014 Excalibur Rotterdam 26032014
TBC BG 4-5042014Methane Heather
SallyDampier 07042014
EXCELERATE ENERGY
IBERDROLA 01122013 13032014 Explorer Ferrol 26032014
PETROBRAS TBC TBC 10032014 Expedient Point Fortin 03032014
RWE GDF SUEZ 1-31012014 15-28022014 $1600-$1620 TBC Snohvit 05022014
PETROBRAS TBC 1-31012014 08022014 Wilgas Sagunto 31012014
GAZPROM TBC TBC 04022014 LNG Pioneer Ras Laffan 12022014
PETROBRAS CONOCOPHILLIPS TBC 01022014 $1467 Excelsior Freeport 12022014
GAZPROM NLNG TBC 20012014 Lena River Bonny Island 12022014
BP ITOCHU TBC 20012014 British Sapphire Gwangyang 05022014
GLENCORE RWE 20112013 28122013 Lobito Snohvit 21112013
VITOL ECONGAS 2511-6122013 14122013 Ben Badis Rotterdam 12122013
BP EDP 1-7112013 14122013 $1450 Celestine River HuelvaFos 26112013
PETROBRAS TBC 09122013 LNG Capricorn Sagunto 02122013
BP CONOCOPHILLIPS 11102013 25112013 $1345 British Merchant Freeport 22112013
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
KOGAS TOTAL TBC 28032014 TBC Meridian Spirit Bonny Tongyeong 10032014
ENARSA BP 18-22102013 28032014 $1500-1550 British Ruby Point Fortin Bahia Blanca 10032014
ASIAN BUYER GAZPROM TBC 28-31032014 TBC Lena River Reganosa TBC 01012014
CPC BG GROUP 16-31012014 26032014 $1900sMethane Becki
Anne Punta Europa Yung An 27032014
CNOOC ANGOLA LNG 03032014 26032014 $1700s Malanje Soyo Guangdong 10032014
TOKYO GAS SHELL TBC 26032014 TBCLNG River
Orashi Bonny Kawasaki 10032014
PETROBRAS REPSOL TBC 25032014 TBCValencia Knutsen
ZeebruggeGuanabara
Bay10032014
TEPCO GDF SUEZ 16-31012014 24032014 1900sLalla Fatma NrsquoSoumer
Arzew Futtsu 18032014
GAILGAS NATURAL
FENOSATBC 23032014 TBC Iberica Knutsen Bonny Dabhol 20032014
PETROBRAS GDF SUEZ TBC 22032014 TBCGDF SUEZ
BostonPoint Fortin
Guanabara Bay
20032014
ENARSAGAS NATURAL
FENOSA18-22102013 20032014 $1500-1550 Polar Spirit Point Fortin Escobar 10032014
ENARSAGAS NATURAL
FENOSA18-22102013 12032014 $1500-1550 SCF Polar Point Fortin Escobar 10032014
PETROBRAS BG GROUP TBC 11032014 TBCMethane
Patricia CamilaPunta Europa
Guanabara Bay
10032014
GLENCORE KOGAS TBC 04032014 TBC WilEnergy Sagunto Pyeongtaek 10032014
PETROBRAS NLNG TBC 02032014 TBC LNG Ondo BonnyGuanabara
Bay24022014
The information in these tables is the most accurate obtainable by ICIS at the time of publication It does not necessarily represent deals confirmed by counterparties The information may be amended or updated in subsequent issues
DELIVERED EX-SHIP TRANSACTIONS
Buyer SellerTransaction
dateDelivery period
Price $MMBtu
Vessel Origin DestinationInformation
updated
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
9GLM 1016 | 17 April 2014 | wwwiciscomenergy
Canadian Triton LNG receives regulatory export licence Calgary-based AltaGas and its Japanese refining partner Idemitsu have received a 25-year export licence from Canadian energy regulators for their joint small-scale LNG ex-port project
The proposed venture which would either be located near Kitimat or Prince Rupert in British Columbia envisages a floating lique-faction storage and offloading (FLSO) vessel which would include two liquefaction trains
Known as Triton LNG the project received approval to export 23mtpa on 16 April from Canadarsquos National Energy Board (NEB) as well as an additional 15 annual tolerance as per Canadian export standards
ldquoWe have determined that the quantity of gas proposed to be exported by Triton LNG is surplus to Canadian needs The board is satis-fied that the gas resource base in Canada as well as North America is large and can ac-commodate reasonably foreseeable Canadian demand the proposed LNG exports and a plausible potential increase in demandrdquo the NEB order stated
Given the abundance of shale gas in North America the US is no longer importing Cana-dian gas which has stranded the countryrsquos gas reserves and spurred LNG export projects to be developed along the west coast of British Columbia
The Western Canadian export projects are targeting premium northeast Asian markets and Asian companies such as Idemitsu have partnered directly with project proponents through equity and offtake agreements in order to help commercialise the gas
However the Canadian liquefaction ventures and associated pipelines which are developed at a greenfield cost have stalled in reaching final investment because of the cost uncertainties associated with developing in such a rugged and remote environment
Canadarsquos provincial government officials and regulatory authorities have viewed themselves as backers of the LNG industry promoting the country as a desirable location to develop large energy infrastructure projects such as LNG exports
The next project awaiting its export licence is Goldboro LNG a scheme developed by Pieri-dae Energy in Guysborough Nova Scotia on the east coast of Canada The 10mpta project has a 5mpta agreement in place with German utility EON on a European hub-indexation The project seeks to supply the LNG by requesting a flow reversal on the Maritimes and Northeast Pipeline that runs from Canada to the US
The gap between the NEBrsquos last approval ndash on 16 December 2013 ndash and the Triton LNG approval on 16 April perhaps signals a more cautious approach by the government
While not as lengthy as the time that it took for the US Freeport LNG project to receive its long-awaited non-free trade agreement (non-FTA) export licence from the US Depart-ment of Energy (DOE) the four-month pause between the Canadian projects has been the longest time period yet between approvals
In the interim the NEB also approved a 25-year application in February for a US pro-ject proposed on the west coast the planned 6mpta Jordan Cove venture developed by Cal-gary-based infrastructure company Veresen The Jordan Cove scheme proposes importing Canadian pipeline gas into the US and then bringing the volumes to the greenfield site in southwest Oregon to export as LNG
Triton LNG is the ninth project with a Cana-dian export licence
The NEB approved a batch of four projects in December 2013 These included BG Grouprsquos Prince Rupert facility Malaysiarsquos PETRONAS 12mtpa Pacific NorthWest the ExxonMobil-Imperial Oil venture WCC and the Woodfibre LNG export project developed by the Singa-pore energy company Pacific Oil amp Gas
Royal Dutch Shell is leading a consortium with Chinarsquos PetroChina Japanese trading company Mitsubishi and Korearsquos KOGAS for a planned 12mtpa facility in Kitimat
The first Canadian project to receive its ex-port licence was in October 2011 the planned 10mtpa Kitimat LNG project which is now being jointly marketed by US-based producer Chevron and exploration and production com-pany Apache Corporation Ruth Liao
GIIGNL corrects annual reportA mid-term agreement between the An-gola LNG consortium and Brazilrsquos state-run Petrobras in the International Group of LNG Importers (GIIGNL) report published on 8 April was incorrect according to the organi-sation The initial report stated that the two companies reached an agreement in 2013 for
400000 tonnes per annum on a four-year basis on delivered ex-ship (DES) terms
The information was considered incor-rectly documented as a wrong assumption and GIIGNL has since reissued a final report on its website removing the contract infor-mation Ruth Liao
Russia aims to finalise gas talks with China by MayRussiarsquos incumbent producer Gazprom hopes to finalise a 30-year gas agreement to supply China prior to President Vladimir Pu-tinrsquos approaching visit Arkady Dvorkovich Russiarsquos deputy prime minister said on 14 April as quoted by the Russian media
ldquoOn gas the talks are nearing a close and there is a mutual intention to finish this work before the Russian presidentrsquos visit in Mayrdquo Dvorkovich said during a televised government meeting
ldquoConsultations are ongoing and Gazpromrsquos management are holding talks with Chinese partners on the contract terms We hope to conclude the contract in May and believe it should come into effect by the year endrdquo Dvorkovich said
The agreement would involve the export of 38 billion cubic metres (bcm)year of pipe-line gas starting in 2018
Volumes could be ramped up to 70bcmyear over the course of 30 years The framework agreement between Gazprom and government-controlled China National Petroleum Corporation was signed back in 2009
Negotiations have taken place over the course of the last 10 years with pricing seen as the main roadblock to reaching the agree-ment
However with growing political tensions over Russiarsquos involvement in Ukrainersquos crisis and the subsequent annexation of Crimea China could have gained a bargaining ad-vantage with the potential increasing isola-tion of Russia from western gas markets
Russia has been actively seeking alterna-tive markets in Asia to export gas either through pipeline from fields mainly in Si-beria and the Russian Far East or as LNG to decrease dependence on European imports Russia has few exports markets for gas out-side Europe
lsquoEconomic sanctions from the EU cou-pled with potential competition of shale gas exports from the US ndash as LNG or shale gas develops in Europe ndash could mean a diminish-ing market for Russian gas
As a result Russian export strategy has become mainly Asia-oriented with the po-tential development of several LNG projects including Vladivostok and the expansion of the Sakhalin-2 LNG project with another train
China needs gas to satisfy its growing energy needs as well as to replace coal-fired power generation in densely populated parts of the country Roman Kazmin
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
10GLM 1016 | 17 April 2014 | wwwiciscomenergy
Japanrsquos energy plan warns about LNG dependenceJapanrsquos cabinet has approved a new basic energy plan which defines coal and nuclear power as the key baseload sources of power generation and relegates LNG to an inter-mediate load source status according to the plan released by the Japanese Ministry of Economy Trade and Industry (METI) on 11 April The energy plan which lays out the countryrsquos energy policies for the next 20 years warned about the need to avoid exces-sive reliance on high-priced LNG imports as a substitution for nuclear power generation but did not include any numerical targets for the countryrsquos long-term energy mix
ldquoJapan should avoid excessive depen-dence on LNG as a source of power genera-tion and promote cost reductions by diversify-ing its supply sourcesrdquo the plan said
The plan suggests a number of actions that can be taken at the corporate and in-stitutional levels to reduce the cost of LNG imports such as diversifying contract price indexations eliminating destination restric-tions increasing investment in upstream developments and supporting joint procure-ment agreements to increase buyersrsquo bar-gaining power
ldquoIt is necessary to continue to support strategic efforts towards joint procurementrdquo the plan said
The plan anticipates that US shale gas exports will have a positive impact on the Japanese and global markets from 2017 as these contracts will be linked to the US Henry Hub gas benchmark and will not include a destination restriction clause which means offtakers will be able to trade volumes inter-nationally
ldquoUS LNG will contribute not only to the improvement of the global trading environ-ment but also to the creation of an LNG futures marketrdquo the plan said
Fourth planJapanrsquos energy plan which was drafted in December 2013 but only released by METI for cabinet approval on 18 March is the countryrsquos fourth basic energy plan and the first one formulated since the 2011 earthquake and the nuclear shutdowns that followed Since then Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90
The plan highlights the key role that coal and nuclear power sources are expected to play in the countryrsquos energy mix (For more on this see the Focus on Japan)
The plan re-evaluated the key role that nuclear power is to play in the countryrsquos en-ergy mix and states that Japan will proceed to
restart those nuclear reactors that have suc-cessfully passed the safety assessments by the Nuclear Regulation Authority (NRA) and have received approval by the local governments
This reverses the previous Democratic Party of Japan governmentrsquos decision to phase out nuclear power generation by 2040 in the wake of the 2011 Fukushima disaster
Nuclear energy remains an efficient abundant and stable source of power sup-ply which can be domestically produced at relatively low operating costs and greenhouse gas emissions the plan said The priority lies in ensuring the safety of the nuclear power plants it added
Power market liberalisation by 2020The plan highlighted the importance of reforms aimed at liberalising the downstream power markets The full liberalisation of the downstream power generation and retail markets are being advanced through three stages with completion of stage three expected in 2020 the plan said
ldquoBy promoting legal neutrality in the power transmission and distribution sector we will tackle limitations in the conventional power system and increase investment in the power distribution networkrdquo the plan said Abache Abreu
Thailandrsquos PTT in talks for up to 1mtpa of long-term supply from BP
Thailandrsquos state-owned buyer PTT is in discussions with UK-headquartered oil and gas major BP for the long-term supply of up to 1mtpa of LNG on a delivered ex ship (DES) basis starting from 2015 a PTT company offi-cial said in a telephone interview on 11 April
ldquoWe are in discussions with many suppli-ers to make sure we have the best deal for the best interest of the countryrdquo said Nutta-chat Charuchinda chief operations officer of PTTrsquos downstream petroleum business group
ldquoWe would like to see the best options that are available to us [hellip] a basket of supply to make sure that we have security of supply at the best pricerdquo he said
PTT is open to different sources of supply and price indexationsldquo whether it is linked to crude oil JCC [Japanese Crude Cocktail] or Henry Hubrdquo Charuchinda said
Additional contractual agreements are sought in response to PTTrsquos own energy forecasts which foresee a rise in Thailandrsquos domestic energy consumption and an in-crease in the share natural gas holds in the countryrsquos energy mix in relation to coal and nuclear power generation On the other hand the countryrsquos energy reserves are fast dwindling according to PTT while pipeline gas imports from neighbouring countries are increasingly limited
PTT has so far signed two long-term agreements for a total supply of 46mtpa by 2020 In December 2012 PTT signed its first long-term LNG contract with Qatargas for the supply of 2mpta of LNG for 20 years start-ing in 2015 In December 2013 PTT signed a preliminary deal with US-based Anadarko Petroleum for the procurement of 26mpta from Mozambique starting from 2018-2019
Additional 1mtpa might be enoughIn the long term PTT might be interested in securing additional supply from North America or east Africa but having secured 46mtpa under long-term contracts an additional 1mtpa supply might be sufficient to meet the Thai buyerrsquos mid-term demand requirements a Singapore-based analyst said
ldquoPTT has realised they need more LNG but with almost 5mtpa in contracts and an additional 1mtpa under discussion they might wait and see before they start buying againrdquo said Tony Regan an analyst at Singa-pore-based consultancy Tri-Zen International
ldquoPTT could be cautious and assume they might not be able to get more gas from Myanmar domestic reserves are declining and there is little potential for that to recoverrdquo he said ldquoBut I think they will wait Otherwise they are going to see prices firming because
of all this buying activity Also they have been relatively slow to develop their domestic market for regasified LNG There is a huge industry nearby but it is taking them time to secure contracts with offtakers and arrange truck lifting from the terminalrdquo
Spot procurement set to continueWhile PTT aims to meet most of its demand requirements through long-term contracts the Thai buyer will continue to supplement any shortages through spot LNG purchases
