Heren LNG Markets Daily - Chemical Industry News ... · India DES July '14 12.900 -0.050 I ......

LMD 5107 | 30 May 2014 | wwwiciscomenergy

ICIS accepts no liability for commercial decisions based on the content of this report Unauthorised reproduction onward transmission or copying of LNG Markets Daily in either its electronic or hard copy format is illegal Should you require a licence or additional copies please contact ICIS at energyinfoiciscom copy2014 ICIS

1

SPOT LNG ndash EAST ASIA INDEX (EAX) $MMBtu

SPOT LNG ndash EAST ASIA HALF MONTH INPUTS $MMBtu

Location Jul 14 Day on day diff Aug 14 Day on day diff

2H Jun 2014

Day on day diff

Data Used

1H Jul 2014

Day on day diff

Data Used

2H Jul 2014

Day on day diff

Data Used

1H Aug 2014

Day on day diff

Data Used

2H Aug 2014

Day on day diff

Data Used

EAX 13450 0000 13675 0000

EAX 13425 0000 I 13425 0000 I 13475 0000 I 13625 0000 I 13725 0000 I

Japan 13450 0000 I 13450 0000 B 13500 0000 B 13600 0000 B 13700 0000 I

South Korea 13400 0000 I 13400 0000 I 13450 0000 I 13600 0000 I 13700 0000 I

China 13400 0000 I 13400 0000 I 13450 0000 I 13650 0000 I 13750 0000 I

Taiwan 13450 0000 I 13450 0000 I 13500 0000 I 13650 0000 I 13750 0000 I

EAST ASIA SPOT BIDS AND OFFERS $MMBtu

BidOffer Delivery Period Price Origin Destination

Offer H1 July 13700 TBC Japan

Offer H2 July 13700 TBC Japan

Offer H1 August 13900 TBC Japan

Offer H2 August 13900 TBC Japan

MARKET COMMENT

Japan summer spot buying may increasePublished on the ICIS Dashboard at 1000

The market in Japan could begin to show signs of revival in the next three weeks depending on whether the temperatures continue to rise for the summer one source in the Atlantic basin said

ldquoIf it turns out to be a scorcher there will be more movement [in the market]rdquo the source said

There is some space in Japanese inventory tanks for August deliveries but demand from market participants there has been muted at the moment

Some sources indicated that preliminary discussions for winter requirements might have started in Japan but one trader said no discussions have taken place in earnest

ldquoThere are players still waiting for the market to pick uprdquo a source based in the Atlantic basin said

South Korearsquos incumbent importer KOGAS is oversupplied during the summer period according to multiple market sources

This could lead to further volumes being resold to other parts of Asia but no firm transactions have been heard yet

Spot supply for the Pacific basin is viewed as long underpinned by the start-up of the PNG LNG plant in Papua New Guinea in May

Shipping sources said the vessels char-tered by PNG LNG have to be utilised first be-fore any FOB (free on board) cargoes would be offered from the project

Bonny cargo heads to Brazil The 145000cbm Stena Blue Sky understood to be controlled by Malaysiarsquos PETRONAS is destined for Brazil with a spot cargo shipping information showed

The cargo is likely to be a June delivery for Brazilian state-run buyer Petrobras ❯❯ Page 4

SPOT LNG ndash REGIONAL INDICES $MMBtu

Location Jul 14 Day on day diff Aug 14 Day on day diff

South America (SAX) 13190 -0060 13413 -0070

Mediterranean (MDX) 11733 0000 11833 0000

NW Europe (NEX) 7539 -0091 7654 -0069

Iberia (IBX) 10755 -0100 11071 -0058Methodology The ICIS Heren Regional Indices are calculated averages of the individual DES assessments for each country within the region The methodology is the same as for the EAX and these indices are also a continuation of the Pool Price series published since 8 June 2010 The individual assessments used for each monthly index are published in the SPOT DES ASSESSMENTS table on page 2 of this report Full methodology document

Methodology The ICIS Heren Regional Indices are calculated averages of the DES assessments for each country within the region The individual assessments used for each monthly index are published in the SPOT DES ASSESSMENTS table on page 2 of this report Five half-month inputs are provided for the EAX in addition to the two full front month indices See table below The ICIS Heren Regional Indices are a continuation of the ICIS Heren Pool Price series published since 8 June 2010 The methodology is unchanged except for the roll date moving forwards to the 16th of the month Regional Indices for other locations are published at the bottom of this page Full methodology document

SPOT LNG ndash KEY ICIS ASSESSMENTS $MMBtu

Location DESFOB Deliveryloading period Price Day on day diff Data used

Spain Reload FOB 15-45 days 11800 0000 I

West Africa FOB 20-40 days 12110 -0040 I

India DES July 14 12900 -0050 I

Argentina DES July 14 13400 -0060 I

CHARTER RATES $d

Price Day on day diff Data used

Atlantic prompt 58000 0 I

Pacific prompt 58000 0 I

Atlantic mid-term 56000 0 I

Pacific mid-term 56000 0 I

Data used key B ndash Bidoffer T ndash Transaction S ndash Spread F ndash Fundamentals I ndash Interpolationextrapolation The key codes represent the primary data type used to make the assessment

