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Latest issue of The LNG Markets
Highlights of Issue :

A global rebound from Covid-19 combined with extraordinary demand for winter LNG cargoes, lowest EU gas storage level in five years and gas supply trouble in the US- first due to hurricane Ida and now hurricane Nicholas has pushed natural gas and LNG prices to its record high level.
Early in September, Hurricane Ida disrupted sizable feed gas supply in the US and now on Sep 14 hurricane Nicholas knocked out Freeport LNG liquefaction facility on the Texas Gulf Coast.

Kamlesh Trivedi



Trade Overview
Steep rise in winter prices feared by Asian European importers

APLNG, Gladstone LNG, Queensland LNG combined exported 1.35mil mt/year LNG to China in Aug

China emerged as the biggest buyer of Australian LNG in Aug compared to previous year. LNG exports from the three liquefaction projects on the Australian East Coast came in at 1.94mil metric tons (mt) in August, which is up by16.1% year on year basis, according to the latest data published by Gladstone Ports Corp.

China was the biggest buyer and imported 1.35mil mt of LNG, up from 1.23mil mt in the same month last year. South Korea imported 353,315 mt, up from 115,643 mt, according to Gladstone Port data. Japan imported 65,307 mt as against 134,192 mt in 2020. Malaysia imported 60,086mt LNG, as against188,194mt last year in August.

The three East Coast projects which supplied LNG in Aug are APLNG; Gladstone LNG and Queensland Curtis LNG. In the 12 months to June 30, these projects exported a record 23mil mt of LNG. 

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