ldquoWe cannot commit [wholly] to term supply Some spot supply [will continue]rdquo Charuchinda said The company recently awarded a single-cargo buy tender for deliv-ery between 5-20 May and is in the market for additional June-delivery volumes
ldquo[PTT] has finished procurement for May [and] will now start looking for June [deliver-ies]rdquo a source close to the tender process said
PTT typically limits participation in its ten-ders to parties with which it has previously concluded master sales agreements Winners of 2013 PTT tenders include Qatari supplier Qatargas Francersquos GDF SUEZ UK-based BG Group and Anglo-Dutch major Shell Nor-wayrsquos Statoil Francersquos Total and Russiarsquos Gazprom have also participated in the 2013 tenders Abache Abreu
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
9GLM 1016 | 17 April 2014 | wwwiciscomenergy
Canadian Triton LNG receives regulatory export licence Calgary-based AltaGas and its Japanese refining partner Idemitsu have received a 25-year export licence from Canadian energy regulators for their joint small-scale LNG ex-port project
The proposed venture which would either be located near Kitimat or Prince Rupert in British Columbia envisages a floating lique-faction storage and offloading (FLSO) vessel which would include two liquefaction trains
Known as Triton LNG the project received approval to export 23mtpa on 16 April from Canadarsquos National Energy Board (NEB) as well as an additional 15 annual tolerance as per Canadian export standards
ldquoWe have determined that the quantity of gas proposed to be exported by Triton LNG is surplus to Canadian needs The board is satis-fied that the gas resource base in Canada as well as North America is large and can ac-commodate reasonably foreseeable Canadian demand the proposed LNG exports and a plausible potential increase in demandrdquo the NEB order stated
Given the abundance of shale gas in North America the US is no longer importing Cana-dian gas which has stranded the countryrsquos gas reserves and spurred LNG export projects to be developed along the west coast of British Columbia
The Western Canadian export projects are targeting premium northeast Asian markets and Asian companies such as Idemitsu have partnered directly with project proponents through equity and offtake agreements in order to help commercialise the gas
However the Canadian liquefaction ventures and associated pipelines which are developed at a greenfield cost have stalled in reaching final investment because of the cost uncertainties associated with developing in such a rugged and remote environment
Canadarsquos provincial government officials and regulatory authorities have viewed themselves as backers of the LNG industry promoting the country as a desirable location to develop large energy infrastructure projects such as LNG exports
The next project awaiting its export licence is Goldboro LNG a scheme developed by Pieri-dae Energy in Guysborough Nova Scotia on the east coast of Canada The 10mpta project has a 5mpta agreement in place with German utility EON on a European hub-indexation The project seeks to supply the LNG by requesting a flow reversal on the Maritimes and Northeast Pipeline that runs from Canada to the US
The gap between the NEBrsquos last approval ndash on 16 December 2013 ndash and the Triton LNG approval on 16 April perhaps signals a more cautious approach by the government
While not as lengthy as the time that it took for the US Freeport LNG project to receive its long-awaited non-free trade agreement (non-FTA) export licence from the US Depart-ment of Energy (DOE) the four-month pause between the Canadian projects has been the longest time period yet between approvals
In the interim the NEB also approved a 25-year application in February for a US pro-ject proposed on the west coast the planned 6mpta Jordan Cove venture developed by Cal-gary-based infrastructure company Veresen The Jordan Cove scheme proposes importing Canadian pipeline gas into the US and then bringing the volumes to the greenfield site in southwest Oregon to export as LNG
Triton LNG is the ninth project with a Cana-dian export licence
The NEB approved a batch of four projects in December 2013 These included BG Grouprsquos Prince Rupert facility Malaysiarsquos PETRONAS 12mtpa Pacific NorthWest the ExxonMobil-Imperial Oil venture WCC and the Woodfibre LNG export project developed by the Singa-pore energy company Pacific Oil amp Gas
Royal Dutch Shell is leading a consortium with Chinarsquos PetroChina Japanese trading company Mitsubishi and Korearsquos KOGAS for a planned 12mtpa facility in Kitimat
The first Canadian project to receive its ex-port licence was in October 2011 the planned 10mtpa Kitimat LNG project which is now being jointly marketed by US-based producer Chevron and exploration and production com-pany Apache Corporation Ruth Liao
GIIGNL corrects annual reportA mid-term agreement between the An-gola LNG consortium and Brazilrsquos state-run Petrobras in the International Group of LNG Importers (GIIGNL) report published on 8 April was incorrect according to the organi-sation The initial report stated that the two companies reached an agreement in 2013 for
400000 tonnes per annum on a four-year basis on delivered ex-ship (DES) terms
The information was considered incor-rectly documented as a wrong assumption and GIIGNL has since reissued a final report on its website removing the contract infor-mation Ruth Liao
Russia aims to finalise gas talks with China by MayRussiarsquos incumbent producer Gazprom hopes to finalise a 30-year gas agreement to supply China prior to President Vladimir Pu-tinrsquos approaching visit Arkady Dvorkovich Russiarsquos deputy prime minister said on 14 April as quoted by the Russian media
ldquoOn gas the talks are nearing a close and there is a mutual intention to finish this work before the Russian presidentrsquos visit in Mayrdquo Dvorkovich said during a televised government meeting
ldquoConsultations are ongoing and Gazpromrsquos management are holding talks with Chinese partners on the contract terms We hope to conclude the contract in May and believe it should come into effect by the year endrdquo Dvorkovich said
The agreement would involve the export of 38 billion cubic metres (bcm)year of pipe-line gas starting in 2018
Volumes could be ramped up to 70bcmyear over the course of 30 years The framework agreement between Gazprom and government-controlled China National Petroleum Corporation was signed back in 2009
Negotiations have taken place over the course of the last 10 years with pricing seen as the main roadblock to reaching the agree-ment
However with growing political tensions over Russiarsquos involvement in Ukrainersquos crisis and the subsequent annexation of Crimea China could have gained a bargaining ad-vantage with the potential increasing isola-tion of Russia from western gas markets
Russia has been actively seeking alterna-tive markets in Asia to export gas either through pipeline from fields mainly in Si-beria and the Russian Far East or as LNG to decrease dependence on European imports Russia has few exports markets for gas out-side Europe
lsquoEconomic sanctions from the EU cou-pled with potential competition of shale gas exports from the US ndash as LNG or shale gas develops in Europe ndash could mean a diminish-ing market for Russian gas
As a result Russian export strategy has become mainly Asia-oriented with the po-tential development of several LNG projects including Vladivostok and the expansion of the Sakhalin-2 LNG project with another train
China needs gas to satisfy its growing energy needs as well as to replace coal-fired power generation in densely populated parts of the country Roman Kazmin
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
10GLM 1016 | 17 April 2014 | wwwiciscomenergy
Japanrsquos energy plan warns about LNG dependenceJapanrsquos cabinet has approved a new basic energy plan which defines coal and nuclear power as the key baseload sources of power generation and relegates LNG to an inter-mediate load source status according to the plan released by the Japanese Ministry of Economy Trade and Industry (METI) on 11 April The energy plan which lays out the countryrsquos energy policies for the next 20 years warned about the need to avoid exces-sive reliance on high-priced LNG imports as a substitution for nuclear power generation but did not include any numerical targets for the countryrsquos long-term energy mix
ldquoJapan should avoid excessive depen-dence on LNG as a source of power genera-tion and promote cost reductions by diversify-ing its supply sourcesrdquo the plan said
The plan suggests a number of actions that can be taken at the corporate and in-stitutional levels to reduce the cost of LNG imports such as diversifying contract price indexations eliminating destination restric-tions increasing investment in upstream developments and supporting joint procure-ment agreements to increase buyersrsquo bar-gaining power
ldquoIt is necessary to continue to support strategic efforts towards joint procurementrdquo the plan said
The plan anticipates that US shale gas exports will have a positive impact on the Japanese and global markets from 2017 as these contracts will be linked to the US Henry Hub gas benchmark and will not include a destination restriction clause which means offtakers will be able to trade volumes inter-nationally
ldquoUS LNG will contribute not only to the improvement of the global trading environ-ment but also to the creation of an LNG futures marketrdquo the plan said
Fourth planJapanrsquos energy plan which was drafted in December 2013 but only released by METI for cabinet approval on 18 March is the countryrsquos fourth basic energy plan and the first one formulated since the 2011 earthquake and the nuclear shutdowns that followed Since then Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90
The plan highlights the key role that coal and nuclear power sources are expected to play in the countryrsquos energy mix (For more on this see the Focus on Japan)
The plan re-evaluated the key role that nuclear power is to play in the countryrsquos en-ergy mix and states that Japan will proceed to
restart those nuclear reactors that have suc-cessfully passed the safety assessments by the Nuclear Regulation Authority (NRA) and have received approval by the local governments
This reverses the previous Democratic Party of Japan governmentrsquos decision to phase out nuclear power generation by 2040 in the wake of the 2011 Fukushima disaster
Nuclear energy remains an efficient abundant and stable source of power sup-ply which can be domestically produced at relatively low operating costs and greenhouse gas emissions the plan said The priority lies in ensuring the safety of the nuclear power plants it added
Power market liberalisation by 2020The plan highlighted the importance of reforms aimed at liberalising the downstream power markets The full liberalisation of the downstream power generation and retail markets are being advanced through three stages with completion of stage three expected in 2020 the plan said
ldquoBy promoting legal neutrality in the power transmission and distribution sector we will tackle limitations in the conventional power system and increase investment in the power distribution networkrdquo the plan said Abache Abreu
Thailandrsquos PTT in talks for up to 1mtpa of long-term supply from BP
Thailandrsquos state-owned buyer PTT is in discussions with UK-headquartered oil and gas major BP for the long-term supply of up to 1mtpa of LNG on a delivered ex ship (DES) basis starting from 2015 a PTT company offi-cial said in a telephone interview on 11 April
ldquoWe are in discussions with many suppli-ers to make sure we have the best deal for the best interest of the countryrdquo said Nutta-chat Charuchinda chief operations officer of PTTrsquos downstream petroleum business group
ldquoWe would like to see the best options that are available to us [hellip] a basket of supply to make sure that we have security of supply at the best pricerdquo he said
PTT is open to different sources of supply and price indexationsldquo whether it is linked to crude oil JCC [Japanese Crude Cocktail] or Henry Hubrdquo Charuchinda said
Additional contractual agreements are sought in response to PTTrsquos own energy forecasts which foresee a rise in Thailandrsquos domestic energy consumption and an in-crease in the share natural gas holds in the countryrsquos energy mix in relation to coal and nuclear power generation On the other hand the countryrsquos energy reserves are fast dwindling according to PTT while pipeline gas imports from neighbouring countries are increasingly limited
PTT has so far signed two long-term agreements for a total supply of 46mtpa by 2020 In December 2012 PTT signed its first long-term LNG contract with Qatargas for the supply of 2mpta of LNG for 20 years start-ing in 2015 In December 2013 PTT signed a preliminary deal with US-based Anadarko Petroleum for the procurement of 26mpta from Mozambique starting from 2018-2019
Additional 1mtpa might be enoughIn the long term PTT might be interested in securing additional supply from North America or east Africa but having secured 46mtpa under long-term contracts an additional 1mtpa supply might be sufficient to meet the Thai buyerrsquos mid-term demand requirements a Singapore-based analyst said
ldquoPTT has realised they need more LNG but with almost 5mtpa in contracts and an additional 1mtpa under discussion they might wait and see before they start buying againrdquo said Tony Regan an analyst at Singa-pore-based consultancy Tri-Zen International
ldquoPTT could be cautious and assume they might not be able to get more gas from Myanmar domestic reserves are declining and there is little potential for that to recoverrdquo he said ldquoBut I think they will wait Otherwise they are going to see prices firming because
of all this buying activity Also they have been relatively slow to develop their domestic market for regasified LNG There is a huge industry nearby but it is taking them time to secure contracts with offtakers and arrange truck lifting from the terminalrdquo
Spot procurement set to continueWhile PTT aims to meet most of its demand requirements through long-term contracts the Thai buyer will continue to supplement any shortages through spot LNG purchases
ldquoWe cannot commit [wholly] to term supply Some spot supply [will continue]rdquo Charuchinda said The company recently awarded a single-cargo buy tender for deliv-ery between 5-20 May and is in the market for additional June-delivery volumes
ldquo[PTT] has finished procurement for May [and] will now start looking for June [deliver-ies]rdquo a source close to the tender process said
PTT typically limits participation in its ten-ders to parties with which it has previously concluded master sales agreements Winners of 2013 PTT tenders include Qatari supplier Qatargas Francersquos GDF SUEZ UK-based BG Group and Anglo-Dutch major Shell Nor-wayrsquos Statoil Francersquos Total and Russiarsquos Gazprom have also participated in the 2013 tenders Abache Abreu
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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energysalesiciscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
10GLM 1016 | 17 April 2014 | wwwiciscomenergy
Japanrsquos energy plan warns about LNG dependenceJapanrsquos cabinet has approved a new basic energy plan which defines coal and nuclear power as the key baseload sources of power generation and relegates LNG to an inter-mediate load source status according to the plan released by the Japanese Ministry of Economy Trade and Industry (METI) on 11 April The energy plan which lays out the countryrsquos energy policies for the next 20 years warned about the need to avoid exces-sive reliance on high-priced LNG imports as a substitution for nuclear power generation but did not include any numerical targets for the countryrsquos long-term energy mix
ldquoJapan should avoid excessive depen-dence on LNG as a source of power genera-tion and promote cost reductions by diversify-ing its supply sourcesrdquo the plan said