LMD 5107 | 30 May 2014 | Published by ICIS | wwwiciscomenergy | 5 Pages

Energy Prices News Analysis

Heren LNG Markets Daily


2LMD 5107 | 30 May 2014 | wwwiciscomenergy

MarketsShipping

SPOT DES ASSESSMENTS $MMBtu

Location Jul 14Day on day

diff Data UsedEAX

Spread NBP Spread Aug 14Day on day

diff Data UsedEAX

Spread NBP Spread

Japan 13475 0000 I 0025 6091 13650 0000 I -0025 5953

South Korea 13425 0000 I -0025 6041 13650 0000 I -0025 5953

China 13425 0000 I -0025 6041 13700 0000 I 0025 6003

Taiwan 13475 0000 I 0025 6091 13700 0000 I 0025 6003

Singapore 13250 0000 S -0200 5866 13475 0000 S -0200 5778

Thailand 13350 0000 I -0100 5966 13575 0000 I -0100 5878

India 12900 -0050 I -0550 5516 13050 -0100 I -0625 5353

Dubai 12800 0000 I -0650 5416 13075 0000 I -0600 5378

Kuwait 13200 -0050 I -0250 5816 13450 -0100 I -0225 5753

Turkey 12100 0000 I -1350 4716 12200 0000 I -1475 4503

Greece 11600 0000 I -1850 4216 11700 0000 I -1975 4003

Italy 11500 0000 I -1950 4116 11600 0000 I -2075 3903

Spain 10830 -0100 I -2620 3446 11146 -0058 I -2529 3448

Portugal 10680 -0100 I -2770 3296 10996 -0058 I -2679 3298

Netherlands 7933 -0067 I -5517 0549 7681 -0063 I -5994 -0017

Belgium 7414 -0099 I -6036 0030 7578 -0098 I -6097 -0119

France 7405 -0099 I -6045 0021 7718 -0057 I -5957 0020

Britain 7405 -0099 I -6045 0021 7640 -0057 I -6035 -0058

US Gulf 11860 -0060 I -1590 4476 11950 -0080 I -1725 4253

Chile 13110 -0060 I -0340 5726 13200 -0080 I -0475 5503

Brazil 13060 -0060 I -0390 5676 13500 -0080 I -0175 5803

Argentina 13400 -0060 I -0050 6016 13540 -0050 I -0135 5843

FOB RELOAD ASSESSMENTS $MMBtu

Jun 14Day on day diff

Zeebrugge 1220 000 I

US Gulf 1226 -006 I

SPOT FOB ASSESSMENTS $MMBtu

Location PriceDay on day

diff

Middle East 12730 0010 I

North Africa 12060 -0010 I

West Africa 12110 -0040 I

Far East 12990 0050 I

Trinidad 12010 -0060 I

Northeast Asia 13040 0050 I

Australia 12490 0000 I

Northern Europe 11710 -0020 I

The EAX spread value represents the individual DES assessment for the contract minus the EAX price for corresponding period The NBP spread represents the individual DES assessment for the contract in question minus the ICIS Heren benchmark NBP assessment published in European Spot Gas Markets on the day prior to publication

LATEST GLOBAL SPOT TRANSACTIONS $MMBtu

Transaction date Delivery Period Price Origin Destination

TBC 24062014 TBC Bonny Incheon

TBC 02062014 TBC Fos Cavaou Gwangyang

TBC 07062014 TBC Bonny Brazil

TBC 11062014 TBC Arzew Oita

TBC 25052014 TBC Point Fortin Mina Al-Ahmadi

Australia West Africa and Trinidad FOB prices are assessed using transactions bidoffer information tender information and other relevant pricing information The loading period is 20-40 days ahead of the publication date Remaining FOB assessments are derived using a model that builds incremental forward curves using ICIS DES assessments FOB prices are established using the highest netback value achievable globally from the 20-40 day loading window according to this model Full methodology document




MarketsShipping

KEY OIL AND GAS PRICES $MMBtu

Location Price Diff

ICIS Heren NBP Jun 14 6910 -0033

ICIS Heren NBP Jul 14 7384 -0095

ICIS Heren Zeebrugge Jun 14

7469 -0091

ICIS Heren Zeebrugge Jul 14

7490 -0100

ICIS Heren Japan Import Jun 14

16027 0000

ICIS Heren Japan Import Jul 14

16052 0000

Latest Published JCC Apr 14

18915 0000

NYMEX Henry Hub Jul 14

4559 -0056

NYMEX Henry Hub Aug 14

4540 -0052

ICIS Brent Jun 14 19226 0033

ICIS Brent Jul 14 19058 0033

NYMEX WTI Jul 14 17912 0149

NYMEX WTI Aug 14 17773 0137

AvAILABLE FOR CHARTER

LATEST GLOBAL LNG TENDERS 30 MAY 2014

Ship nameEffective control

Availability window Period Size cbm Location Tanks

Buysell Tenderer

Shipping basis Location

No of cargoes

DeliveryLifting start

DeliveryLifting end

Tender open

Tender close Status

Information updated

Sell NWS LNGDES or

FOBDampier 1 16082014 21082014 26052014 09062014 Open 28052014

Sell NWS LNG DES or FOB Dampier 1 17072014 19072014 26052014 09062014 Open 28052014

Sell ADGAS FOB Das Island 1 25052014 31052014 TBC 21052014 Awarded 26052014

Buy PTT DES Map Ta Phut 1 01072014 31072014 TBC 22052014 Closed 24052014


There were mixed directions at the NBP on 29 May with the prompt strengthening a touch in the morning because of an unex-pected outage However by the end of the session most of the gains had come off

