LNG Service - Page 6

This blog post analyses the main findings of the LNG Monthly Bulletin. The LNG Monthly Bulletin provides monthly traded volumes and prices by importer and country of origin, it is part of the LNG Service by Cedigaz.

In Asia, LNG purchases of the regional top-3 buyers (Japan, South Korea and China) decreased by 5.5% year-on-year in the first quarter of 2015. Imports fell from 42 million tons to 39.7 million tons, pulled by a 19% drop in South Korea (-2.4 million tons) where higher inventories and another mild winter pushed imports down. Lower demand for natural gas was highlighted by the drop in KOGAS’ domestic sales (-7.6%), mainly due to a fall in sales to the power sector (-14.3%).

In China, imports declined by 8.6% from 5.6 million tons to 5.1 million tons while in Japan, LNG purchases grew slightly from 23.7 million tons in Q1 2014 to 24.3 million tons in Q1 2015, even though mild temperatures cut total power demand.

In Asia, LNG imports decreased in February, as they did last year at the same period. China, Japan and South Korea imported 12.5 million tons compared to 14.7 million tons in January 2015. February year-on-year demand in these countries fell by 5.1% overall: the drop was pulled by a 25.6% decline in South Korean imports while Chinese’s grew by 10.9% and Japanese’s by 2.9%. As a consequence of the easing on Asian markets and the fall in oil prices, import prices continued to dwindle: they reached $13.3/mmbtu in Japan (including trades below $10/mmbtu), $10.4/mmbtu in China and $13.5 in South Korea. February prices represented a 20% year-on-year drop in Japan and South Korea and a fall of 11% in China.

ORDER BEFORE APRIL 30, 2015 AND GET A 20% DISCOUNT ON BASE PRICE

The LNG Service provides the LNG analyst with all the data needed to follow the developments of the fast moving LNG market. The LNG Service includes comprehensive, quarterly updated, worldwide databases on liquefaction projects, regasification projects, long-term gas supply contracts and LNG trade between countries, as well as monthly bulletins on traded volumes and prices. The company reports allow for easy assessment and benchmarking of the main players in the market and the CEDIGAZ LNG Outlook provides CEDIGAZ’s views on medium and long-term LNG market perspectives.

THE DATABASES

Liquefaction plants: CEDIGAZ has identified 132 projects (not including project closed, suspended or canceled) representing over 1,300 mtpa of potential liquefaction capacity, of which 34 operating projects (287.37 mtpa), 17 projects under construction – plus one expansion project – with expected start-up dates from now to 2018 (133 mtpa) and 81 projects – plus 14 expansion projects – at different stages of planning (880 mtpa).

>>> Special features: quarterly updated,train level details, a dedicated spreadsheet allows the user to follow the authorization process for US and Canadian plants, historical production by plant.

LNG Databases – Liquefaction – Sample – Q4 2014