The plan suggests a number of actions that can be taken at the corporate and in-stitutional levels to reduce the cost of LNG imports such as diversifying contract price indexations eliminating destination restric-tions increasing investment in upstream developments and supporting joint procure-ment agreements to increase buyersrsquo bar-gaining power
ldquoIt is necessary to continue to support strategic efforts towards joint procurementrdquo the plan said
The plan anticipates that US shale gas exports will have a positive impact on the Japanese and global markets from 2017 as these contracts will be linked to the US Henry Hub gas benchmark and will not include a destination restriction clause which means offtakers will be able to trade volumes inter-nationally
ldquoUS LNG will contribute not only to the improvement of the global trading environ-ment but also to the creation of an LNG futures marketrdquo the plan said
Fourth planJapanrsquos energy plan which was drafted in December 2013 but only released by METI for cabinet approval on 18 March is the countryrsquos fourth basic energy plan and the first one formulated since the 2011 earthquake and the nuclear shutdowns that followed Since then Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90
The plan highlights the key role that coal and nuclear power sources are expected to play in the countryrsquos energy mix (For more on this see the Focus on Japan)
The plan re-evaluated the key role that nuclear power is to play in the countryrsquos en-ergy mix and states that Japan will proceed to
restart those nuclear reactors that have suc-cessfully passed the safety assessments by the Nuclear Regulation Authority (NRA) and have received approval by the local governments
This reverses the previous Democratic Party of Japan governmentrsquos decision to phase out nuclear power generation by 2040 in the wake of the 2011 Fukushima disaster
Nuclear energy remains an efficient abundant and stable source of power sup-ply which can be domestically produced at relatively low operating costs and greenhouse gas emissions the plan said The priority lies in ensuring the safety of the nuclear power plants it added
Power market liberalisation by 2020The plan highlighted the importance of reforms aimed at liberalising the downstream power markets The full liberalisation of the downstream power generation and retail markets are being advanced through three stages with completion of stage three expected in 2020 the plan said
ldquoBy promoting legal neutrality in the power transmission and distribution sector we will tackle limitations in the conventional power system and increase investment in the power distribution networkrdquo the plan said Abache Abreu
Thailandrsquos PTT in talks for up to 1mtpa of long-term supply from BP
Thailandrsquos state-owned buyer PTT is in discussions with UK-headquartered oil and gas major BP for the long-term supply of up to 1mtpa of LNG on a delivered ex ship (DES) basis starting from 2015 a PTT company offi-cial said in a telephone interview on 11 April
ldquoWe are in discussions with many suppli-ers to make sure we have the best deal for the best interest of the countryrdquo said Nutta-chat Charuchinda chief operations officer of PTTrsquos downstream petroleum business group
ldquoWe would like to see the best options that are available to us [hellip] a basket of supply to make sure that we have security of supply at the best pricerdquo he said
PTT is open to different sources of supply and price indexationsldquo whether it is linked to crude oil JCC [Japanese Crude Cocktail] or Henry Hubrdquo Charuchinda said
Additional contractual agreements are sought in response to PTTrsquos own energy forecasts which foresee a rise in Thailandrsquos domestic energy consumption and an in-crease in the share natural gas holds in the countryrsquos energy mix in relation to coal and nuclear power generation On the other hand the countryrsquos energy reserves are fast dwindling according to PTT while pipeline gas imports from neighbouring countries are increasingly limited
PTT has so far signed two long-term agreements for a total supply of 46mtpa by 2020 In December 2012 PTT signed its first long-term LNG contract with Qatargas for the supply of 2mpta of LNG for 20 years start-ing in 2015 In December 2013 PTT signed a preliminary deal with US-based Anadarko Petroleum for the procurement of 26mpta from Mozambique starting from 2018-2019
Additional 1mtpa might be enoughIn the long term PTT might be interested in securing additional supply from North America or east Africa but having secured 46mtpa under long-term contracts an additional 1mtpa supply might be sufficient to meet the Thai buyerrsquos mid-term demand requirements a Singapore-based analyst said
ldquoPTT has realised they need more LNG but with almost 5mtpa in contracts and an additional 1mtpa under discussion they might wait and see before they start buying againrdquo said Tony Regan an analyst at Singa-pore-based consultancy Tri-Zen International
ldquoPTT could be cautious and assume they might not be able to get more gas from Myanmar domestic reserves are declining and there is little potential for that to recoverrdquo he said ldquoBut I think they will wait Otherwise they are going to see prices firming because
of all this buying activity Also they have been relatively slow to develop their domestic market for regasified LNG There is a huge industry nearby but it is taking them time to secure contracts with offtakers and arrange truck lifting from the terminalrdquo
Spot procurement set to continueWhile PTT aims to meet most of its demand requirements through long-term contracts the Thai buyer will continue to supplement any shortages through spot LNG purchases
ldquoWe cannot commit [wholly] to term supply Some spot supply [will continue]rdquo Charuchinda said The company recently awarded a single-cargo buy tender for deliv-ery between 5-20 May and is in the market for additional June-delivery volumes
ldquo[PTT] has finished procurement for May [and] will now start looking for June [deliver-ies]rdquo a source close to the tender process said
PTT typically limits participation in its ten-ders to parties with which it has previously concluded master sales agreements Winners of 2013 PTT tenders include Qatari supplier Qatargas Francersquos GDF SUEZ UK-based BG Group and Anglo-Dutch major Shell Nor-wayrsquos Statoil Francersquos Total and Russiarsquos Gazprom have also participated in the 2013 tenders Abache Abreu
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
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energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
News
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
11GLM 1016 | 17 April 2014 | wwwiciscomenergy
GSPC increases LNG market participation ahead of MundraIndian natural gas trader Gujarat State Pe-troleum Corporation (GSPC) has stepped up its short-term LNG procurement following the rupture of a 15-year contract it previ-ously held with state-owned importer GAIL
GSPC has been independently looking for cargoes since March and is no longer relying on GAIL for supplies of about eight LNG cargoes per year a source close to the situation has told ICIS
GAIL had previously sought to renegoti-ate the price of its regasified LNG supplies to GSPC on the back of increases in trans-portation tariffs and rising international LNG prices since 2011 ICIS understands
While the Supreme Court of India up-held GAILrsquos right to negotiate prices for gas delivery from 2014 both parties failed to agree on a suitable price arrangement
A document from the Supreme Court in September 2013 revealed ldquoThe fact that no agreement could be reached between GAIL and GSPC regarding the price of gas [means that] the agreement shall stand terminated with effect from 01012014 and the parties hereto shall stand relieved of their obligation under the Agreementrdquo
As a result GSPC has now increased its presence on the LNG market in order to supply downstream customers engaged in power generation steel and city gas distri-bution
The company has taken delivery of a Qatar-sourced spot cargo on 11 April at the Dahej LNG terminal ICIS understands the cargo was delivered at a landed cost in the $1630sMMBtu
The ICIS DES [delivered ex-ship] India price was assessed for the final time for
April delivery at $1645MMBtu on 14 March
GSPC awards Mundra EPC contract GSPC as the developer of what would be the state of Gujaratrsquos third LNG terminal ndash the Mundra regasification project ndash has awarded the engineering procurement and construction (EPC) contract for the project to Japanrsquos Toyo Engineering Corporation (TOYO) it said in a statement on 14 April
The 5mtpa project on Indiarsquos west coast is scheduled to be complete by the end of 2016
Despite ground work on the terminal moving ahead GSPC has yet to find a part-ner for a 25 stake in the terminal ICIS understands
In December 2013 India Gas Solutions (IGS) ndash the 5050 joint venture of UK-based BP and Indiarsquos Reliance Industries ndash along with Russiarsquos Gazprom and Indian state companies Indian Oil Corporation (IOC) and Oil Natural Gas Corp (ONGC) were all short-listed for the second round of the stake sale
However no decision has been taken as yet on the second round adding to the speculation that the terminal may miss its targeted start-up date in 2016
The state of Gujarat already has two operational LNG terminals at Hazira and Dahej with sources in India noting that expansions at the two facilities may leave Mundra a second-best choice for customers in the area
ldquoThe tariffs at Mundra being a green-field project are expected to be higher compared with Dahejrdquo one source said Ranjana KaushalLudovic Aldersley
Greece in talks with infrastructure provider
Greecersquos minister of environment energy and climate change met with floating storage regasification unit (FSRU) provider Golar LNG regarding a planned import terminal in the north of the country the ministry said on 15 April Greecersquos state-owned gas supply com-pany DEPA is progressing plans to have a 3-5 billion cubic metre (bcm)year FSRU by 2017 which the European Commission considers as a project of common interest
The feasibility study and environmental impact study prepared by DEPA are currently in the final stages according to minister Yian-nis Maniatis
ldquoThe importance of the project together with the interconnecting gas pipeline Greece-Bulgaria (IGB) are major pillars of enhancing energy security of the regionrdquo the Ministry said adding its importance is further ldquore-flected by the advanced consultations with governments and companies from Bulgaria and Romaniardquo
Several LNG terminal developments have been proposed across southeast Europe with an eye on the wider regional market
Within Greece DEPArsquos FSRU proposal is one of three projects that includes expansion of the existing 5bcmyear Revithoussa terminal and a separate FSRU proposal from domestic energy conglomerate Copelouzos
ldquoGolar has expressed its interest in full participation in financing the project provid-ing significant flexibility in the implementation of the overall projectrdquo the Greek ministry said
In parallel to the LNG infrastructure projects the Greece-Bulgaria Interconnector is scheduled to be sanctioned in mid-2014 ahead of a 2016 start-up with an initial 3bcmyear capacity ICIS understands Ludovic Aldersley
Taipower could extend lifespan of its nuclear power plantsTaiwanese state-owned utility Taipower could apply to extend the lifespan of its three existing nuclear plant fleet if its fourth facil-ity which is still under construction is not brought on line due to public opposition according to a company source
Taipower hopes that the plant ndash which is located in Gongliao district New Taipei City ndash can become operational next year It will be able to generate around 193TWhyear the source said
With Taipowerrsquos existing nuclear power plants heading for decommissioning in the
coming years there is a risk of power short-ages by 2016 he added
The two units of Taipowerrsquos No 1 nuclear plant are scheduled to be decommissioned in 2018 and 2019 respectively while the two units in the second plant will expire in 2021 and 2022 The two units in the third plant is scheduled to be decommissioned in 2024 and 2025 respectively according to Taiwanrsquos Atomic Energy Council
Taipower is considering using alterna-tive sources of energy such as natural gas and coal but feels nuclear energy has
many advantages ldquoIt will be very difficult and expensive to use alternative sources of energy to make up any shortfallrdquo the source said
The price of importing LNG is very expen-sive compared to nuclear power generation Furthermore the amount of LNG that can be imported is also limited by Taiwanrsquos LNG terminal capacity
ldquoWe would need to build additional in-frastructure such as LNG receiving terminals tanks and pipelines if we want to import enough LNG to cover the shortfall of nuclear powerrdquo the source said Hairul Borhan
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
ICIS Customer Support+65 6588 3955 (Asia amp Middle East) +44 20 8652 3335 (Europe amp Africa) +1 888 525 3255 (toll free US amp Canada) or +1 713 525 2613 (Americas) csciciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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Head of Design and ProductionAlexis Rendell
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
12GLM 1016 | 17 April 2014 | wwwiciscomenergy
Saibu increases long-term volumes from MLNGJapanese natural gas utility Saibu Gas has amended its long-term contract with south-east Asian producer Malaysia LNG (MLNG) increasing its offtake from 390000 tonnes per annum (tpa) to 450000tpa from April 2014 until April 2028 a Japanese source close to the company said on 15 April
Volumes will continue to be delivered on a DES (delivered ex-ship) basis
The volumes from Malaysia LNG will be delivered to Saibu Gasrsquos new Hibiki LNG ter-minal once it starts commercial operations in November 2014
Located in the north of Japanrsquos southern Kyushu island Hibiki LNG is the companyrsquos first large-scale regasification facility and comprises two 180000cbm storage tanks
Meanwhile some volumes will continue to be delivered on a DES basis using smaller-size vessels to the companyrsquos two other terminals the 01mtpa Nagasaki terminal and the 09mtpa Fukuoka terminal both on Kyushu island between April 2014 and March 2015
From April 2015 all of Saibu Gasrsquos contractual volumes including the MLNG cargoes will be delivered to the Hibiki LNG terminal
From that date the Fukuoka LNG ter-minal will be scrapped while the Nagasaki LNG terminal will start receiving volumes on an FOB (free on board) basis on board small vessels the source said adding that Saibu Gas is still considering which vessel will be used for FOB deliveries to this terminal
There is speculation that Saibu Gas could be looking to increase spot procurement for delivery to its Nagasaki LNG terminal from April 2015 as its two other long-term supply contracts with Russiarsquos Sakhalin Energy and Japanese gas utility Tokyo Gas have both been agreed on a DES basis
Saibu Gas in July 2013 also amended its long-term contract with Sakhalin Energy the operator of the 10mtpa Sakhalin-2 project in Russiarsquos Pacific coast increasing its offtake from 8500tpa to 65000tpa which is load-able on a single regular-sized LNG vessel for
the period April 2015 until April 2027 the source said Under the new arrangement with Sakhalin the delivery terms will be changed from FOB to DES
Saibu Gas also has a long-term agree-ment with gas utility Tokyo Gas for the procurement of 300000tpa over a 16-year period starting from April 2014
From November 2014 Tokyo Gas will also start delivering the volumes on a DES basis to Saibu Gasrsquo Hibiki LNG terminal
When the long-term agreement was signed in March 2012 Tokyo Gas said it would supply Saibu from its existing long-term LNG contracts and added that this deal was the second such resale contract it had signed