The bearish movement that had characterised the near curve in the past two sessions continued early in the session on Thursday although losses for June rsquo14 were less pronounced than on Wednes-day Then an unplanned outage at ConocoPhillipsrsquo North Sea J-Block gas fields pushed prompt prices temporarily in the opposite direction

The far curve was mostly range-bound during the day although some of the seasons made small gains as a result of a falling pound sterling relative to the euro This can often lift contracts as demand rises from traders with euros to spend

The South Hook LNG terminal continued to provide significant volumes to the British system with output from the site flowing at a rate of around 50 million cubic metres (mcm)day throughout the session Traders suggested that oversupply is still expected but this has mostly been priced into the front month contract now

NYMEX natural gas futures slid for the first time in four sessions closing down as the market digested the latest weekly gas storage report from the US Energy Information Administration (EIA)

The July rsquo14 contract closed its first day as the front month at $456MMBtu down by $006MMBtu from the previous dayrsquos close because of bearish sentiment stemming from the EIA report

Losses of at least $003MMBtu were registered across the board at the close of the 29 Mayrsquos session

The EIA report had detailed the highest weekly injection into US inventories in five years over the week ended 23 May US natural gas stocks posted a third consecutive weekly rise over the week just gone surging by 114 billion cubic feet (bcf) ndash or 32 billion cubic metres (bcm) ndash for the first time since mid-June 2009

Stocks now stand just below 14 trillion cubic feet (tcf) or 396 bcm the EIA report showed still some way short of the year-ago and five-year average levels for this week

The depleted nature of US inventories and the impending onset of the summer cooling season offered some support to the bulls

NBP COMMENT NYMEX COMMENT

IFO 380 IFO 180 MDO

PriceDay on day diff Price

Day on day diff Price

Day on day diff Updated

Singapore 59600 -200 61800 -200 89500 -600 30052014Rotterdam 58150 -100 60250 -300 na na 29052014Fujairah 60400 000 63650 150 na na 29052014Houston 59800 -250 72550 7400 na na 29052014

BUNKERS SPOT DELIvERED PRICES $tonne

Source Bunkerworld

Additional fields and history are available via the ICIS FTP service These include additional deliverylifting details and tender participants

Golar Celsius Golar Prompt Open 160000 Pacific basin Warm

LNG Taurus MOL Prompt Open 127000 Pacific basin Warm

LNG Gemini General Dynamics Prompt Open 127000 Atlantic basin Warm

LNG Leo General Dynamics Prompt Open 127000 Atlantic basin Warm

Tangguh Hiri Tangguh LNG Prompt 30-60 days 155000 Pacific basin Cold

Tangguh Towuti Tangguh LNG Prompt 30-60 days 146000 Pacific basin Cold

Clean Ocean Dynagas Prompt Open 155000 Pacific basin Warm

Corcovado Cardiff Marine Prompt Open 160000 Atlantic basin Warm

Soyo Angola LNG Prompt 90 days 160000 Atlantic basin Warm

Sonangol Benguela Angola LNG Prompt 90 days 160000 Atlantic basin Cold

Sonangol Etosha Angola LNG Prompt 90 days 160000 Pacific basin Cold

News



❯❯ Continued from page 1

The vessel loaded its cargo from the Ni-geria LNG (NLNG) facility in Bonny Island on 26 May and is now positioned heading west across the Atlantic Ocean The vessel is ex-pected to arrive in Brazil on 7 June although the port is unspecified

PETRONAS which does not have offtake capacity from NLNG is understood to have purchased the cargo on an FOB basis How-ever the supplier of the late May Nigeria-sourced spot cargo could not be confirmed

The Malaysian company was heard to have been awarded a tranche of 18 cargoes from Portuguese seller Galp Energia for a mid-term agreement starting in 2015

The 152000cbm Seri Begawan last deliv-ered a cargo on behalf of PETRONAS to the Salvador floating storage and regasification unit (FSRU) in the state of Bahia on 28 April

Market sources considered Petrobras to be quiet in the market for prompt cargoes

having secured most of its summer require-ments in advance from select sellers

France-based GDF SUEZ UK-headquar-tered BG Group Norwayrsquos Statoil Anglo-Dutch major Shell and London-based EDF Trading have all delivered cargoes to Brazil in April May and June

A source in the Atlantic basin said buy-ing activity from Petrobras is expected to be muted for the rest of the third quarter

BG delivers reload to South KoreaThe 155000cbm GasLog Shanghai is currently sailing towards South Korea according to vessel-tracking data

The vessel under the control of portfolio seller BG Group is carrying a reload cargo from Francersquos Fos Cavaou LNG terminal to the Gwangyang LNG terminal in South Korea

It is expected to reach its destination on 2 June after departing from Fos Cavaou on

27 April It is likely to be delivering the cargo to South Korea-based steelmaker POSCO which operates the Gwangyang terminal

POSCO currently imports 055mtpa of LNG from the BP-led Tangguh plant in Indonesia under a 20-year contract through to 2024 Trading sources indicated that Paris-based portfolio sellers would likely be behind an FOB sale to BG Group

Both Total and GDF SUEZ are capacity holders at Fos Cavaou Up to 100000cbm of volumes are allowed to be reloaded from Fos due to regulations

Also heading to South Korea is the 173000cbm Ribera del Duero Knutsen ac-cording to vessel-tracking data

The vessel under the control of Shell departed from Bonny Island on 27 May and is expected to reach Incheon port on 24 June It is likely to deliver the cargo to KOGAS which operates the terminal

