Kpler EU Gas Weekly (Shortage of Gas in Southern Europe)

Originally released on 19 January 2017

EUROPEAN MARKET

North West Europe: Lineup and Inventories

Market Updates

The Skikda terminal is still shut down due to ongoing maintenance. There are currently no liftings expected to take place this week and no clear information on the restart date. Meanwhile, vessels Cheikh El Mokrani and Cheikh Bouamama load at Bethiua instead and deliver LNG cargoes to its usual destinations. Feel free to add them to you Watchlist to receive updates on their voyages.

The shortage of gas in Southern Europe due to cold weather, reduced LNG supply and induced congestion in pipelines, has created additional opportunities for European reload with local deliveries. There was already two reloads in January, with four more expected in the next few weeks.

Forecasted Vessels

  • South Hook:
Currently, there is only one vessel expected at the terminal –  Al Hamla, ETA 20-February. The vessel is now ballasting toward Ras Laffan across the Suez Canal.
  • Gate:
Petrobras’s Esshu Maru is now ballasting toward the plant where she is scheduled to reload, ETA 26-January.
  • Grain:

Centrica’s Yari LNG is now reloading at the terminal and is expected to deliver to Dahej, ETA 8-February.

Centrica’s Gaslog Chelsea will reload at the terminal on 7-February. The vessel is now crossing the Suez Canal.

  • Zeebrugge:

Express arrived with her reloaded cargo from Zeebrugge outside the Caofeidian terminal, and was floating there since 29-December. Now, the vessel diverted and headed toward Dahej, ETA 31-January.

Christophe De Margerie is about to reach the terminal for a reload, ETA 20-January. The quantity remains uncertain due to limited amount of LNG in tanks.

  • Dunkerque:
Murwab is now making her laden voyage toward the plant with her Ras Laffan-sourced, ETA 22-January.
  • Montoir:
Engie’s Gdf Suez Point Fortin reloaded at the terminal on 16-December and is now headed toward Fos Cavaou, ETA 24-January.
  • Rovigo:
Al Marrouna is delayed to discharge at Rovigo due to bad weather conditions. Initial ETA was 16-January, and now the vessel is floating off of the terminal.
There is one more vessel expected at the terminal:

To Keep on Your Radar

Milaha Qatar loaded at Ras Laffan on 12-January and is now crossing the Red Sea. Her potential destinations are in Europe.

Al Bahiya loaded at Ras Laffan on 14-January and is now signalling for Mediterranean sea, ETA 30-January.

Al Samriya loaded at Ras Laffan on 17-January, and her destination is not yet clear.

 

LNG Data Analysis

Ras Laffan Cargo Liftings Weekly
This week we observed a higher number of cargoes coming from Ras Laffan, with the majority of vessels headed toward Far East.
European Stocks and Send-outs

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

At South Hook, we observed a stable send-out level of 92.59 GWh/d.
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