Saibu Gas has now concluded long-term procurement the source said as the recent amendments in the MLNG and Sakhalin En-ergy contracts and the start of supply from Tokyo Gas are sufficient to meet the buyerrsquos mid- to long-term demand requirements Abache Abreu
DEFA of Cyprus considers four bids for FSRU and LNG supplyThe state-owned Natural Gas Public Com-pany (DEFA) of Cyprus is reviewing four bids for its supply of natural gas from 1 January 2016 and all supporting import infrastruc-ture the company announced this week
DEFA has asked for supply to the east Mediterranean island to be at the boundary of the coastal Vasilikos power station when it relaunched its tender process on 25 January 2014
However the difference between the cur-rent tender process which saw a bid deadline on 24 March and the one scrapped last year relates to the requested length of the gas supply contract
Current bids are sought for supply of up to 10 years whereas last yearrsquos bids were requested for only three years up to the end of 2018
While DEFA had backed away from nego-tiations with its preferred bidder last year on the basis that it would not significantly reduce electricity prices ndash the principally stated aim of the tender ndash over the intervening period Cyprusrsquos undeveloped upstream resource has been hit by a series of reserve downgrades
The latest one in December 2013 brought the mean recoverable reserves of the offshore Aphrodite field down to 41 trillion
cubic feet (tcf) ndash or 1161 billion cubic metres (bcm) ndash from an initial 2011 estimate of 7tcf according to Israel-based upstream consor-tium partner Delek Group
Nonetheless the underlying momentum to import natural gas as a stopgap measure whilst developing its more than self-sufficient reserves has always seemed present despite cancelling last yearrsquos tender The rationale to import continues to be driven by the savings the country can gain from facilitating a transi-tion from oil-based power generation to gas-fired generation as quickly as possible The fast-track timeline to bring natural gas into the country has only slipped three months from September 2015 to January 2016
Uncertainty around the parallel develop-ment of the countryrsquos upstream gas resource instead only has a bearing on the total period that Cyprus would rely on gas-based imports before its eventual energy self-sufficiency
DEFA has been open to both LNG import proposals as well as compressed natural gas (CNG) providing ldquoall commercial and infrastructure requirementsrdquo including the processing of the gas for the countryrsquos planned transmission system Of the four bids received ICIS understands three are for LNG and one for CNG
With no existing gas market or infrastruc-ture in Cyprus the amount of LNG required is understood to be staggered in line with plans to convert three oil-fired power plants and connect them to a planned 80km gas pipeline
The volumes indicated in a tender docu-ment from last year were 04bcmyear 1 bcmyear and 12bcmyear
Once a euro60m ($829m) planned gas transmission system is complete it can then serve as the backbone for the development of future networks across residential and other industrial areas DEFA has said
The government of Cyprus was allocated euro10m in financial assistance from the Euro-pean Commission for the construction of the gas transmission system last year
Although the aid package was initially to be finalised last December the govern-ment that month informed the commission it would still be analysing ldquopossible options to introduce gas either directly from their reserve[s] recently discovered or through an LNG terminalrdquo a commission spokeswoman told ICIS on 17 April
ldquoThe best option should be decided dur-ing the month of May 2014rdquo she added Ludovic Aldersley
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
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Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
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Vice President of Sales Douglas Strien +44 20 7911 1919
energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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Head of Design and ProductionAlexis Rendell
Global Production Editor Louise Murrell +44 20 8652 8139 louisemurrelliciscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
News
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
13GLM 1016 | 17 April 2014 | wwwiciscomenergy
ConocoPhillips planning Alaska exports in MayUS producer ConocoPhillips which oper-ates the mothballed single-train Kenai LNG facility in Alaska has received clearance from the US government to export to non-free-trade-agreement (non-FTA) countries and plans to resume exports in May
ConocoPhillips had authorised a two-year licence to export 40 billion cubic feetyear or just over 800000 tonnes per annum (tpa) of LNG in the order granted on 14 April by the Department of Energy (DOE)
A non-FTA licence means that exports from the US can go to countries such as Ja-pan China and India Kenai received its FTA export licence on 19 February
A spokesperson for ConocoPhillips said the facilityrsquos tanks are currently cold and the plant is considered operational after the company has restarted the mothballed facility from a warming state
The US major has subchartered the 135000cbm Excel to deliver cargoes from Kenai with a charter period starting in May
Shipping records show the Excel is poised to arrive at Kenai on 2 May and market sources said deliveries would likely com-mence by mid-May Deliveries from Kenai
would probably reach Japan starting in June or July
The company applied to resume exports from the 19mtpa plant in December 2013 The facility was placed in a warming state from March 2013 after being briefly revived in the summer of 2012 to provide a string of cargoes for Japanese utility Kansai Electric under a special arrangement
ConocoPhillips began marketing cargoes for 2014 after applying to restart the facility but the summer string is now expected to be finalised soon given that it has a non-FTA export licence a market source said
Concerns of insufficient feedgas led to the plant being mothballed for some time but in its application to resume exports the company said that improved gas forecasts for the Cook Inlet producing region and suf-ficient domestic supply have provided greater support to export any surplus gas as LNG during the summer period
Cook Inlet estimates for the region show as much as 44 trillion cubic feet could yet be discovered ConocoPhillips said
In addition utilities in south-central Alaska have covered all regional demand
through contracts until the first quarter of 2018
The Kenai approval was granted outside the pending queue of 24 non-FTA export ap-plications filing for new export projects given that the ConocoPhillips plant which began operations in 1969 was an existing facility
The DOE has approved seven non-FTA applications so far for six US projects Sabine Pass Freeport Lake Charles Dominionrsquos Cove Point Sempra Energyrsquos Cameron LNG and the greenfield Oregon project Jordan Cove This covers a cumulative 68mtpa in approved non-FTA volumes
Export licences to FTA nations ndash which in-clude South Korea Chile and Singapore ndash are granted by the US DOE without delay
The next LNG export project awaiting its export licence is the planned 96mtpa Oregon LNG project a greenfield proposal in Warren-ton Oregon
The project developed by the holding company Leucadia National Corporation is proposing a tolling facility that will import both Canadian and US pipeline gas for export but has not signed any long-term offtake agreements to date Ruth Liao
❯❯ Continued from page 1
Sistema Interconectado Central (SIC) power grid ldquo[Metrogasrsquo] lack of interest in extend-ing current agreements indicates that they clearly have business in another areardquo the source said
Codelco will receive one cargo at the Mejillones terminal this year and next year through a contract announced with Metrogas earlier this year The first cargo of the $100m deal is expected to arrive at Mejillones in May and will be delivered by a BG-controlled vessel
Northern power pushCodelco is one of three companies to have secured capacity at the Mejillones terminal as part of the new business model introduced at the facility last year Under the new terminal use agreements companies are free to regasify LNG at Mejillones sourced from suppliers of their choice in exchange for regasification and storage fees
LNG brought into the facility by the min-ing company will be used to fuel the power
demands of mining operations on northern Chilersquos SING power grid Local power genera-tor E-CL and Australian mining and energy major BHP Billiton are the other companies understood to have reserved future delivery slots at the Mejillones facility
While 12 of the 20 annual delivery win-dows are currently reserved for 2014 and 11 for 2015 almost all of the open slots have been booked out from 2016 onwards
Codelco itself is currently proposing the development of a 750MW power plant close to Mejillones Environmental approval for the project was received last year however questions remain over the mining companyrsquos commitment to the project
Codelco executives have previously said they would be open to passing the develop-ment and operation of the Luz Minera project onto another company in order to concen-trate on its core mining business
Cargoes sourced from Metrogas could be provided to Luz Minera or a separate power generator on the SING grid so long as they
supply power to Codelco mines The recent acquisition of a 50 stake in Chilean genera-tor GasAtacama by the local arm of Spanish power giant Endesa opens up previously idle capacity on the SING grid and could also provide an alternative power supply source for mining companies
Elsewhere on the SING BHP Billiton continues to press ahead with its own power generation project The company awarded French engineering company Alstom a euro100m ($138m) contract to deliver two gas turbines for the Kelar plant planned to sit alongside Mejillones Alstom announced on 9 April
Korean conglomerate Samsung Engineer-ing has already been awarded an engineer-ing procurement and construction contract for the 517MW plant due online at the end of 2016
BHP Billiton has held discussions with several LNG suppliers through 2013 ICIS understands but a firm supply deal for Mejil-lones has yet to be signed James Fowler
Codelco eyes long-term Metrogas LNG diversions
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
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Vice President of Sales Douglas Strien +44 20 7911 1919
energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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Head of Design and ProductionAlexis Rendell
Global Production Editor Louise Murrell +44 20 8652 8139 louisemurrelliciscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
14GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
EUROPEAN STOCKS
ICIS STOCKS (MILLION CUBIC METRES)
Hub Area
Current Week ndash Week 16 Previous Week ndash Week 15 Week-on-week Change
Week-on-week Change
Maximum Technical Capacity
Year on year
Stock Level
FullStock Level
Full Fullness 1 year ago
Year on Year Full diff
Austria 1596 4552 1511 4310 85 560 3507 1215 3337
Belgium - Zeebrugge
453 6089 445 6193 8 185 744 1874 4215
Czech Republic 1067 3641 1006 3431 62 612 2931 1153 2488
Denmark 587 5641 601 5776 -14 -234 1040 1969 3672
France - PEG Nord 1104 1760 991 1579 113 1142 6277 494 1266
France - PEG Sud 1657 4849 1612 4718 44 276 3417 1527 3322
France - PEG TIGF 998 3571 996 3565 2 015 2795 527 3044
Germany - NCG 6070 6016 6000 5946 71 118 10090 2002 4014
Germany - Gaspool 6673 5419 6500 5279 173 266 12315 1579 3840
Hungary 411 835 384 779 27 706 4930 640 195
Italy 3543 2888 3318 2705 225 677 12267 895 1993
Netherlands - TTF 1049 7107 1013 6861 36 358 1477 1294 5813
Poland 556 5725 548 5641 8 148 971 5154 571
Portugal 23 6362 10 2712 13 13457 36 000 6362
Slovakia 1318 4203 1275 4068 42 331 3135 505 3698
Spain 1090 3422 1076 3379 14 129 3186 3245 177
Great Britain - NBP 2559 5610 2523 5531 36 143 4562 300 5310
Total 30756 4174 29811 4046 944 128 73678 1434 2741
excluding strategic stocks
Injections down as stocks offset disruptionsThere was a small dip in storage injections in the week to Monday with a couple of planned and some unexpected outages meaning withdrawals were required at times to meet demand Overall stocks remain relatively full and all European sites combined held about 308 billion cubic metres (bcm) at the start of the week
Aggregated facilities across Europe are just under 42 full which is up 27 percentage points compared to the same date last year
In Germany there was a decrease in gas being added to sites despite little change in prompt to front-winter spreads at both the hubs in the country The drop in injections at German sites was partially driven by a change in flow profiles Dutch exports to Germany were lower for in a couple of sessions and on two days Germany exported more to the Netherlands than the other way
Despite the fall the country led Europe in terms of the overall volume of gas added to sites
The second largest amount of gas was injected in Italy The PSV Day-ahead was on average euro3075MWh cheaper than the front season over the week providing the economic incentive to replenish stocks There is also a government requirement for certain quanti-ties to be added to facilities in the country
An unplanned Norwegian outage over the week mainly affected flows towards Britain and planned technical work at the Teesside processing plant also disrupted sup-plies This meant that medium-range stocks were relied upon to balance the system on several sessions and volumes in store at these sites were down in the days to Friday 11 April before being refilled over the weekend that followed
There was also less gas coming to Britain from the Netherlands reducing quantities available for storage
There was a slight decrease in injections in Francersquos PEG Nord zone which was mainly because of technical restrictions at a couple of facilities The Day-ahead to front-winter discount actually widened slightly at the hub over the week and this could lead to a jump in gas being added to reserves in the coming sessions if the spread remains Ben Samuel
Storage levels do not include strategic stocks in Hungary Italy Poland Portugal and Spain All data refers to the start of the Gas Day on Tuesday with the exception of Britain where data refers to the start of the Gas Day on Monday The data is aggregated at a national level and market area level by ICIS for the daily European Gas Fundamentals report
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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Vice President of Sales Douglas Strien +44 20 7911 1919
energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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Head of Design and ProductionAlexis Rendell
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
15GLM 1016 | 17 April 2014 | wwwiciscomenergy
Stocks
US STOCKS
WORKING GAS IN US UNDERGROUND STORAGE (BILLION CUBIC FEET)
Region Week 15 Week 14Change
Year ago
weekChange
5-Year
AverageChange
East 311 305 197 662 -53 771 -597
West 168 160 500 336 -50 300 -44
Producing 371 361 277 701 -471 789 -53
Total 850 826 291 1700 -50 1860 -543Source US Department of Energy EIA
Percentage of working capacity 20142013 Five-year average (2009-2013)2014
Billi
on c
ubic
feet
Percentage fullness
Source US DOE EIA
20
30
40
50
60
70
80
5045403530252015105800
1350
1900
2450
3000
3550
4100
US LOWER 48 GAS STOCKS
US stocks post biggest weekly rise of 2014US natural gas stocks rose for a second consecutive week to post the biggest inven-tory rise of 2014 so far in the seven days ended 11 April the Energy Information Administration (EIA) reported in its latest gas storage report
Stocks rose by 24 billion cubic feet (bcf)- or 680 million cubic metres (mcm) - largely because of milder temperatures and reduced heating demand in the western and produc-ing regions However ongoing nuclear power outages continue to keep gas-fired genera-tion demand high capping the extent of the inventory growth