The US Department of Energy (DOE) has revamped the order of pending non-free trade agreement (non-FTA) LNG export ap-plications in order to prioritise ldquocommercially advancedrdquo projects

This means projects that have received permitting approval from the US Federal En-ergy Regulatory Commission (FERC) will now be eligible for DOE approval first instead of waiting through a queue that established precedence based on the order of when the application was received

ldquoThe Department intends to make final public interest determinations only after a project has completed the NEPA [National Environmental Policy Act] process instead of issuing conditional authorisationsrdquo DOE said in a 29 May statement

DOE first established the order of prec-edence for non-FTA export licenses on 5 December 2012 after the agency was over-whelmed with a wave of export proposals

A non-FTA country is any country that does not have a free trade agreement with the US This comprises many of the key LNG importers including Japan China and India

While DOE must automatically approve an FTA export license the agency has discretion over when to approve non-FTA applications

Cheniere was the first company to hatch the idea of the Sabine Pass LNG import termi-nal as a liquefaction plant but after receiving its non-FTA license in 2010

DOE then stalled for a year and a half be-fore issuing further export licenses as public debate weighed in on industrial consumersrsquo views on the price of natural gas and the industryrsquos environmental impact

In the last four years DOE has issued seven non-FTA conditional licenses for six US

LNG projects Chenierersquos first four trains at Sabine Pass the 132mtpa Freeport LNG the 15mtpa Lake Charles Dominionrsquos 525mtpa Cove Point LNG Semprarsquos 12mpta Cameron LNG and the 6mpta Jordan Cove proposal

This new policy is not anticipated to change any of those conditional orders that have already been issued

Changes for remaining applicants Currently 24 export applications for non-FTA licenses are yet to be considered They range from small-scale concepts aiming to target the fledgling Caribbean market to major international companies such as ExxonMobil that carry the balance sheet to clear the high capital costs of an export project ranging in the tens of billions of dollars

Under the new scheme projects await-ing a non-FTA license must now have the final approval under regulations in the NEPA review which is under FERCrsquos jurisdiction before DOE will issue an export license

Of the pending projects the most advanced in FERC permitting applications include US-based Excelerate Energyrsquos Lavaca Bay greenfield floating LNG project in Texas Chenierersquos second greenfield 135mtpa Cor-pus Christi venture and the proposed 8mpta Magnolia LNG greenfield project in Lake Charles Louisiana This also bodes well for the US LNG export expansion proposed for ExxonMobil and Qatar Petroleumrsquos Golden Pass slated for 15mpta although Golden Pass has not advanced much further than preliminary FERC filings

DOE also released two studies addressing the environmental impact of unconventional natural gas production and the lifecycle green-house gas impacts of US LNG exports The new

proposed policy along with the studies will now go through a 45-day comment period

Shortly after DOErsquos announcement US Senator Mary Landrieu a Democrat from Louisiana who chairs the Senate Committee on Energy and Natural Resources issued a statement welcoming the decision Landrieu was among several lawmakers in March who called on DOE to consider changing its order of precedence for LNG export projects

Landrieu stated the decision by DOE to streamline the permit approval process is ldquoa positive step forward to responsibly export Americarsquos abundant supply of natural gasrdquo

Oregon LNG considers new policy The greenfield Oregon LNG project proposed for Warrenton Oregon was the next applicant in the non-FTA application queue

The planned 95mtpa plant envisages importing Canadian natural gas through pipe-lines in the Kingsgate and Huntingdon hubs near the British Columbia border Its CEO Peter Hansen told ICIS the new proposed non-FTA approval policy should not immediately affect the consideration of its export application

ldquoItrsquos sort of a two-edged sword Obvi-ously regulatory certainty is something that we really needrdquo he said ldquoOn the other hand I can see why the DOE would say this for pro-jects that are far down the path on permitsrdquo

The project expects to receive its schedul-ing notice from FERC in the ldquonear futurerdquo and could receive a draft environmental impact statement (EIS) by this autumn Hansen said

Oregon LNG has not secured any long-term contracts with buyers though Hansen said it has signed memorandums of agree-ment (MOUs) with ldquoAsian and North Ameri-can companiesrdquo Ruth Liao

US DOE shakes up non-FTA export applications Published on the ICIS Dashboard at 2137 29 May

News



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ICIS Compliance and Methodologywwwiciscomcompliance

Editor LMDRoman Kazmin +65 6480 4360 romankazminiciscom

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 stephenburnsiciscom

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

Japanrsquos INPEX signs agreements to sell gas from Prelude FLNG

Published on the ICIS Dashboard at 1000

Indiarsquos gas network operator GAIL has decreased its spot LNG buying activity for the next two to three months

ldquoGAIL will not be active in the spot market for June-July as [its] key domestic customers have stopped buying gasrdquo a source familiar with the issue said

With the appoint-ment of new petro-leum and natural gas minister Dharmendra Pradhan on 27 May and the likely roll-out of a new budget in June there may be some buying activity for July to August However overall demand is still expected to be weak ndash potentially for one or two spot cargoes only

ldquoGAIL might buy one or two cargoes for July-August at $1100-1150MMBtu but discussions around these with sellers will happen only after the budget is rolled outrdquo a source said

Other Indian buyers such as Reliance Industries Ltd (RIL) which has captive LNG demand for its refinery in Jamnagar Gujarat is looking at purchasing one to two spot de-liveries for the July-August period

RIL is targeting deals below $1300MMBtu on a DES (delivered ex-ship) basis and is in discussions for spot deliveries with Qatari sellers according to sources

