E.U. Gas Weekly (Released on 27 October 2016)

EUROPEAN MARKET

North West Europe: Lineup and Inventories

Forecasted Vessels
  • South Hook:
We still expect only two vessels to arrive at the terminal in the next few weeks:
  • Al Hamla, ETA 7-November (AIS). The vessel is currently anchored off of Malta.
  • Aamira, ETA 18-November. The vessel is currently cloading at the Ras Laffan berth.
  • Zeebrugge:

The terminal is expecting only one discharge operation in the following weeks on board Bw Gdf Suez Paris, ETA 3-November. The vessel is now crossing the Mediterranean Sea.

Eni’s Wilforce is making her laden voyage with her reload cargo from Zeebrugge, and is expected to deliver it at Jebel Ali on 3-November (AIS).

  • Grain:
Centrica’s Stena Crystal Sky arrived at the terminal on 17-October, and left on 19-October. The vessel came back on 25-October to reload, and is currently docked at the berth.
  • Gate:
Kpler analysts still expect a reload at the port, with Wilpride as a potential vessel for the lifting.
  • Fos Cavaou:

We expect two reload and six discharge operations at the terminal in November.

There is a short maintenance planned for 3-November.

  • Rovigo:
There are two vessels scheduled to discharge at the terminal:

To Keep on Your Radar

Al Kharaitiyat loaded at Ras Laffan on 20-October, and is now crossing the Red Sea. The vessel is indicating Europe as her destination, ETA 7-November.

Al Khuwair loaded on 12-November, and is currently making her laden voyage toward Swinoujscie, ETA 12-November.

Trafigura’s Energy Atlantic is about to arrive at Gibraltar, where she is expected to be anchored for some time. Then, the vessel is expected by the port to arrive at Sines, ETA 5-November. Initially, she was expected at NWE for reload.

Umm Slal has not updated her AIS for 12 days after loading at Ras Laffan on 15-October. The vessel is now crossing the Indian Ocean toward Far East.

BP’s British Merchant arrived in the East Mediterranean with her Atlantic LNG-sourced cargo, and is currently floating there. Her destination is expected to be in the region.

Cheniere’s Oak Spirit loaded at Ras Laffan on 19-October, and is currently anchored at the Fujairah anchorage with no clear destination.

Total’s Meridian Spirit arrived ballast at the Faroe Islands, and is now waiting for orders.

 

LNG Data Analysis

Ras Laffan Cargo Liftings by Destination 

This week we observed a larger number of cargoes going to the Middle East and Europe. The majority of vessels are expected to arrive in the Far East, with South Korea as the dominate destination.

European Stocks and Send-outs

European Stocks and Send-Outs are computed Thursday-Thursday (@ 6:00 AM).

At South Hook, we observed a flat and low send-out level of 66.91 GWh/d.

At Zeebrugge, send-out levels almost reached the tank heel this week, and it did not react to Al Jassasiya discharge on 24-October.

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