Despite the recent rises stocks remain at their lowest levels since May 2003 Total gas in storage now sits at 850 billion cubic feet half the year ago level and 54 lower than the five year average for this week
But the move came in below most ana-lystsrsquo expectations firing bullish sentiment on the NYMEX natural gas futures market
The warmer-than-average temperature outlook for late April should however mean that larger injections are noted in upcoming EIA reports
A separate market source also indicated that the breakdown in mid-term cargo de-liveries on a monthly basis would be 3 from Shell 1 from BP and 1 from Qatargas
These supply contracts have been sought to replace previous mid-term supply agree-ments with Shell and Switzerland-based trader Vitol which started in 2009 and ex-pired in 2013
Kuwaitrsquos state-owned Kuwait National Petroleum Corp (KNPC) which handles LNG imports on behalf of its parent company KPC has received two spot cargoes to its newly commissioned floating storage and regasifi-cation unit (FSRU) Al-Loughani said
The commissioning cargo arrived from Qatar on 13 March on board the newly built 170000 cubic metre (cbm) Golar Igloo which is now anchored at Kuwaitrsquos Mina Al-Ahmadi port where it will serve as Kuwaitrsquos FSRU for a five-year period
The Golar LNG-operated newbuild will remain at the port during Kuwaitrsquos high demand season and will be free for charter during northeast Asiarsquos peak winter season from December to February
The FSRU is expected to have the ability to regasify approximately 750 million cubic
feet (mcf) or 21 million cubic metresday dur-ing the peak summer season an increase of 200mcfday from the previous FSRU which was operated by US-based trader and ship-owner Excelerate Energy
Kuwait likely to see higher costsThe previous supply deals with Vitol and Shell were indexed to Brent crude with an average slope of about 11 The deals signed at a time of relatively low market prices on the back of the global financial crisis included a flexibility component which allowed KPC to negotiate time-swaps or refuse some cargoes with an advance notice This served well for both suppliers as the spot market peaked rapidly after the Fukushima disaster in Japan in 2011 and both companies could find alternative destinations with much higher net-backs
KPC on the other hand supplemented its mid-term deals with spot volumes purchased from Shell Vitol Gazprom Excelerate Energy and a number of other suppliers The geog-raphies of supply included Nigeria Qatar and European reloads
Under the new mid-term deals Shell is likely to rely on its offtake positions in Qatar
and Nigeria to supply Kuwait while BP is likely to use volumes also sourced from Nige-ria and reload volumes from Spain industry sources said
It is highly unlikely that the new mid-term deals were negotiated at below 15 of crude indexation according to industry sources and likely to involve a fixed component in the formulae
However KPC was understood to be seeking flexibility on the volumes in terms of cancellation and re-scheduling This is because domestic demand mainly driven by power generation and air-conditioning needs tends to fluctuate The country was seeking about 60 cargoes per procurement season ICIS understands
Kuwait is considering building an onshore terminal KNPC granted the front-end engi-neering and design contract to Switzerland-based infrastructure company Foster Wheeler back in March The terminal would start operations in 2020
In 2012 Kuwait consumed 172 billion cubic metres (bcm) of natural gas according to the BP Statistical Review With domestic production of 145bcm the shortfall was met through LNG imports Roman Kazmin
BP and Shell to supply Kuwait with third seller in the wings ❯❯ Continued from page 1
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
Editorial Director Europe amp AmericasStephen Burns +1 713 525 2611 stephenburnsiciscomEditor GLMEdward Cox +44 20 7911 1772 edcoxiciscom
Vice President of Sales Douglas Strien +44 20 7911 1919
energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
16GLM 1016 | 17 April 2014 | wwwiciscomenergy
News Briefs
Petronet launches tender to lease storage capacity Indiarsquos largest LNG importer Petronet LNG has launched a tender to lease out part of the stor-age capacity at its 5mtpa Kochi LNG terminal for an initial period of two years the company said in a statement on 11 April
The company has invited expression of interest (EoI) from experienced LNG suppliers traders and terminal operators for leasing out capacity across its two 182000 cubic meters storage tanks The deadline closes on 30 April after which Petronet will prepare an initial shortlist of interested parties and hold a pre-bid meeting at Kochi in May-June to discuss issues and finalise terms and conditions along with the process and schedule
The utilization charges will be as per inter-national norms and are negotiable Petronet said
The terminal in the state of Kerala is located in a special economic zone and has operated at just 5 of its capacity this year according to a source in the country Its usage however will likely rise once the Kochi-Mangalore pipeline work is completed
Petronetrsquos major shareholders include a variety of state-owned companies (50) as well as the Paris-based portfolio supplier GDF SUEZ (10) and the Asian Development Bank (5) The remaining shares are held by the public insurance companies and mutual funds
Encana sheds LNG for transportation assets US-based Stabilis Energy has purchased a substantial portion of Canadian gas producer Encanarsquos US LNG for fuel assets the acquiring company announced on 14 April
Terms of the transaction which is schedule to close on 30 April were not disclosed
The US subsidiary of Encana Encana Natural Gas Inc (ENGI) is a distributor of LNG fuel for domestic high-horsepower operations Sectors in which ENGI is involved include oilfield services mining rail marine trucking and other industrial applications
Texas-based Stabilis plans to open its first small-scale LNG production facility in George West Texas in January 2015 the company stated The plant which will produce 100000 LNG galday when completed is intended to supply oilfield companies operating in the Eagle Ford shale basin
Encana was formerly a 30 stakeholder in the planned 10mtpa Kitimat LNG export venture in British Columbia Canada but sold its stake to US-based oil and gas major Chevron in late December 2012
Magnolia LNG signs non-binding engineering pact The planned 8mtpa Magnolia LNG export scheme in the US state of Louisiana has signed a preliminary engineering agreement with South Korearsquos SK Engineering and Construction according to the developer LNG Limited
Magnolia LNG a greenfield mid-scale pro-posal in Lake Charles has drawn up a technical services agreement in place with the Korean
engineering procurement and construction (EPC) provider for related activities LNG Limited stated in a 14 April filing to the Australian stock exchange
The two companies will agree to a lump sum turnkey EPC term sheet a nonbinding contract by 30 June SK will also review pre-front end engineering design (pre-FEED) work and complete the full FEED for the project the statement continued
Magnolia LNG is awaiting its non-free trade agreement (non-FTA) export approval from the US Department of Energy (DOE) and is the 19th applicant awaiting consideration The project also must receive its Federal Energy Regulatory Commission (FERC) permitting
LNG Limited has previously targeted a final investment decision by mid-2015
GasLog expands wholly owned fleet with BG buysMonaco-based LNG shipowner GasLog has completed the purchase of three 145000cbm LNG carriers from BG Group and agreed the terms for an additional three identical ships for approximately $468m it said in a statement on 10 April
The move expands GasLogrsquos wholly owned fleet to 18 carriers presently and sets it up for further expansion to 21 carriers when the additional sale agreements are completed in ap-proximately three months a GasLog spokesman told ICIS
GasLog has supervised the construction of all six ships in question and managed them since shipyard delivery in 2006 and 2007
The outright purchase of the ships which includes time charter agreements with BG Group for an average initial period of six years supports GasLogrsquos strategy of consolidation in the LNG carrier market the statement said
These ships will represent approximately $425m of incremental contracted revenue over their initial charter terms and add over $50m of additional annual revenue to GasLogrsquos EBITDA (earnings before interest income and expense taxes depreciation and amortisation)
Outside of the recent agreement the com-pany has six wholly-owned newbuilds due to be delivered over the course of 2014-2016
Lebanonrsquos FSRU award moves up state levelLebanonrsquos Ministry of Energy and Water has moved the decision on the floating storage and regasification unit (FSRU) award to the Lebanese Council of Ministers
ldquoThe final report is almost finished and is being forwarded to the Council of Minister to take decision on the preferred bidderrdquo a minis-try adviser told ICIS
The Ministry had earlier extended the tender deadline for the provision of a FSRU until January 27 due to missing documents
ldquoThe bidding process went very well this time and we have got very competitive pricesrdquo the adviser said
Three companies were involved the most recent tender process which was originally launched back in March 2012 when 13 compa-nies pre-qualified to supply a 125000cbm FSRU
equating to 35mtpa of import capacity by late 2015 or early 2016
The final three companies left in the selec-tion process include US-based FSRU provider Excelerate Energy Oslo-based shipowner Hoegh LNG and a consortium made up of Lebanese energy infrastructure provider Buil-dum Ventures US offshore engineering firm Waller Marine and technology owner Wartsila Hamworthy
Also in parallel is the shortlisting of LNG suppliers to the FSRU The ministry expects to shortlist five companies for a 12-year supply contract starting from the first quarter of 2016
ldquoWe have shortlisted some LNG suppliers and as soon as we get the green light from the ministers we will begin negotiationsrdquo accord-ing to the adviser
ConocoPhillips expects update on Brass LNG saleThe US oil and gas producer ConocoPhillips is expecting an update in the coming weeks on the progress of its 17 stake divestiture in Brass LNG in Nigeria according to a company spokesperson
The update will come in the wake of delays to the completion of its upstream assets to Nigerian-based Oando which had been expected to progress more rapidly than its Brass LNG assets also to the same company
Oando stated on 28 March that the two companies reached an agreement to extend the acquisition of the upstream sales by 30 April ConocoPhillips also stated a similar timeline on its upstream assets in its latest analyst presenta-tion on 10 April
The proposed 10mtpa Brass LNG venture has faced delays to its final investment decision and inflating development costs leading to a protracted asset sale of both LNG and upstream acreage equity ConocoPhillips initially expected to close on its entire Nigerian portfolio for $179bn at the end of 2013 after announcing the decision in December 2012
Petrobras Mitsui to study fourth Brazil LNG terminalBrazilrsquos state energy company Petrobras has signed a memorandum of understanding (MoU) with Japanese commodity trader Mitsui and the regional government of Rio Grande do Sul state to study the development of a LNG regasifica-tion terminal in Brazilrsquos far south
Through the agreement Petrobras Mitsui and the regional government will evaluate the technical and economic feasibility of install-ing an import terminal on the coast of Brazilrsquos southernmost state Petrobras said in a 15 April statement
Petrobras currently operates three floating storage and regasification unit (FSRU) import terminals along Brazilrsquos coastline at Pecem Salvador and Rio de Janiero and a fourth LNG terminal in the south of the country has been previously considered
Several gas-fired power plants are located in southern Brazil including the 630MW Uruguai-ana power plant in Rio Grande do Sul which has been used intermittently since early 2013 in order to cover falling hydroelectric generation
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
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19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
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20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
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ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
17GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯
The price competitiveness of coal against LNG
is under scrutiny by Japanese buyers
Japanrsquos clean coal comes at a cost
With nuclear power plant restarts still un-certain and high Asian LNG prices taking their toll on importersrsquo current accounts Japan now seems determined to bring coal back to the core of its long-term energy mix
The countryrsquos cabinet on 11 April approved a new basic energy plan which defines coal and nuclear power as the key baseload sourc-es of power generation and relegates natural gas in the form of LNG to an intermediate load-source status
ldquoCoal-fired power generation is a stable safe and cost-effective source of power sup-plyrdquo stated the plan which was drafted in December 2013 and released by the Japanese Ministry of Economy Trade and Industry (METI) for approval last month
The current economic benefit of coal as a power generation source is clear across global markets with gas priced out of the mix ndash no-tably in Europe
But an increase in LNG imports into Ja-pan from the US later in the decade and the prospect of a more liberalised Japanese power sector could still bolster demand for gas-fired generation
Japanrsquos latest energy plans come amid growing global concerns about the environ-mental footprint of coal mining and usage with coal-fired generation considered to be one of the biggest sources of man-made greenhouse gas emissions
Two days after the approval of Japanrsquos plan the United Nationsrsquo Intergovernmental Panel on Climate Change (IPCC) released its Fifth Assessment Report on climate change urging countries to rapidly substitute carbon-
intensive fuels such as crude oil and coal with renewable sources and natural gas for power generation in order to mitigate the impact of global warming
But the Japanese government claims to have found a way to continue doing business as usual while tackling environmental chal-lenges by deploying technologies that reduce the release of air pollutants from its coal-fired power stations
According to the plan government poli-cies will be directed at replacing old thermal power plants and promoting the development and commercialisation of the latest coal-fired power generation technology in Japan and overseas to improve efficiency and reduce emissions
LNG holds advantageWhile constant improvements in technology have reduced many of the environmental impacts traditionally associated with the use of coal in electricity generation the high cost of coal-fired power technology and production is likely largely to offset the fuelrsquos competitive advantage against natural gas in the Japanese market said Tony Regan an analyst at Singapore-based consultancy Tri-Zen International
ldquoWe have also seen coal prices coming up The US is exporting but consumption is also growing so prices are recovering With coal you also need a huge coal storage yard in a country where land is scarce and expensiverdquo said Regan
The price-competitiveness of coal against LNG has naturally been a factor taken into
DEN
KO
U IM
AG
ESREX FEA
TURES
Despite environmental concerns the Japanese coal generation sector looks to be on the rise But could the prospect of cheaper LNG and market liberalisation offset the governmentrsquos bullish coal view
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Back to contents
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