Reliancersquos demand is expected to be steady for the rest of the year unlike GAIL Petronet LNG and Gujarat State Petroleum Corp (GSPC) whose demand wanes on a seasonal basis

GSPC and Petronet LNG have noticed demand from industrial clients slow down during the monsoon season which runs from mid-May onwards to mid-September As a result both companies are not very active in the spot market for July-August deliveries

Slowdown in downstream sales As one of Indiarsquos largest LNG importers GAILrsquos key customers such as the domestic power and fertilizer companies have stopped buying gas for power generation in the past month as they have run out of government-aided fuel subsidies

The new Nar-endra Modi-led government is likely to release subsidies in June but no date has been fixed Also previous govern-ments have talked about cutting down subsidies by

15 for fertilizer companies and the new government is likely to implement the subsidy cut sources said

Power companies in India have switched to using coal from gas in the past two months as prices of power generated from coal is two times cheaper compared with gas

In the absence of demand from fertilizer and power companies GAIL is now selling its long- and medium-term LNG supplies to private customers that comprise steel and small-scale industries The price at which GAIL is supplying LNG to private customers is estimated at $1200-1300MMBtu Power and fertilizer companies make up 70 of GAILrsquos total customer portfolio

ldquoThe lack of demand from large custom-ers has forced us to sell LNG to other con-sumersrdquo the source said

In the week of 30 May during the release of GAILrsquos first-quarter results chairman BC Tri-pathi said GAIL will be importing 36 cargoes this financial year which began in April Of these 18 are expected to be procured in the spot market In the first quarter GAIL received seven to eight cargoes at the Dabhol and Da-hej LNG terminals Ranjana Kaushal

Indiarsquos GAIL slows down July-August spot buying activity


INPEX is negotiating the sale of LNG to To-kyo Electric (TEPCO) and Shizuoka Gas from the Prelude floating LNG (FLNG) project in Australia the Japanese oil and gas company said in a statement on 27 May

INPEX will deliver 560000 tonnes of LNG per annum to TEPCO and 70000 tonnes per annum to Shizuoka Gas for eight years on a DES (delivered ex-ship) basis INPEX said

Deliveries will begin in 2017 according to the statement The companies are still finalis-ing details of the proposed contracts and did not disclose prices

The signing of the Heads of Agreements (HOAs) represents INPEXrsquos first sale of LNG from the Prelude FLNG project The project is a vessel built to float in the waters off the coast of western Australia pump up and liquefy the natural gas from the undersea Prelude gasfield

INPEX owns 175 in the project while a subsidiary of Anglo-Dutch major Shell holds a 675 stake and acts as operator South Ko-rearsquos KOGAS holds 10 and Taiwanrsquos monoly importer CPC owns a 5 stake

The Prelude project will start producing LNG by 2017 and produce at least 36mtpa of natural gas at its peak INPEX said in the statement Ben Lefebvre

Join our gas markets group

ICIS onLinkedIn

For more LNG news and analysis go to wwwiciscomenergy

GAIL might buy one or two cargoes for July-

August at $1100-1150MMBtu


321

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


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 ❯❯ 3

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

Back to contents


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



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



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


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



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


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



Tenders


LATEST GLOBAL LNG TENDERS 17 APRIL 2014

Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated

Sell Angola LNG DES Soyo 1 01042014 3004201420032014-31032014

01042014 TBC 24032014


25032014 Awarded 11042014

Buy PTT DES Map Ta Phut 1 05052014 2005201424032014-02042014

03042014 Awarded 09042014


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


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



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


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



FREE ON BOARD TRANSACTIONS


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


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


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




dateDelivery period

Price $MMBtu


updated

News

Back to contents



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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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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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

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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

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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


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


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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



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



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



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



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



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



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




Last seen


Tanker Movements

Back to contents





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


Tanker Movements

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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





Tanker Movements

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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


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





Tanker Movements

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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


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





Tanker Movements

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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





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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







