CHINA'S LNG IMPORTS UP 48.4%
PLATTS - China overtook South Korea to become the world's second-largest LNG importing country in 2017, according to completed voyage data compiled by S&P Global Platts trade flow software cFlow.
Northeast Asia's four largest buyers imported a total of 172.28 million mt in 2017, up 12.65% year on year.
Chinese imports of LNG in 2017 totaled 37.89 million mt, up 48.4% year on year, while imports by South Korea totaled 36.51 million mt, up 10.81% year on year.
Japan retained its position as the world's top importer, receiving 81.61 million mt in 2017, up 2.28% year on year. Northeast Asia's fourth-largest importer, Taiwan, imported 11% more in 2017 at 16.27 million mt.
In December, China imported 5.05 million mt of LNG, up 38.25% year on year, registering its single highest ever monthly import volume since it started importing LNG in 2006.
Japan imported 7.6 million mt of LNG in December, up 0.82% year on year.
Northeast Asian LNG imports (all figures in million mt)
|Dec 2016||Dec 2017||% Change on year|
|Full-year 2016||Full-year 2017||% Change on year|
|October, 15, 12:30:00|
|October, 15, 12:25:00|
|October, 15, 12:20:00|
|October, 15, 12:15:00|
|October, 15, 12:10:00|
|October, 15, 12:05:00|
GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).
BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.
REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.
EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.