18GLM 1016 | 17 April 2014 | wwwiciscomenergy
Focus
❯❯ consideration by Japanese buyers in their supply and demand projections This has led to a wide variety of possible import demand projections
Tokyo Gas which aims to more than double its natural gas-fired power generation capacity between 2012 and 2020 said LNG demand estimates depend on the assumption of two specific Japanese market scenarios
In the first scenario the company sees LNG demand in Japan increasing to 100mtpa by 2030 mainly driven by a decline in nuclear capacity and the increasing competitiveness of LNG prices against coal and oil
In the second scenario Tokyo Gas sees LNG demand decreasing to 60mtpa over the same period ndash a fall of almost 30mtpa from 2013 driven by the continuation of high oil-indexed LNG prices
As utilities come under pressure to cut fuel procurement costs the share of coal and renewables in the countryrsquos energy mix would in this way continue to increase while the substitution from crude oil to natural gas will decline said Kunio Nohata Tokyo Gasrsquos Executive Officer and Senior General Manager of Gas Resources
ldquoThere is one condition [for scenario one to materialise] that LNG is competitive to the Japanese market [However] if the price differ-ence between coal and LNG persists [migra-tion to coal] will continuerdquo said Nohata
ldquoWe are positive on LNG prices becoming more competitive because of US LNG That will have a very big impactrdquo
But while current Henry Hub prices make the prospect of imported LNG appealing a rise in US gas prices on increasing LNG exports could mitigate the difference between these and oil-indexed contracts
ldquoFirst the differential will narrow Henry Hub prices will go up and Brent will come down in the traditional oil-linked contracts By 2016 there will not be much price advan-tage or no advantage at allrdquo said Regan
The pricing formulas used by US produc-ers in their long-term contracts vary One of Chenierersquos contract pricing models is under-stood to comprise a 115 of Henry Hub element and a constant of $300MMBtu to which a shipping cost of approximately $450MMBtu would need to be added to Japan
Based on this formula and a Henry Hub price of $400MMBtu delivered ex-ship (DES) prices of US LNG to Japan could be around $1200MMBtu However more bullish indica-tions point to Henry Hub prices at a higher level and Japan DES prices as high as $1500MMBtu The price basis for US LNG exports could still be attractive in five years or could look very different
Liberalisation to boost LNG demandAccording to Japanrsquos energy plan the full liberalisation of the countryrsquos power generation and retail markets is expected to be completed by 2020 with the aim of strengthening the
supply and demand balance increasing flexibility and enhancing competition
Additional reforms in the LNG import and gas distribution network are also to be enforced to encourage the entry of new par-ticipants the full liberalisation of gas sales and increased accessibility to LNG terminals
Trading houses and entrepreneurial com-panies incentivised to enter a more competitive market may favour gas-fired plants because they are more commercially viable and have less of an environmental footprint
The LNG supply and infrastructure is already in place with additional long-term volumes LNG vessels regasification terminals and gas-fired power plants expected to start serving the Japanese market by the end of the decade
Japanese companies have so far secured almost 17mtpa of LNG from the US for delivery starting in the period 2017-2019 while additional contracts are currently being negotiated
ldquoRight now Japan seems to have overcom-mitted to the US If all of those contracts turn into gas sales agreements and all of them come to Japan the US will become the sec-ond-biggest supplier after Australia and I do not think they want to do thatrdquo said Regan
ldquoEither those volumes will not be lifted because that is still an option or they will be traded They have the flexibility to do so and a lot of it is contracted to the trading houses so it does not necessarily have to go to Japanrdquo
Investment in downstream gas-fired power generators is also on the rise
Power utility Kansai Electric (KEPCO) on 19 March started commercial operations at its new unit at the Himeji No 2 power plant in Hyogo prefecture
The unit started four months ahead of schedule following the completion of mainte-nance inspection which was part of KEPCOrsquos broader plans to convert ageing steam-power generation systems into combined cycle gas turbine generation units in order to increase efficiency and reduce emissions A raft of gas-fired capacity is due on line out to 2016
Coal stays in the mixIn many ways Japanese utilities are ahead of policy makers and already expanding their coal-fired power capacity with five new plants expected to be built in Japan by 2020 adding a total of almost 3000MW according to Tokyo Gas
Power utilities Tokyo Electric (TEPCO) and Chubu Electric are among the Japanese energy companies expected to build additional plants including the highly efficient ultra-supercritical (USC) and integrated coal gasification com-bined cycle (IGCC) plants
Financial institutions in Japan continue to support investment in upstream coal develop-ments overseas to meet the long-term energy demand of the resource-poor country
The Japan Bank for International Coopera-tion (JBIC) the international subsidiary of the Japan Financial Corporation (JFC) together with other national and international financial institutions has continued to fund invest-ments in upstream mines and power plants not only to import coal into Japan but also to meet the energy requirements of Japanese companies overseas
About half of the thermal coal produced in Australiarsquos Minerva coal mine in Queens-land which the JBIC has directly financed is sold to Japanese power utilities and cement manufacturers through long-term contracts In Colombia the worldrsquos fourth-largest exporter of coal JBIC has also financed coal mines and transport infrastructure assets in order to se-cure additional energy supplies for Japan
Since the 2011 earthquake and the nuclear shutdowns that followed Japanrsquos dependency on fossil fuels as a source of power generation has increased from 60 to 90 according to the energy plan
Imports of coal to Japan in 2013 were up by 35 from 2012 and 18 from 2009
Nuclear restarts remain uncertainDespite the central governmentrsquos support for making nuclear power a key baseload source for power generation the restart of Japanrsquos nuclear reactors which used to account for approximately 30 of Japanrsquos power generation capacity remains uncertain as the facilities have yet to pass the Nuclear Regulation Authorityrsquos (NRA) strict safety assessments and receive restart approval by their local governments
The NRA is currently assessing whether Japanese utility Kyushu Electric Powerrsquos No 1 and 2 nuclear reactors at the Sendai plant will be the first facilities to go through priority screening one of the assessmentrsquos final stages after having completed a comprehensive tsu-nami and earthquake review in March
However it remains unclear when and whether these reactors will pass the strict safety checks an NRA spokesperson said last week A lack of nuclear output will keep both coal- and gas-fired generation in demand
The agency has received a total of 17 applications for safety checks which involve a number of tasks including evaluating the reactorsrsquo response to possible severe accidents and assessing whether geological faults un-derneath nuclear plants are active ndash a factor that would result in a permanent shutdown of a plant Abache Abreu
Market reforms are meant to encourage the
entry of new participants
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Tanker Movements
Back to contents
19GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
LNG PORTOVENERE Oran Algeria Bethioua 24042014 0800 16042014 2042 2 EXMAR SHIPMANAGEMENT NV
LARBI BEN MHIDI Bejaia Algeria Aliaga 22042014 1000 16042014 2042 128 HYPROC SHIPPING CO
AL THAKHIRA Dellys Algeria Mediterranean Sea 21042014 0200 16042014 1557 178 K LINE LNG SHIPPING UK LTD
CHEIKH EL MOKRANI Bejaia Algeria Skikda 17042014 1000 16042014 1557 109 HYPROC SHIPPING CO
MOURAD DIDOUCHE Mostaganem Algeria Arzew 17042014 0700 17042014 0957 36 HYPROC SHIPPING CO
BERGE ARZEW Mostaganem Algeria Arzew 11042014 2000 12042014 1329 22 BW GAS AS
SOYO Kuito Offshore Terminal
Angola Atlantic Basin 23032014 1200 12042014 1329 45 ANGOLA LNG SUPPLY SERVICES LLC
LNG EDO Falmouth Antigua and Barbuda West Africa 26042014 1700 16042014 2042 146 NIGERIA LNG LTD
SCF ARCTIC Escobar Argentina Point Fortin 02052014 0730 17042014 0956 101 UNICOM MANAGEMENT SERV-CYP
BRITISH MERCHANT Bahia Blanca Argentina For Orders 28032014 1900 16042014 2042 0 BP SHIPPING LTD
LNG LAGOS Marsh Harbour Bahamas West Africa 01052014 0200 16042014 2042 113 STASCO SHIP MANAGEMENT
AL KARAANA Nassau Bahamas Algeciras 15042014 0200 17042014 0956 195 STASCO SHIP MANAGEMENT
LNG LIBRA Rio Grande Brazil Point Fortin 24042014 2000 17042014 0957 156 HOEGH UK
BRITISH EMERALD Rio de Janeiro Brazil Atlantic 23042014 1400 16042014 1557 42 BP SHIPPING LTD
METHANE MICKIE HARPER Rio de Janeiro Brazil Atlantic Basin 19042014 1700 17042014 0957 165 CERES LNG SERVICES LTD
EXCELSIOR Aratu Brazil North Atlantic 16042014 0201 14042014 1125 152 EXMAR MARINE NV
WILGAS Maceio Brazil Pecem 29032014 1800 16042014 2042 123 AWILCO LNG ASA
EXQUISITE Rio de Janeiro Brazil South Atlantic 19032014 1700 17042014 0935 0 EXMAR MARINE NV
BW GDF SUEZ BOSTON Canaport Canada 13042014 0200 14042014 1125 148 BW GAS AS
CELESTINE RIVER Mindelo Cape Verde Atlantic Ocean 24042014 0800 17042014 0956 208 K LINE LNG SHIPPING UK LTD
ARCTIC VOYAGER Mindelo Cape Verde Bahia Blanca 22042014 1000 17042014 0956 187 K LINE LNG SHIPPING UK LTD
AL KHARSAAH Suez Egypt Milford Haven 27042014 0100 16042014 1557 86 TEEKAY SHIPPING GLASGOW LTD
AL NUAMAN Ras Sudr Egypt Mediterranean 17042014 0200 14042014 1125 0 STASCO SHIP MANAGEMENT
LALLA FATMA NrsquoSOUMER Suez Egypt Suez 16042014 1100 17042014 0935 9 HYPROC SHIPPING CO
GASLOG SINGAPORE Punta Europa Equatorial Guinea Punta Europa 16042014 0700 16042014 2143 0 CERES LNG SERVICES LTD
GASLOG SANTIAGO Luba Equatorial Guinea Pacific Basin 16032014 0800 16042014 1557 137 GasLog Ltd
GALICIA SPIRIT Fos-sur-Mer France Fos 16042014 0600 16042014 1736 0 TEEKAY SHIPPING GLASGOW LTD
LNG BENUE Banjul Gambia Bonny 02052014 0900 17042014 0957 81 BW GAS AS
ARCTIC PRINCESS Cobh Ireland El Ferrol 18042014 0600 16042014 2143 129 HOEGH UK
MILAHA QATAR Valletta Malta Port Said 19042014 1900 17042014 0935 151 PRONAV SHIP MANAGEMENT GMBH
AL SAHLA Marsaxlokk Malta Malta 17042014 0200 17042014 0956 02 NYK LNG UK
LNG CAPRICORN Marsaxlokk Malta Malta 16042014 0530 17042014 0956 08 MOL LNG TRANSPORT EUROPE LTD
AAMIRA Mgarr Malta NW Europe 16042014 0200 16042014 2133 156 STASCO SHIP MANAGEMENT
GRACE COSMOS Valletta Malta Marsaxlokk 14042014 1630 16042014 1557 118 GAZOCEAN SA
GALLINA Lazaro Cardenas Mexico Pampa 23042014 0900 12042014 1329 152 STASCO SHIP MANAGEMENT
SEVILLA KNUTSEN Lazaro Gardenas Mexico Manzanillo 20042014 0900 16042014 2042 154 KNUTSEN OAS SHIPPING AS
IBERICA KNUTSEN Mohammedia Morocco Point Fortin 24042014 1400 14042014 1125 175 KNUTSEN OAS SHIPPING AS
COOL VOYAGER Kenitra-Mehdia Morocco Cartagena 20042014 0201 16042014 2042 58 THENAMARIS SHIPS MANAGEMENT
STENA BLUE SKY Tanger Morocco Atlantic Basin 17042014 1830 14042014 1125 162 STENA BULK AB
STENA CLEAR SKY Walvis Bay Namibia West Africa 25042014 0800 16042014 1557 163 STENA BULK AB
BRITISH TRADER Stellendam Netherlands Rotterdam 16042014 2200 12042014 1329 0 BP SHIPPING LTD
LNG LOKOJA Bonny Nigeria Mina Al Ahmadi 05052014 0900 16042014 2143 07 BW GAS AS
ARCTIC LADY Kristiansund Norway Hammerfest 14042014 0900 17042014 0957 85 HOEGH UK
ARCTIC DISCOVERER Hammerfest Norway Hammerfest 08042014 1100 16042014 2042 03 K LINE LNG SHIPPING UK LTD
EXCALIBUR Sagres Portugal South Atlantic 28042014 1000 17042014 0957 155 EXMAR UK SHIPPING CO LTD
MADRID SPIRIT Ponta Delgada Portugal Bilbao 20042014 0900 16042014 1736 157 TEEKAY SHIPPING GLASGOW LTD
AL DEEBEL Peniche Portugal Zeebrugge 20042014 0145 16042014 1736 144 MOL LNG TRANSPORT EUROPE LTD
GALEA Cascais Portugal Murgados 18042014 0201 16042014 2143 121 STASCO SHIP MANAGEMENT
AL SADD Sagres Portugal Atlantic Basin 16042014 0600 16042014 2143 164 QATARGAS LIQUEFIED GAS CO LTD
LNG FINIMA Guayama Puerto Rico West Africa 08052014 1200 16042014 2143 168 NIGERIA LNG LTD
LNG BONNY Dakar Senegal West Africa 20042014 0700 16042014 2143 91 STASCO SHIP MANAGEMENT
GASLOG SEATTLE Freetown Sierra Leone Atlantic Basin 21042014 0030 16042014 2042 99 CERES LNG SERVICES LTD
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
ATLANTIC BASIN
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Tanker Movements
Back to contents
20GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ATLANTIC BASIN
METHANE SPIRIT Freetown Sierra Leone Cape Town 18042014 1200 14042014 1125 174 TEEKAY SHIPPING GLASGOW LTD
LNG RIVERS Freetown Sierra Leone West Africa 15042014 0200 16042014 1736 174 NIGERIA LNG LTD
LNG PORT HARCOURT Freetown Sierra Leone West Africa 13042014 0300 17042014 0935 144 STASCO SHIP MANAGEMENT
LNG ONDO Isla Cristina Spain Bonny 12052014 1600 17042014 0956 123 BW GAS AS
LNG BAYELSA Arinaga Spain Bonny 03052014 1100 16042014 2042 15 NIGERIA LNG LTD
SERI BEGAWAN Corcubion Spain Brazil 30042014 0900 14042014 1125 165 MISC BHD
GRACE DAHLIA Cadiz Spain Suez Canal 23042014 2000 17042014 0935 151 NYK SHIPMANAGEMENT LTD
HISPANIA SPIRIT Barbate Spain Point Fortin 22042014 0730 17042014 0935 125 TEEKAY SHIPPING GLASGOW LTD
METHANIA Barcelona Spain Algeciras 19042014 1000 16042014 1557 0 EXMAR MARINE NV
GDFSUEZ GLOBAL ENERGY Sagunto Spain Sagunto 18042014 0600 14042014 1125 0 GDF SUEZ
LIJMILIYA Almerimar Spain Persian Gulf 17042014 0200 16042014 2143 184 STASCO SHIP MANAGEMENT
CHEIKH BOUAMAMA Mahon Spain Skikda 16042014 1200 14042014 1125 159 HYPROC SHIPPING CO
RIBERA DUERO KNUTSEN Cartagena Spain Cartagena 16042014 0900 16042014 2143 0 KNUTSEN OAS SHIPPING AS
RAMDANE ABANE Huelva Spain Huelva 16042014 0400 16042014 2042 0 HYPROC SHIPPING CO
GEMMATA Cadiz Spain Gibraltar 15042014 0800 16042014 1557 01 STASCO SHIP MANAGEMENT
MOSTEPHA BEN BOULAID El Ferrol Spain El Ferrol 03032014 1130 17042014 0935 HYPROC SHIPPING CO
LNG ABUJA Spain Las Palmas 21042014 0900 16042014 1736 NIGERIA LNG LTD
GOLAR GRAND Charlotteville Trinidad amp Tobago Pacific Basin 26042014 1300 17042014 0957 176 GOLAR MANAGEMENT UK
POLAR SPIRIT Charlotteville Trinidad amp Tobago Recalada 25042014 0501 14042014 1125 148 TEEKAY SHIPPING GLASGOW LTD
EXPEDIENT Charlotteville Trinidad amp Tobago South Atlantic 19042014 1400 16042014 1557 147 EXMAR MARINE NV
SESTAO KNUTSEN Port of Spain Trinidad amp Tobago Recalada 16042014 0500 17042014 0935 151 KNUTSEN OAS SHIPPING AS
ARCTIC SPIRIT Carenage Trinidad amp Tobago Point Fortin 15042014 1400 12042014 1329 0 TEEKAY SHIPPING GLASGOW LTD
GASLOG SYDNEY Guayaguayare Trinidad amp Tobago Atlantic Basin 15042014 0800 17042014 0956 174 CERES LNG SERVICES LTD
BRITISH RUBY Charlotteville Trinidad amp Tobago Port Of Spain 11042014 1400 17042014 0957 185 BP SHIPPING LTD
LNG SOKOTO Charlotteville Trinidad amp Tobago West Africa 06042014 0200 12042014 1329 159 NLNG SHIP MANAGEMENT LTD
BACHIR CHIHANI Tekirdag Turkey Gelebulu 17042014 0530 16042014 2042 98 HYPROC SHIPPING CO
UMM SLAL Penzance UK Port Said 23042014 1700 17042014 0956 189 STASCO SHIP MANAGEMENT
GRACE BARLERIA Gibraltar UK Algeciras 17042014 1000 14042014 1125 31 NYK LNG UK
TANGGUH HIRI Monterey US Celebes Sea 28042014 1000 16042014 2143 187 TEEKAY SHIPPING GLASGOW LTD
LNG PIONEER Punta del Este Uruguay Gibraltar 05042014 1100 16042014 1557 131 MOL LNG TRANSPORT EUROPE LTD
VALENCIA KNUTSEN Porlamar Venezuela Altamira 17042014 1500 14042014 1125 20 KNUTSEN OAS SHIPPING AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen
Speed Knots Vessel Operator
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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energysalesiciscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Tanker Movements