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







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



MarketsShipping

SPOT DES ASSESSMENTS $MMBtu

Location Jul 14Day on day

diff Data UsedEAX

Spread NBP Spread Aug 14Day on day

diff Data UsedEAX

Spread NBP Spread

Japan 13475 0000 I 0025 6091 13650 0000 I -0025 5953

South Korea 13425 0000 I -0025 6041 13650 0000 I -0025 5953

China 13425 0000 I -0025 6041 13700 0000 I 0025 6003

Taiwan 13475 0000 I 0025 6091 13700 0000 I 0025 6003

Singapore 13250 0000 S -0200 5866 13475 0000 S -0200 5778

Thailand 13350 0000 I -0100 5966 13575 0000 I -0100 5878

India 12900 -0050 I -0550 5516 13050 -0100 I -0625 5353

Dubai 12800 0000 I -0650 5416 13075 0000 I -0600 5378

Kuwait 13200 -0050 I -0250 5816 13450 -0100 I -0225 5753

Turkey 12100 0000 I -1350 4716 12200 0000 I -1475 4503

Greece 11600 0000 I -1850 4216 11700 0000 I -1975 4003

Italy 11500 0000 I -1950 4116 11600 0000 I -2075 3903

Spain 10830 -0100 I -2620 3446 11146 -0058 I -2529 3448

Portugal 10680 -0100 I -2770 3296 10996 -0058 I -2679 3298

Netherlands 7933 -0067 I -5517 0549 7681 -0063 I -5994 -0017

Belgium 7414 -0099 I -6036 0030 7578 -0098 I -6097 -0119

France 7405 -0099 I -6045 0021 7718 -0057 I -5957 0020

Britain 7405 -0099 I -6045 0021 7640 -0057 I -6035 -0058

US Gulf 11860 -0060 I -1590 4476 11950 -0080 I -1725 4253

Chile 13110 -0060 I -0340 5726 13200 -0080 I -0475 5503

Brazil 13060 -0060 I -0390 5676 13500 -0080 I -0175 5803

Argentina 13400 -0060 I -0050 6016 13540 -0050 I -0135 5843

FOB RELOAD ASSESSMENTS $MMBtu

Jun 14Day on day diff

Zeebrugge 1220 000 I

US Gulf 1226 -006 I

SPOT FOB ASSESSMENTS $MMBtu

Location PriceDay on day

diff

Middle East 12730 0010 I

North Africa 12060 -0010 I

West Africa 12110 -0040 I

Far East 12990 0050 I

Trinidad 12010 -0060 I

Northeast Asia 13040 0050 I

Australia 12490 0000 I

Northern Europe 11710 -0020 I

The EAX spread value represents the individual DES assessment for the contract minus the EAX price for corresponding period The NBP spread represents the individual DES assessment for the contract in question minus the ICIS Heren benchmark NBP assessment published in European Spot Gas Markets on the day prior to publication

LATEST GLOBAL SPOT TRANSACTIONS $MMBtu

Transaction date Delivery Period Price Origin Destination

TBC 24062014 TBC Bonny Incheon

TBC 02062014 TBC Fos Cavaou Gwangyang

TBC 07062014 TBC Bonny Brazil

TBC 11062014 TBC Arzew Oita

TBC 25052014 TBC Point Fortin Mina Al-Ahmadi

Australia West Africa and Trinidad FOB prices are assessed using transactions bidoffer information tender information and other relevant pricing information The loading period is 20-40 days ahead of the publication date Remaining FOB assessments are derived using a model that builds incremental forward curves using ICIS DES assessments FOB prices are established using the highest netback value achievable globally from the 20-40 day loading window according to this model Full methodology document




MarketsShipping


Location Price Diff




7469 -0091


7490 -0100


16027 0000


16052 0000


18915 0000


4559 -0056


4540 -0052









Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated

Sell NWS LNGDES or

FOBDampier 1 16082014 21082014 26052014 09062014 Open 28052014
















IFO 380 IFO 180 MDO






Source Bunkerworld













News












































News











energysalesiciscom

































ICIS onLinkedIn





321



1




Market Report













This includes the reallocation of at least two 160000cbm cargoes a year provided to power generators on the countryrsquos ❯❯ Page 13



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








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


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


May 14 10431 16276

June 14 10429 16288

July 14 10350 16221

August 14 10353 16180

September 14 10358 16158

October 14 10395 16106


Japan Import








Back to contents



Market Report



❯❯


OJO

IMA

GESREX

FEATU

RES












Market Report

Back to contents





























❯❯

❯❯ Page 5

Back to contents




0

4

8

12

16

20





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



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


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


News

Back to contents



0

2

4

6

8

10

0

4

8

12

16

20

Feb2014

Dec2013

Oct2013

Aug2013

Jun2013

Apr2013

Feb2013

$M

MBt

u


Sour

ce N

YMEX

US

Dep

t of E

nerg

y


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






IFO 380 IFO 180 MDO

IFO 380 IFO 180 MDO



Fujairah 59850 59100 127 63400 62750 104 na na na

Houston 59800 58700 187 65600 65150 069 na na na


Singapore 58300 58300 000 60600 60600 000 91500 89800 189



0

5

10

15

20

25

11 Apr2014


NBPEAX

$M

Mbt

u


Back to contents



Tenders



Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated


01042014 TBC 24032014


25032014 Awarded 11042014


03042014 Awarded 09042014


01022014-28022014

Awarded 02042014












Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014






Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom























MarketsShipping


Location Price Diff




7469 -0091


7490 -0100


16027 0000


16052 0000


18915 0000


4559 -0056


4540 -0052









Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated

Sell NWS LNGDES or

FOBDampier 1 16082014 21082014 26052014 09062014 Open 28052014
















IFO 380 IFO 180 MDO






Source Bunkerworld













News












































News











energysalesiciscom

































ICIS onLinkedIn





321



1




Market Report
















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








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


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


May 14 10431 16276

June 14 10429 16288

July 14 10350 16221

August 14 10353 16180

September 14 10358 16158

October 14 10395 16106


Japan Import








Back to contents



Market Report



❯❯


OJO

IMA

GESREX

FEATU

RES












Market Report

Back to contents





























❯❯

❯❯ Page 5

Back to contents




0

4

8

12

16

20





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



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


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


News

Back to contents



0

2

4

6

8

10

0

4

8

12

16

20

Feb2014

Dec2013

Oct2013

Aug2013

Jun2013

Apr2013

Feb2013

$M

MBt

u


Sour

ce N

YMEX

US

Dep

t of E

nerg

y


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






IFO 380 IFO 180 MDO

IFO 380 IFO 180 MDO



Fujairah 59850 59100 127 63400 62750 104 na na na

Houston 59800 58700 187 65600 65150 069 na na na


Singapore 58300 58300 000 60600 60600 000 91500 89800 189



0

5

10

15

20

25

11 Apr2014


NBPEAX

$M

Mbt

u


Back to contents



Tenders



Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated


01042014 TBC 24032014


25032014 Awarded 11042014


03042014 Awarded 09042014


01022014-28022014

Awarded 02042014












Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014






Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















News












































News











energysalesiciscom

































ICIS onLinkedIn





321



1




Market Report
















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








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


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


May 14 10431 16276

June 14 10429 16288

July 14 10350 16221

August 14 10353 16180

September 14 10358 16158

October 14 10395 16106


Japan Import








Back to contents



Market Report



❯❯


OJO

IMA

GESREX

FEATU

RES












Market Report

Back to contents





























❯❯

❯❯ Page 5

Back to contents




0

4

8

12

16

20





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



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


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


News

Back to contents



0

2

4

6

8

10

0

4

8

12

16

20

Feb2014

Dec2013

Oct2013

Aug2013

Jun2013

Apr2013

Feb2013

$M

MBt

u


Sour

ce N

YMEX

US

Dep

t of E

nerg

y


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






IFO 380 IFO 180 MDO

IFO 380 IFO 180 MDO



Fujairah 59850 59100 127 63400 62750 104 na na na

Houston 59800 58700 187 65600 65150 069 na na na


Singapore 58300 58300 000 60600 60600 000 91500 89800 189



0

5

10

15

20

25

11 Apr2014


NBPEAX

$M

Mbt

u


Back to contents



Tenders



Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated


01042014 TBC 24032014


25032014 Awarded 11042014


03042014 Awarded 09042014


01022014-28022014

Awarded 02042014












Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014






Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















News











energysalesiciscom

































ICIS onLinkedIn





321



1




Market Report
















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








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


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


May 14 10431 16276

June 14 10429 16288

July 14 10350 16221

August 14 10353 16180

September 14 10358 16158

October 14 10395 16106


Japan Import








Back to contents



Market Report



❯❯


OJO

IMA

GESREX

FEATU

RES












Market Report

Back to contents





























❯❯

❯❯

Back to contents




0

4

8

12

16

20





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



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


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


News

Back to contents



0

2

4

6

8

10

0

4

8

12

16

20

Feb2014

Dec2013

Oct2013

Aug2013

Jun2013

Apr2013

Feb2013

$M

MBt

u


Sour

ce N

YMEX

US

Dep

t of E

nerg

y


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






IFO 380 IFO 180 MDO

IFO 380 IFO 180 MDO



Fujairah 59850 59100 127 63400 62750 104 na na na

Houston 59800 58700 187 65600 65150 069 na na na


Singapore 58300 58300 000 60600 60600 000 91500 89800 189



0

5

10

15

20

25

11 Apr2014


NBPEAX

$M

Mbt

u


Back to contents



Tenders



Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated


01042014 TBC 24032014


25032014 Awarded 11042014


03042014 Awarded 09042014


01022014-28022014

Awarded 02042014












Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014






Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















321



1




Market Report
















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








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


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


May 14 10431 16276

June 14 10429 16288

July 14 10350 16221

August 14 10353 16180

September 14 10358 16158

October 14 10395 16106


Japan Import








Back to contents



Market Report



❯❯


OJO

IMA

GESREX

FEATU

RES












Market Report

Back to contents





























❯❯

❯❯ Page 5

Back to contents




0

4

8

12

16

20





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



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


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


News

Back to contents



0

2

4

6

8

10

0

4

8

12

16

20

Feb2014

Dec2013

Oct2013

Aug2013

Jun2013

Apr2013

Feb2013

$M

MBt

u


Sour

ce N

YMEX

US

Dep

t of E

nerg

y


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






IFO 380 IFO 180 MDO

IFO 380 IFO 180 MDO



Fujairah 59850 59100 127 63400 62750 104 na na na

Houston 59800 58700 187 65600 65150 069 na na na


Singapore 58300 58300 000 60600 60600 000 91500 89800 189



0

5

10

15

20

25

11 Apr2014


NBPEAX

$M

Mbt

u


Back to contents



Tenders



Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated


01042014 TBC 24032014


25032014 Awarded 11042014


03042014 Awarded 09042014


01022014-28022014

Awarded 02042014












Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014






Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Back to contents



Market Report



❯❯


OJO

IMA

GESREX

FEATU

RES












Market Report

Back to contents





























❯❯

❯❯ Page 5

Back to contents




0

4

8

12

16

20





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