Back to contents
21GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
ASIA-PACIFIC BASIN
LNG EBISU Port Hedland Australia Himeji 27042014 0900 17042014 0935 183 MITSUI OSK LINES LTD
NORTHWEST SNIPE Point Samson Australia Japan 26042014 1730 12042014 1329 161 SHELL TANKERS AUS PTY LTD
NORTHWEST SANDERLING Point Samson Australia Japan 26042014 0200 17042014 0957 133 SHELL TANKERS AUS PTY LTD
PACIFIC NOTUS Darwin Australia Chiba 24042014 0245 17042014 0956 173 NYK SHIPMANAGEMENT LTD
METHANE SHIRLEY ELISABETH
Point Samson Australia Korea 23042014 0900 16042014 2143 162 CERES LNG SERVICES LTD
DAPENG MOON Dampier Australia Shenzhen 22042014 0400 17042014 0957 168 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE ROGERS Dampier Australia Himeji 21042014 0500 16042014 1736 167 MARAN GAS MARITIME INC
NORTHWEST SHEARWATER Point Samson Australia Yanai 20042014 2340 16042014 1557 151 BP SHIPPING LTD
ENERGY PROGRESS Point Samson Australia Yokohama 20042014 1130 16042014 2042 15 MITSUI OSK LINES LTD
METHANE HEATHER SALLY
Dampier Australia Far East 18042014 0800 16042014 1557 146 CERES LNG SERVICES LTD
DAPENG STAR Dampier Australia Dampier 18042014 0400 16042014 2143 193 CHINA LNG INTERNATIONAL CO LTD
WOODSIDE GOODE Dampier Australia Dampier 16042014 1000 16042014 2143 01 MARAN GAS MARITIME INC
METHANE NILE EAGLE Valparaiso Chile Pacific South 11052014 0600 16042014 1736 17 CERES LNG SERVICES LTD
METHANE JANE ELIZABETH Puerto Percy Chile Bonny 29042014 0800 12042014 1329 126 CERES LNG SERVICES LTD
METHANE KARI ELIN Valparaiso Chile North Pacific Basin 21042014 1400 17042014 0957 111 CERES LNG SERVICES LTD
BRITISH INNOVATOR Antofagasta Chile Chile 18042014 1400 17042014 0935 188 BP SHIPPING LTD
METHANE RITA ANDREA Puerto Percy Chile Pacific Basin 04042014 0900 17042014 0956 182 CERES LNG SERVICES LTD
BU SAMRA Shipuzhen China Middle East 29042014 1400 17042014 0956 141 STASCO SHIP MANAGEMENT
ARWA SPIRIT Taohua China Balhaf 29042014 0930 16042014 1557 181 MAERSK LNG AS
PUTERI ZAMRUD SATU Taohua China Bintulu 24042014 0615 14042014 1125 132 MISC BHD
DAPENG SUN Guandong Terminal China Dapeng 09042014 0400 12042014 1329 155 CHINA LNG INTERNATIONAL CO LTD
AL KHARAITIYAT Guandong Terminal China 14042014 1125 117 STASCO SHIP MANAGEMENT
AL GHARRAFA Port Said Egypt Port Said 16042014 1800 14042014 1125 02 QATAR GAS TRANSPORT - NAKILAT
AL AREESH Ras Sudr Egypt Port Said 15042014 1900 16042014 1557 192 TEEKAY SHIPPING GLASGOW LTD
EXPLORER Massawa Eritrea Indian Ocean 19042014 1800 17042014 0956 155 EXMAR MARINE NV
SUPREME Mangalore India Bhavnagar 10052014 2211 16042014 2143 58 ARGO SYSTEMS FZE
LNG SWIFT Porbandar India Tobata 04052014 0201 17042014 0956 157 NYK SHIPMANAGEMENT LTD
MUBARAZ Porbandar India Kisarazu 29042014 0245 17042014 0956 192 National Gas Shipping Company Ltd (NGSCO)
HANJIN SUR Cannanore India Armed Guard Onboard
28042014 0600 16042014 1557 186 HANJIN SHIPPING CO LTD
SK SUNRISE Kozhikode India Pyeongtaek 27042014 0400 17042014 0957 201 IINO MARINE SERVICE CO LTD
AL SHAMAL Cannanore India Armed Guards On Board
24042014 0100 16042014 2042 183 TEEKAY SHIPPING GLASGOW LTD
TAITAR NO4 Jakhau India Ras Laffan 20042014 2300 17042014 0935 146 NIMIC SHIP MANAGEMENT CO LTD
DOHA Okha India Ras Laffan 19042014 0400 14042014 1125 181 NYK SHIPMANAGEMENT LTD
ASEEM Veraval India Dahej 17042014 1330 17042014 0935 112 SCI
UMM AL AMAD Dahej India Dahej 17042014 0201 17042014 0957 0 K LINE LNG SHIPPING UK LTD
AL SHEEHANIYA Jakhau India Gulf Of Oman 17042014 0200 14042014 1125 181 STASCO SHIP MANAGEMENT
LNG RIVER ORASHI Banda Aceh Indonesia Bonny 05092014 1014 16042014 2143 146 BW GAS AS
MERIDIAN SPIRIT Banda Aceh Indonesia Europe 18052014 1000 17042014 0957 14 TEEKAY SHIPPING GLASGOW LTD
CLEAN FORCE Banda Aceh Indonesia Atlantic Basin 04052014 0800 17042014 0935 17 DYNAGAS LTD
LNG OGUN Banda Aceh Indonesia Bonny 04052014 0630 12042014 1329 118 NYK LNG UK
EXCEL Tanjung Uban Indonesia Alaska 02052014 0201 16042014 2143 159 EXMAR SHIPMANAGEMENT NV
AL WAKRAH Banda Aceh Indonesia Nagoya 25042014 0800 16042014 2143 179 MITSUI OSK LINES LTD
EJNAN Banda Aceh Indonesia Ras Laffan 24042014 1400 16042014 2143 149 NYK LNG UK
AL BIDDA Banda Aceh Indonesia Ras Laffan 24042014 1100 16042014 2042 175 MITSUI OSK LINES LTD
IBRI LNG Tanjung Uban Indonesia Tokyo 24042014 1000 17042014 0935 138 OMAN SHIP MANAGEMENT CO SAOC
AL DAFNA Banda Aceh Indonesia Middle East 24042014 0800 16042014 2143 189 STASCO SHIP MANAGEMENT
AL GHUWAIRIYA Tanjung Uban Indonesia China 24042014 0800 12042014 1329 157 STASCO SHIP MANAGEMENT
WILFORCE Tanjung Uban Indonesia Tongyeong 24042014 0300 17042014 0935 124 AWILCO LNG ASA
TAITAR NO3 Banda Aceh Indonesia Taichung 24042014 0000 16042014 1557 161 NIMIC SHIP MANAGEMENT CO LTD
MURWAB Banda Aceh Indonesia Fujairah 23042014 1400 14042014 1125 187 MITSUI OSK LINES LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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energysalesiciscom
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Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Tanker Movements
Back to contents
22GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
LNG AKWA IBOM Suralaya Indonesia Pyeongtaek 23042014 0800 17042014 0956 166 NIGERIA LNG LTD
AL AAMRIYA Tanjung Uban Indonesia Japan 23042014 0630 14042014 1125 132 MITSUI OSK LINES LTD
LNG JAMAL Batu Ampar Indonesia Himeji 23042014 0200 17042014 0956 156 NYK SHIPMANAGEMENT LTD
SURYA SATSUMA Tanjung Bara Coal Terminal
Indonesia Hiroshima 22042014 2245 17042014 0956 156 HUMOLCO TRANS INC
AL RUWAIS Banda Aceh Indonesia Fujairah 22042014 0600 17042014 0957 181 PRONAV SHIP MANAGEMENT GMBH
KFREESIA Tanjung Uban Indonesia Incheon 22042014 0500 16042014 2143 163 KOREA LINE CORP
AL RAYYAN Tanjung Uban Indonesia Senboku 22042014 0000 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
IBRA LNG Banda Aceh Indonesia Qalhat 21042014 2000 16042014 1557 205 OMAN SHIP MANAGEMENT CO SAOC
AL HAMRA Tanjung Uban Indonesia Tokyo 21042014 0245 16042014 2042 184 National Gas Shipping Company Ltd (NGSCO)
AL SAFLIYA Banda Aceh Indonesia Fujairah 20042014 1700 12042014 1329 164 PRONAV SHIP MANAGEMENT GMBH
NIZWA LNG Banda Aceh Indonesia Fujairah 20042014 1300 17042014 0935 153 OMAN SHIP MANAGEMENT CO SAOC
LNG BORNO Tanjung Uban Indonesia Senboku 20042014 0900 12042014 1329 173 NYK LNG UK
UMM BAB Tanjung Uban Indonesia Taizhou 20042014 0800 12042014 1329 153 MARAN GAS MARITIME INC
STX KOLT Tanjung Uban Indonesia Tongyeong 20042014 0400 16042014 2042 188 STX POS SHIP MANAGEMENT CO
SERI ANGKASA Suralaya Indonesia Oita 20042014 0200 17042014 0957 17 MISC BHD
METHANE JULIA LOUISE Cigading Indonesia Indian Ocean 19042014 0200 16042014 2042 85 CERES LNG SERVICES LTD
PACIFIC ENLIGHTEN Tanjung Uban Indonesia Dampier 19042014 0100 12042014 1329 174 NYK SHIPMANAGEMENT LTD
EKAPUTRA Tanjung Bara Coal Terminal
Indonesia Himeji 19042014 0000 16042014 1736 14 PT HUMPUSS INTERMODA TRANSPORTASI TBK
AL KHUWAIR Batu Ampar Indonesia Map Ta Phut 18042014 0800 16042014 2143 139 TEEKAY SHIPPING GLASGOW LTD
ARCTIC AURORA Tanjung Uban Indonesia China 18042014 0800 17042014 0935 151 DYNAGAS LTD
GOLAR CELSIUS Tanjung Uban Indonesia East Opl Anchorage 16042014 1800 17042014 0957 134 golar lng ltd
SHAGRA Banda Aceh Indonesia Far East 16042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
MALANJE Tanjung Uban Indonesia Labuan 15042014 1400 17042014 0956 133 NYK LNG UK
LNG AQUARIUS Jakarta Indonesia Jakarta 15042014 0400 14042014 1125 0 HANOCHEM SHIPPING PT
BRITISH SAPPHIRE Banda Aceh Indonesia Singapore Port 10042014 1300 16042014 2143 19 BP SHIPPING LTD
LNG VESTA Tanjung Uban Indonesia East Johor Opl 09042014 1230 16042014 1557 149 MITSUI OSK LINES LTD
LNG TAURUS Tanjung Uban Indonesia High Sea 27032014 2100 14042014 1125 146 MOL LNG TRANSPORT EUROPE LTD
SOHAR LNG Batu Ampar Indonesia Singapore 07032014 1130 16042014 2143 145 OMAN SHIP MANAGEMENT CO SAOC
KOTOWAKA MARU Batu Ampar Indonesia Labuan Malaysia 26042009 1900 16042014 1557 BW FLEET MANAGEMENT AS
AL MARROUNA Kish Island Iran Suez 24042014 2100 12042014 1329 173 TEEKAY SHIPPING GLASGOW LTD
RAAHI Chabahar Iran Dahej 18042014 0734 17042014 0935 183 SCI
GOLAR ARCTIC Omaezaki Japan South Atlantic Bsn 21052014 0200 16042014 2042 115 GOLAR MANAGEMENT UK
NEO ENERGY Komatsushima Japan Japan 18052014 0000 16042014 1557 147 TSAKOS COLUMBIA SHIPMANAGEMENT
AMAN BINTULU Tobo Japan Bintulu 03052014 0600 14042014 1125 119 MISC BHD
OB RIVER Tateyama Japan Prigorodnoye 02052014 1145 16042014 2042 123 DYNAGAS LTD
AL KHAZNAH Miura Japan Kisarazu 02052014 0500 16042014 2042 152 National Gas Shipping Company Ltd (NGSCO)
PACIFIC EURUS Tateyama Japan Bintulu 30042014 0400 16042014 2143 123 NYK SHIPMANAGEMENT LTD
ENERGY HORIZON Tateyama Japan Dampier 29042014 0000 16042014 1557 119 NIPPON YUSEN KAISHA
ECHIGO MARU Naha Japan Das Island 28042014 1600 17042014 0957 163 NYK SHIPMANAGEMENT LTD
ZEKREET Gushikawa Japan Ras Laffan 26042014 0500 16042014 1557 194 KAWASAKI KISEN KAISHA LTD
NORTHWEST STORMPETREL Tateyama Japan Dampier 26042014 0200 17042014 0935 123 SHELL TANKERS AUS PTY LTD
DWIPUTRA Kanazawa Japan Bontang 25042014 0900 16042014 2042 135 PT HUMPUSS INTERMODA TRANSPORTASI TBK
NORTHWEST SEAEAGLE Shimoda Japan Singapore Port 24042014 0200 16042014 1736 14 SHELL TANKERS AUS PTY LTD
PUTERI FIRUS Ryotsu Japan Bintulu 23042014 1400 16042014 2042 189 MISC BHD
AMAN SENDAI Tateyama Japan Bintulu 23042014 0600 16042014 1557 13 MISC BHD
NORTHWEST SWALLOW Miyazaki Japan Dampier 23042014 0100 17042014 0956 124 MITSUI OSK LINES LTD
AL GHARIYA Shimotsu Japan Singapore 22042014 0930 17042014 0956 181 PRONAV SHIP MANAGEMENT GMBH
AL REKAYYAT Aburatsu Japan Futtsu 22042014 0200 16042014 2042 37 STASCO SHIP MANAGEMENT
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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energysalesiciscom
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Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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Head of Design and ProductionAlexis Rendell
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The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Tanker Movements
Back to contents
23GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
GRAND MEREYA Ryotsu Japan Naoetsu 21042014 1030 16042014 2143 134 MITSUI OSK LINES LTD
GRAND ANIVA Tateyama Japan Prigorodnoye 21042014 0800 16042014 2042 134 UNICOM MANAGEMENT SERV-CYP
SERI AYU Shimoda Japan Bintulu 21042014 0730 16042014 2143 195 MISC BHD
LNG BARKA Kochi Japan Singapore Port 20042014 1030 17042014 0935 188 NYK LNG UK
SONANGOL SAMBIZANGA Susaki Japan Singapore 20042014 0800 16042014 1736 146 SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA EP
(SONANGOL)
PUTERI MUTIARA SATU Naha Japan Bintulu 20042014 0730 16042014 1736 161 MISC BHD
NORTHWEST SANDPIPER Toyohashi Japan Dampier 20042014 0100 16042014 2143 157 SHELL TANKERS AUS PTY LTD
ENERGY ADVANCE Wakkanai Japan Ishikariwan 19042014 1100 12042014 1329 9 MITSUI OSK LINES LTD
LNG IMO Gushikawa Japan Singapore Port 19042014 0900 12042014 1329 161 BW GAS AS
SUN ARROWS Shichirui Japan Prigorodnoye 19042014 0200 17042014 0957 131 MITSUI OSK LINES LTD
BELANAK Nishinoomote Japan Japan 19042014 0100 16042014 2143 178 STASCO SHIP MANAGEMENT
FUJI LNG Toyohashi Japan Yura Anchorage 18042014 1730 16042014 2042 214 TMS CARDIFF GAS LTD
GRAND ELENA Wakkanai Japan Prigorodnoye 18042014 1100 17042014 0957 99 NYK SHIPMANAGEMENT LTD
ENERGY NAVIGATOR Ishikawa Japan Yokohamaku 18042014 0230 17042014 0935 161 MITSUI OSK LINES LTD
GASLOG SAVANNAH Naha Japan Pacific Basin 17042014 1801 17042014 0935 181 CERES LNG SERVICES LTD
KAKUREI MARU Ichihara Japan Chiba 17042014 1130 14042014 1125 0 TSURUMI SUNMARINE CO LTD
SHINJU MARU NO2 Himeji Japan Himeji 17042014 1130 17042014 0956 02 SHINWA CHEMICAL TANKER KK
NORTH PIONEER Hakodate Japan Hakodate 17042014 0930 16042014 2042 01 IINO GAS TRANSPORT CO LTD
PUTERI NILAM SATU Shimoda Japan Bintulu 17042014 0700 12042014 1329 19 MISC BHD
GHASHA Kisarazu Japan Yokhamaku 17042014 0300 17042014 0935 0 National Gas Shipping Company Ltd (NGSCO)
ENERGY FRONTIER Yokohama Japan Yokohamaku 17042014 0030 14042014 1125 0 MITSUI OSK LINES LTD
SURYA AKI Osaka Japan Senboku 16042014 2330 12042014 1329 01 PT HUMPUSS INTERMODA TRANSPORTASI TBK
LNG DREAM Shimotsu Japan Senboku 16042014 0900 16042014 1557 134 NYK LNG UK
TANGGUH SAGO Ishikawa Japan Tangguh 16042014 0800 12042014 1329 204 TEEKAY SHIPPING GLASGOW LTD
SERI ALAM Shimotsu Japan Bintulu 16042014 0730 16042014 1557 162 MISC BHD
SERI AMANAH Komatsushima Japan Bintulu 16042014 0730 17042014 0935 161 MISC BHD
PUTERI ZAMRUD Shimotsu Japan Bintulu 16042014 0500 17042014 0956 18 MISC BHD
MARAN GAS CORONIS Kanazawa Japan Atlantic Ocean 16042014 0200 16042014 1557 123 MARAN GAS MARITIME INC
ONAIZA Himeji Japan Himeji 16042014 0200 17042014 0957 95 STASCO SHIP MANAGEMENT
PUTERI FIRUS SATU Toyohashi Japan Bintulu 15042014 1500 17042014 0957 145 MISC BHD
SHINJU MARU NO1 Himeji Japan Himeji 15042014 0930 12042014 1329 138 SHINWA CHEMICAL TANKER KK
LNG FLORA Sakaide Japan Sakaide 13042014 0900 16042014 1736 01 NYK SHIPMANAGEMENT LTD
PUTERIINTAN SATU Komatsushima Japan Bintulu 12042014 0800 16042014 1557 186 MISC BHD
SENSHU MARU Hakata Japan Japan 12042014 0530 14042014 1125 139 MITSUI OSK LINES LTD
PUTERI DELIMA Tateyama Japan Bintulu 11042014 1400 12042014 1329 164 MISC BHD
TANGGUH FOJA Tobata Japan Bitung 09042014 0100 17042014 0957 183 KAWASAKI KISEN KAISHA LTD
TANGGUH JAYA Naha Japan Tangguh 07042014 1300 16042014 1736 161 KAWASAKI KISEN KAISHA LTD
NORTHWEST SWAN Toyohashi Japan Singapore 02042014 0200 14042014 1125 126 CHEVRON SHIPPING CO LLC
AMAN HAKATA Matsushima Japan Nagakoshi 31032014 0200 14042014 1125 107 MISC BHD
SERI BIJAKSANA Port Klang Malaysia Bethioua 11052014 1100 16042014 1557 163 MISC BHD
LNG RIVER NIGER Port Klang Malaysia West Africa 06052014 0830 17042014 0957 177 NIGERIA LNG LTD
SERI BAKTI Port Klang Malaysia Indian Ocean 30042014 1600 16042014 1736 143 MISC BHD
KMUGUNGWHA Malakka Malaysia Balhaf 26042014 0930 17042014 0956 204 KOREA LINE CORP
ISH Malakka Malaysia Tokyo 25042014 0245 16042014 2042 186 National Gas Shipping Company Ltd (NGSCO)
TAITAR NO1 Port Klang Malaysia Ras Laffan 25042014 0201 14042014 1125 19 NIMIC SHIP MANAGEMENT CO LTD
MRAWEH Port Klang Malaysia Das Island 23042014 0200 12042014 1329 208 National Gas Shipping Company Ltd (NGSCO)
CADIZ KNUTSEN Port Klang Malaysia Fujairah 22042014 1400 17042014 0957 107 KNUTSEN OAS SHIPPING AS
AL WAJBAH Manjung Malaysia Ras Laffan 21042014 0201 17042014 0957 188 MITSUI OSK LINES LTD
LNG ADAMAWA Port Dickson Malaysia West Africa 17042014 1400 12042014 1329 13 NIGERIA LNG LTD
MAGELLAN SPIRIT Port Klang Malaysia Bonny 17042014 0830 12042014 1329 94 MAERSK LNG AS
SALALAH LNG Tanjung Pelepas Malaysia Qalhat 16042014 1100 12042014 1329 177 OMAN SHIP MANAGEMENT CO SAOC
GASELYS Malakka Malaysia Melakka 15042014 1000 17042014 0956 01 GAZOCEAN SA
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
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Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
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energysalesiciscom
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Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
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Head of Design and ProductionAlexis Rendell
Global Production Editor Louise Murrell +44 20 8652 8139 louisemurrelliciscom
Global Chief Copy EditorLewis Harper +44 20 8652 4958 lewisharpericiscom
The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Tanker Movements
Back to contents
24GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
MEKAINES Port Klang Malaysia Middle East 14042014 0200 16042014 2042 155 STASCO SHIP MANAGEMENT
CASTILLO DE VILLALBA Tanjung Pelepas Malaysia Singapore Port 04042014 0400 16042014 2143 163 EMPRESA NAVIERA ELCANO SA
TENAGA EMPAT Malakka Malaysia Singapore 09012014 0100 16042014 1557 0 PETRONAS
METHANE LYDON VOLNEY Port Louis Mauritius Atlantic Basin 28042014 0800 16042014 2143 49 CERES LNG SERVICES LTD
DUHAIL Sohar Oman Futtsu 06052014 0000 16042014 1557 187 PRONAV SHIP MANAGEMENT GMBH
GOLAR MARIA Salalah Oman Incheon 04052014 2200 16042014 1736 181 GOLAR MANAGEMENT UK
HYUNDAI ECOPIA Al Duqm Oman Armed Guard Onboard
28042014 0700 16042014 2143 204 HYUNDAI MERCHANT MARINE CO LTD
GASLOG SHANGHAI Salalah Oman Indian Basin 21042014 1600 17042014 0957 198 GASLOG LTD
MARAN GAS ASCLEPIUS Al Duqm Oman Arabian Gulf 19042014 1200 14042014 1125 201 MARAN GAS MARITIME INC
MARIB SPIRIT Al Duqm Oman Balhaf 19042014 0930 17042014 0935 175 MAERSK LNG AS
DISHA Mina al Fahal Oman Ras Laffan 19042014 0001 17042014 0956 04 SCI
HYUNDAI AQUAPIA Qalhat Oman Armed Guard Onboard
17042014 0600 16042014 2042 168 HYUNDAI MERCHANT MARINE CO LTD
RASHEEDA Salalah Oman Middle East 17042014 0200 17042014 0957 18 QATARGAS LIQUEFIED GAS CO LTD
ZARGA Salalah Oman Suez 17042014 0200 14042014 1125 204 QATAR GAS TRANSPORT - NAKILAT
SERI BALHAF Salalah Oman Bonny 12042014 0800 12042014 1329 148 MISC BHD
GOLAR SEAL Sohar Oman For Orders 01032014 0100 16042014 2143 15 GOLAR LNG LTD
AL HAMLA Gadani Pakistan Ras Laffan 19042014 1100 17042014 0935 198 QATAR GAS TRANSPORT - NAKILAT
AL KHATTIYA Gwadar Pakistan Persian Gulf 17042014 0200 17042014 0935 176 STASCO SHIP MANAGEMENT
BARCELONA KNUTSEN Pampa Melchorita Peru Pisco 15042014 1400 17042014 0957 49 KNUTSEN OAS SHIPPING AS
BILBAO KNUTSEN Pampa Melchorita Peru Melchorita 03042014 1200 17042014 0956 48 KNUTSEN OAS SHIPPING AS
ARKAT Basco Philippines South China Sea 04092014 1300 14042014 1125 167 BRUNEI GAS CARRIERS SDN BHD
HYUNDAI UTOPIA Hanjin Subic Shipyard Philippines Bontang 18042014 0201 17042014 0956 156 HYUNDAI MERCHANT MARINE CO LTD
ABADI Basco Philippines South China Sea 12042014 0200 12042014 1329 124 BRUNEI GAS CARRIERS SDN BHD
DUKHAN Ras Laffan Qatar Ras Laffan 17042014 0700 17042014 0935 0 MOL LNG TRANSPORT EUROPE LTD
AL GHASHAMIYA Ras Laffan Qatar Persian Gulf 17042014 0200 16042014 1557 01 QATARGAS LIQUEFIED GAS CO LTD
AL HUWAILA Ras Laffan Qatar Ras Laffan 16042014 2100 17042014 0957 0 TEEKAY SHIPPING GLASGOW LTD
AL JASSASIYA Ras Laffan Qatar Persian Gulf 16042014 1800 12042014 1329 01 MARAN GAS MARITIME INC
TEMBEK Ras Laffan Qatar Ras Laffan 16042014 1600 14042014 1125 0 QATAR GAS TRANSPORT - NAKILAT
AL MAYEDA Ras Laffan Qatar Arabian Gulf 16042014 0200 17042014 0956 0 STASCO SHIP MANAGEMENT
AL GATTARA Ras Laffan Qatar Ras Laffan 12042014 0500 12042014 1329 01 QATAR GAS TRANSPORT - NAKILAT
AL SAMRIYA Ras Laffan Qatar Persian Gulf 10042014 0200 17042014 0956 01 STASCO SHIP MANAGEMENT
AL ORAIQ Ras Laffan Qatar Ras Laffan 09042014 0600 16042014 1557 0 K LINE LNG SHIPPING UK LTD
YENISEI RIVER Jizan Saudi Arabia Singapore Port 24042014 0800 12042014 1329 197 DYNAGAS LTD
GASLOG SKAGEN Singapore Port Singapore Asspu 17042014 1030 12042014 1329 01 CERES LNG SERVICES LTD
ENERGY CONFIDENCE Singapore Port Singapore Singapore Port 15042014 1900 17042014 0956 0 NIPPON YUSEN KAISHA
SERI ANGGUN Loyang Offshore Base Singapore Malaysia 15042014 0300 16042014 2042 01 MISC BHD
GASLOG CHELSEA Singapore Port Singapore Singapore 07042014 1600 14042014 1125 0 CERES LNG SERVICES LTD
WOODSIDE DONALDSON Sembawang Singapore Sembawang 03042014 1900 17042014 0957 11 TEEKAY SHIPPING GLASGOW LTD
BEN BADIS Sembawang Singapore Sembawang 31032014 1600 16042014 1736 0 MITSUI OSK LINES LTD
PROVALYS Singapore Port Singapore Singapore 22022014 0100 16042014 1557 0 GAZOCEAN SA
LNG KHANNUR Singapore Port Singapore Singapore 14032011 0500 17042014 0935 GOLAR INDONESIA
LNG ENUGU Saldanha South Africa Tobata 24082014 0200 17042014 0957 163 BW GAS AS
STENA CRYSTAL SKY Naval Base Simons Town
South Africa Far East 07052014 2245 17042014 0935 162 STENA BULK AB
LNG CROSS RIVER Port Elizabeth South Africa Asia 03052014 0900 14042014 1125 156 NIGERIA LNG LTD
METHANE BECKI ANNE Naval Base Simons Town
South Africa Atlantic Basin 29042014 0800 17042014 0935 171 CERES LNG SERVICES LTD
METHANE PATRICIA CAMILA
Port Elizabeth South Africa Pacific Basin 28042014 2300 14042014 1125 167 CERES LNG SERVICES LTD
CATALUNYA SPIRIT East-London South Africa Dabhol 28042014 0201 12042014 1329 154 TEEKAY SHIPPING GLASGOW LTD
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
ICIS Customer Support+65 6588 3955 (Asia amp Middle East) +44 20 8652 3335 (Europe amp Africa) +1 888 525 3255 (toll free US amp Canada) or +1 713 525 2613 (Americas) csciciscom
ICIS Compliance and Methodologywwwiciscomcompliance
Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
Editorial Director Europe amp AmericasStephen Burns +1 713 525 2611 stephenburnsiciscomEditor GLMEdward Cox +44 20 7911 1772 edcoxiciscom
Vice President of Sales Douglas Strien +44 20 7911 1919
energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
Senior Marketing ManagerJacqueline Savory +44 20 7911 1977 Jacquelinesavoryiciscom
Head of Design and ProductionAlexis Rendell
Global Production Editor Louise Murrell +44 20 8652 8139 louisemurrelliciscom
Global Chief Copy EditorLewis Harper +44 20 8652 4958 lewisharpericiscom
The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Tanker Movements
Back to contents
25GLM 1016 | 17 April 2014 | wwwiciscomenergy
ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energysalesiciscom
ASIA-PACIFIC BASIN
TRINITY ARROW East-London South Africa East Indian Ocean 26042014 1200 17042014 0935 194 K LINE LNG SHIPPING UK LTD
METHANE PRINCESS Naval Base Simons Town
South Africa Pacific Basin 20042014 1600 12042014 1329 151 GOLAR MANAGEMENT UK
LNG JUPITER Durban South Africa Port Louis 18042014 1000 14042014 1125 146 NYK LNG UK
LNG KANO Saldanha South Africa Bonny 17042014 2000 16042014 1557 157 BW GAS AS
METHANE ALISON VICTORIA
Port Nolloth South Africa Atlantic Ocean 12042014 0800 17042014 0956 179 CERES LNG SERVICES LTD
TRINITY GLORY Saldanha South Africa Cape Town 11042014 1030 16042014 2042 161 K LINE LNG SHIPPING UK LTD
BRITISH DIAMOND Saldanha South Africa 09032014 1300 14042014 1125 212 BP SHIPPING LTD
HYUNDAI TECHNOPIA Okpo South Korea Ras Laffan 10052014 2300 12042014 1329 185 HYUNDAI MERCHANT MARINE CO LTD
AL UTOURIYA Taean South Korea Ras Laffan 03052014 0800 16042014 2042 171 NYK LNG UK
SK STELLAR Okpo South Korea Bontang 29042014 1700 17042014 0935 01 SK SHIPPING CO LTD
HYUNDAI COSMOPIA Mokpo South Korea Singapore Port 24042014 0500 17042014 0957 178 HYUNDAI MERCHANT MARINE CO LTD
HYUNDAI GREENPIA Taean South Korea Bontang 23042014 0300 16042014 1736 155 HYUNDAI MERCHANT MARINE CO LTD
TANGGUH PALUNG Okpo South Korea Tangguh 21042014 1800 17042014 0935 169 KAWASAKI KISEN KAISHA LTD
KJASMINE Ulsan South Korea Prigorodnoye 20042014 0700 12042014 1329 151 KOREA LINE CORP
SK SUMMIT Okpo South Korea Singapore Port 19042014 1000 16042014 2042 179 SK SHIPPING CO LTD
KACACIA Okpo South Korea Tongyeong 17042014 1500 17042014 0957 124 KOREA LINE CORP
AL THUMAMA Pyeongtaek South Korea Pyeongtaek 17042014 0730 17042014 0935 02 NYK LNG UK
YK SOVEREIGN Pyeongtaek South Korea Pyeongtaek 17042014 0500 17042014 0956 0 SK SHIPPING CO LTD
CASTILLO-SANTISTEBAN Incheon South Korea Incheon 17042014 0000 16042014 1736 0 EMPRESA NAVIERA ELCANO SA
PUTERI INTAN Okpo South Korea Bintulu 13042014 0730 16042014 2143 146 MISC BHD
HANJIN MUSCAT Okpo South Korea Chisepo 11042014 0000 12042014 1329 01 HANJIN SHIPPING CO LTD
ABDELKADER Okpo South Korea Jisepo 08042014 0100 17042014 0956 01 MITSUI OSK BULK SHIPPING (EUROPE) LTD
HANJIN RAS LAFFAN Okpo South Korea Chisepo 08042014 0000 14042014 1125 02 HANJIN SHIPPING CO LTD
TANGGUH BATUR Okpo South Korea Celebes 23032014 0300 16042014 2042 119 NYK SHIPMANAGEMENT LTD
BW GDF SUEZ EVERETT Galle Sri Lanka Sungai Udang 27042014 0800 17042014 0935 9 BW GAS AS
AL ZUBARAH Galle Sri Lanka Nagoya 26042014 2300 16042014 1736 163 MITSUI OSK LINES LTD
GRACE ACACIA Galle Sri Lanka Middle East 23042014 0530 17042014 0956 09 GAZOCEAN SA
MOZAH Port Sudan Sudan Fujairah 17042014 0200 16042014 2143 20 STASCO SHIP MANAGEMENT
SERI BALQIS Lung-Men Taiwan Balhaf 03052014 0630 17042014 0956 162 MISC BHD
HANJIN PYEONGTAEK Donggang Taiwan Incheon 19042014 0130 17042014 0956 20 HANJIN SHIPPING CO LTD
AL JASRA Donggang Taiwan Yokkaichi 19042014 0000 16042014 2143 20 NYK SHIPMANAGEMENT LTD
TENAGA LIMA Yung-An Taiwan Yung An 18042014 0130 16042014 1557 0 MISC BHD
AL BAHIYA Lung-Men Taiwan Ras Laffan 17042014 0200 17042014 0935 189 STASCO SHIP MANAGEMENT
EXCELERATE Keelung Taiwan Singapore Port 14042014 0201 12042014 1329 48 EXMAR MARINE NV
MIN RONG Kaohsiung Taiwan Tangguh 11042014 0300 16042014 2042 178 CHINA LNG INTERNATIONAL CO LTD
BW GDF SUEZ BRUSSELS Yung-An Taiwan Balhaf 10042014 0200 16042014 1557 121 BW GAS AS
PUTERI DELIMA SATU Kaohsiung Taiwan Bintulu 08042014 0500 17042014 0935 169 MISC BHD
TANGGUH TOWUTI Keelung Taiwan Celebes 01032014 0000 17042014 0956 115 NYK SHIPMANAGEMENT LTD
SHAHAMAH Khor Fakkan UAE Das Island 19042014 0500 16042014 2143 37 National Gas Shipping Company Ltd (NGSCO)
UMM AL ASHTAN Das Island UAE Fujairah 18042014 0130 16042014 2143 183 National Gas Shipping Company Ltd (NGSCO)
AL KHOR Khor Fakkan UAE Fujairah 17042014 0600 17042014 0957 0 NYK SHIPMANAGEMENT LTD
MESAIMEER Khor Fakkan UAE Far East 17042014 0200 16042014 2143 01 STASCO SHIP MANAGEMENT
AL DAAYEN Mina Saqr UAE Ras Al Khaymah 16042014 1400 17042014 0957 01 TEEKAY SHIPPING GLASGOW LTD
AL MAFYAR Khor Fakkan UAE Fujairah 16042014 1200 16042014 1736 0 STASCO SHIP MANAGEMENT
SIMAISMA Khor Fakkan UAE Fujairah 15042014 0920 14042014 1125 0 MARAN GAS MARITIME INC
FUWAIRIT Khor Fakkan UAE Fujairah 15042014 0600 17042014 0957 0 MOL LNG TRANSPORT EUROPE LTD
LENA RIVER Nishtun Yemen Armed Guards Onboard
03052014 0800 17042014 0957 193 DYNAGAS LTD
LUSAIL Nishtun Yemen Muscat 15042014 0600 16042014 2042 173 NYK LNG UK
BW GDF SUEZ PARIS Nishtun Yemen Balhaf 15042014 0500 16042014 2042 198 BW GAS AS
All Destinations and ETAs are sourced directly from vesselrsquos own Automatic Identification System Deadweight tonnage - weight of the ship without fuel cargo or crew aboardActive vessels operating under short-term and mid-term contracts as part of a flexible portfolio or on spot trades are highlighted in boldSource Shipping data
Name Nearest Port CountryLatest
DestinationLatest ETA
Last seen DWT Vessel Operator
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
ICIS Customer Support+65 6588 3955 (Asia amp Middle East) +44 20 8652 3335 (Europe amp Africa) +1 888 525 3255 (toll free US amp Canada) or +1 713 525 2613 (Americas) csciciscom
ICIS Compliance and Methodologywwwiciscomcompliance
Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
Editorial Director Europe amp AmericasStephen Burns +1 713 525 2611 stephenburnsiciscomEditor GLMEdward Cox +44 20 7911 1772 edcoxiciscom
Vice President of Sales Douglas Strien +44 20 7911 1919
energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
Senior Marketing ManagerJacqueline Savory +44 20 7911 1977 Jacquelinesavoryiciscom
Head of Design and ProductionAlexis Rendell
Global Production Editor Louise Murrell +44 20 8652 8139 louisemurrelliciscom
Global Chief Copy EditorLewis Harper +44 20 8652 4958 lewisharpericiscom
The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin
Back to contents
26GLM 1016 | 17 April 2014 | wwwiciscomenergy
LNG infrastructure options set up to tackle commercial and transportation inefficiencies could soon find an alternative use
GLM Comment
Global LNG Markets is published weekly by ICIS 1 Procter Street Holborn London WC1V 6EU United Kingdom ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of Global LNG Markets in either its electronic or hard copy format is illegal Should you require a licence or additional copies please email us at energysalesiciscomISSN 1747-8499 copy2014 ICIS
More importers who canrsquot commit to costly long-
term projects are looking at FSRUs
Heren Global LNG Markets
1 Procter Street Holborn London WC1V 6EU UKWebsite wwwiciscomenergyEmail energyinfoiciscom
ICIS Customer Support+65 6588 3955 (Asia amp Middle East) +44 20 8652 3335 (Europe amp Africa) +1 888 525 3255 (toll free US amp Canada) or +1 713 525 2613 (Americas) csciciscom
ICIS Compliance and Methodologywwwiciscomcompliance
Head of GasBen Wetherall +44 20 7911 1786 benwetheralliciscom
Director Global Energy MarketsLouise Boddy +44 20 7911 1948 louiseboddyiciscom
Editorial Director Europe amp AmericasStephen Burns +1 713 525 2611 stephenburnsiciscomEditor GLMEdward Cox +44 20 7911 1772 edcoxiciscom
Vice President of Sales Douglas Strien +44 20 7911 1919
energysalesiciscom
Head of Sales Richard Haddrell
Product DirectorSimon Platt +44 20 7911 1957 simonplatticiscom
Senior Marketing ManagerJacqueline Savory +44 20 7911 1977 Jacquelinesavoryiciscom
Head of Design and ProductionAlexis Rendell
Global Production Editor Louise Murrell +44 20 8652 8139 louisemurrelliciscom
Global Chief Copy EditorLewis Harper +44 20 8652 4958 lewisharpericiscom
The short-term LNG market looks to be bound for change The current tight free-on-board market has pushed buyers and sellers to seek methods of flexibility But the way these methods are used is likely to change in the coming years
Flexibility comes in many forms including ship-to-ship transfers reload operations and for many buyers floating storage and regasi-fication units (FSRU) Most reload operations arise from contractual constraints that limit the long-term buyer from diverting their vol-ume directly from the seller
These inefficiencies in turn ultimately result in higher shipping costs greater boil-off and reloading charges that can add to the cost of cargo At the same time reload operations add to the security of supply and help the market deal with supply pressures in times of unexpected supply outages or spikes in demand
Ship-to-ship transfers allow for greater flexibility and cost saving on voyage econom-ics and incur much lower technical charges than reload operations
FSRUs allow buyers to commit to smaller volumes or to bring in the unit during the period of peak seasonal demand without a commitment to the expensive option of oper-ating an on-land terminal
But with expectations of more volumes entering the market between 2014 and 2017 as new projects come on line the need for reload operations with their associated costs could wane
Producers are less likely to include a strict destination restriction clause into new contracts as a profit-sharing agreement (PSA) is much more sensible option which allows both the long-term offtaker and the seller to take advantage of price spikes on the spot market
Under existing PSAs which were inte-grated into some recent long-term contracts
the producer can deliver volumes to another customer and split the upside with the origi-nal buyer This works particularly well when Middle East volumes are diverted from Europe to northeast Asia as shipping constraints are limited and Suez Canal fees can be avoided altogether
Such arrangements have worked par-ticularly well for Nigeria LNG (NLNG) where volumes have been diverted on a delivered ex-ship basis from Portugal France and Spain to customers in Japan and South Ko-rea However as NLNG is structurally short on shipping the voyage economics have to fall into place well in advance of the delivery date and such diversions are difficult to make for non-portfolio offtakers on a prompt basis
On the buy side the emergence of the FSRU market is likely to grow at a rapid pace FSRU units in Kuwait Argentina and Brazil have given buyers the necessary flexibility to import LNG in the short term during seasonal peaks of demand and short-term gas short-ages
The FSRU market also effectively allows buyers to survive current market conditions in anticipation of growing global availability and a potential reduction in price in the next five years Seasonal buyers could rely on FSRUs to import LNG until more production becomes available with an expected downside on long-term volumes
However there is increasing demand for mid-term supply contracts from potential LNG buyers who currently lack import infra-structure Mid-term volumes are in greater demand now compared with long-term posi-tions one LNG producer said
ldquoFSRUs are changing the existing market in a number of ways one of which is the growth in the number of potential importers who are lacking the means or commercial commitment to costly long-term projectsrdquo the producer said Roman Kazmin