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


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


News

Back to contents



0

2

4

6

8

10

0

4

8

12

16

20

Feb2014

Dec2013

Oct2013

Aug2013

Jun2013

Apr2013

Feb2013

$M

MBt

u


Sour

ce N

YMEX

US

Dep

t of E

nerg

y


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






IFO 380 IFO 180 MDO

IFO 380 IFO 180 MDO



Fujairah 59850 59100 127 63400 62750 104 na na na

Houston 59800 58700 187 65600 65150 069 na na na


Singapore 58300 58300 000 60600 60600 000 91500 89800 189



0

5

10

15

20

25

11 Apr2014


NBPEAX

$M

Mbt

u


Back to contents



Tenders



Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated


01042014 TBC 24032014


25032014 Awarded 11042014


03042014 Awarded 09042014


01022014-28022014

Awarded 02042014












Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014






Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Market Report

Back to contents





























❯❯

❯❯ Page 5

Back to contents




0

4

8

12

16

20





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



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


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


News

Back to contents



0

2

4

6

8

10

0

4

8

12

16

20

Feb2014

Dec2013

Oct2013

Aug2013

Jun2013

Apr2013

Feb2013

$M

MBt

u


Sour

ce N

YMEX

US

Dep

t of E

nerg

y


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






IFO 380 IFO 180 MDO

IFO 380 IFO 180 MDO



Fujairah 59850 59100 127 63400 62750 104 na na na

Houston 59800 58700 187 65600 65150 069 na na na


Singapore 58300 58300 000 60600 60600 000 91500 89800 189



0

5

10

15

20

25

11 Apr2014


NBPEAX

$M

Mbt

u


Back to contents



Tenders



Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated


01042014 TBC 24032014


25032014 Awarded 11042014


03042014 Awarded 09042014


01022014-28022014

Awarded 02042014












Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014






Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Back to contents




0

4

8

12

16

20





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



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


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


News

Back to contents



0

2

4

6

8

10

0

4

8

12

16

20

Feb2014

Dec2013

Oct2013

Aug2013

Jun2013

Apr2013

Feb2013

$M

MBt

u


Sour

ce N

YMEX

US

Dep

t of E

nerg

y


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






IFO 380 IFO 180 MDO

IFO 380 IFO 180 MDO



Fujairah 59850 59100 127 63400 62750 104 na na na

Houston 59800 58700 187 65600 65150 069 na na na


Singapore 58300 58300 000 60600 60600 000 91500 89800 189



0

5

10

15

20

25

11 Apr2014


NBPEAX

$M

Mbt

u


Back to contents



Tenders



Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated


01042014 TBC 24032014


25032014 Awarded 11042014


03042014 Awarded 09042014


01022014-28022014

Awarded 02042014












Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014






Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















News

Back to contents



0

2

4

6

8

10

0

4

8

12

16

20

Feb2014

Dec2013

Oct2013

Aug2013

Jun2013

Apr2013

Feb2013

$M

MBt

u


Sour

ce N

YMEX

US

Dep

t of E

nerg

y


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






IFO 380 IFO 180 MDO

IFO 380 IFO 180 MDO



Fujairah 59850 59100 127 63400 62750 104 na na na

Houston 59800 58700 187 65600 65150 069 na na na


Singapore 58300 58300 000 60600 60600 000 91500 89800 189



0

5

10

15

20

25

11 Apr2014


NBPEAX

$M

Mbt

u


Back to contents



Tenders



Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated


01042014 TBC 24032014


25032014 Awarded 11042014


03042014 Awarded 09042014


01022014-28022014

Awarded 02042014












Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014






Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Back to contents



Tenders



Buysell Tenderer


No of cargoes


DeliveryLifting end

Tender open

Tender close Status

Information updated


01042014 TBC 24032014


25032014 Awarded 11042014


03042014 Awarded 09042014


01022014-28022014

Awarded 02042014












Escobar1 01042014 07042014 14022014 19022014 Awarded 21022014






Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Trades

Back to contents





dateDelivery period

Price $MMBtu


updated









ENARSAGAS NATURAL




KYUSHU ELECTRIC



EtoshaSoyo

Zhejiang Ningbo

11042014







Bay11042014





ENARSAGAS NATURAL



CHUBU ELECTRIC












Guanabara Bay

01042014


Bay01042014


ENARSAGAS NATURAL


TEPCO BP16012014 - 15022014

01042014$1900sMMBtu


GAILEXCELERATE





Bay13032014


Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Trades

Back to contents





dateLifting period

Price $MMBtu


updated

EXCELERATE ENERGY

GAS NATURAL FENOSA







EXCELERATE ENERGY
























ZeebruggeGuanabara

Bay10032014



GAILGAS NATURAL



BostonPoint Fortin

Guanabara Bay

20032014

ENARSAGAS NATURAL


ENARSAGAS NATURAL




Guanabara Bay

10032014



Bay24022014




dateDelivery period

Price $MMBtu


updated

News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















News

Back to contents

































News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















News

Back to contents
































News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















News

Back to contents




































News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















News

Back to contents

































News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























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News Briefs








































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Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


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Focus




































Tanker Movements

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Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

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ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















News

Back to contents




































Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Back to contents



Stocks

EUROPEAN STOCKS


Hub Area


Week-on-week Change


Year on year

Stock Level

FullStock Level



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


Total 30756 4174 29811 4046 944 128 73678 1434 2741











Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Back to contents



Stocks

US STOCKS



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



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























Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Back to contents



News Briefs








































Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Back to contents



Focus

❯❯

















DEN

KO

U IM

AG

ESREX FEA

TURES


Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Back to contents



Focus




































Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Tanker Movements

Back to contents



























































Last seen


ATLANTIC BASIN

Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Tanker Movements

Back to contents



ATLANTIC BASIN



































Last seen


Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Tanker Movements

Back to contents






ASIA-PACIFIC BASIN
























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Tanker Movements

Back to contents



ASIA-PACIFIC BASIN























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Tanker Movements

Back to contents



ASIA-PACIFIC BASIN






(SONANGOL)




















































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Tanker Movements

Back to contents



ASIA-PACIFIC BASIN

























































Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Tanker Movements

Back to contents



ASIA-PACIFIC BASIN


















































03052014 0800 17042014 0957 193 DYNAGAS LTD







Back to contents



GLM Comment












energysalesiciscom





















Back to contents



GLM Comment












energysalesiciscom





















Heren LNG Markets Daily - Chemical Industry News ... · India DES July '14 12.900 -0.050 I ......

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Transcript of Heren LNG Markets Daily - Chemical Industry News ... · India DES July '14 12.900 -0.050 I ......