Kpler Oil (North Sea Floating Storage)

Originally Released on 16 June 2017

U.S top export terminals

SInce December 2016, Kpler data revealed 17 terminals exporting U.S. crude from Houston, Corpus Christi and New Orleans and Port Arthur ports. Five of these ports accounted for more than 50% of all U.S. seaborne exports of crude, as shown below:

U.S. top export terminals – seaborne

Oxy Ingleside is the terminal exporting the highest quantities of crude oil. It began operations in October 2016 and has since reached levels of 210 kbd in April and 180 kbd in May. Initial Kpler estimates hold that June exports from Oxy Ingleside  should end the month in the 200 kbd range, if loadings continue at the same pace.

The VLCC Anne entered Corpus Christi port earlier this year to perform compatibility tests. Local news stations reported that Anne loaded approximately 1 million barrels at port. However, Kpler system confirmed that she actually loaded a full cargo of heavy crude in Venezuela with a destination of Zhanjiang, China.

Light Sweet

North sea floating storage
BFOE floating storage slightly increased close to 8 million barrels aboard 6 Aframax and 2 VLCCs. These vessels are holding:

  • 6.2 million barrels of Forties
  • 1.2 million barrels of Ekofisk
  • 600 thousand barrels of Oseberg
Forties to Asia
Forties shipments to Asia showed strength in May attaining a record 335 kbd. Three VLCCs are headed towards South Korea and the two others towards China.
In June, 1 VLCC already loaded at Hound Point, and 3 more VLCCs signaled Hound point with a June ETA.

 

Ras Lanuf
Libyan terminal Ras Lanuf has resumed crude loadings following a 6-month shut down. Aframax Seaoath docked yesterday morning, chartered by ENI. Ras Lanuf represents a potential 200 kbd of additional light sweet crude, which was the levels of exports back since 2013.
WAF crude
China imports of WAF grades attained a record high in May. The country imported 1.55 million barrels per day of West African crude, which is an historical record.

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Kpler EU Gas (Wilpride expected at Zeebrugge on 28 June)

Originally Released on 15 June 2017

EUROPEAN MARKET

North West Europe: Lineup and Inventories

Spain: Lineup and Inventories

 

Forecasted Vessels

South Hook:

The line-up for the terminal has been confirmed by the market as following:
  • Al Mafyar, ETA 4-July, confirmed by AIS
  • Zarga, ETA 2-July, confirmed by AIS
Grain:
Sonatrach’s Tessala loaded at Bethioua on 11-June and is now signalling for Grain, ETA 18-June.
Zeebrugge:
Rasgas’ Wilpride is expected by the Port Authorities to deliver a Ras Laffan-sourced cargo on on 28-June.
Montoir:
The Port Authorities do currently expect three vessels to arrive in the next few days:
Barcelona:

Shell’s Scf Melampus is still expected to arrive with her Peru LNG-sourced cargo on 16-June according to the Port Authoroties.

RasGas’ Al Aamriya loaded at Ras Laffan on 10-June and took a route via the Cape of Good Hope to deliver a cargo to Barcelona, ETA 16-July according to her AIS.

Rasgas’ Murwab is currently lifting a cargo at Ras Laffan and is expected by Kpler analysts to deliver it to Barcelona, ETA 4-July,

Rovigo:

To Keep on Your Radar

Qatargas’ Al Ghashamiya has confirmed Mediterranean Sea as her direction per AIS. Kpler Analysts see her as a potential discharge in NWE, ETA 25-June.

Rasgas’ Al Jassasiya lifted a cargo at Ras Laffan on 8-June and is headed toward the Suez Canal with potential destinations in Europe.

Qatargas’ Al Nuaman loaded at Ras Laffan on 11-June and is now signalling toward the Red Sea with no clear destination.

LNG Data Analysis

Ras Laffan Cargo Liftings Weekly

This week we observe the majourity of vessels headed toward Far East and Europe.
European Stocks and Send-outs

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

At South Hook, we observed a slightly decreased average send-out level of 62.58 GWh/d this week.
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Kpler LNG (Beidou Star – tender cargo export from Gorgon)

Originally Released on 15 June 2017

Interesting Moves 

After floating in the Indian Ocean, Soyo updated her destination to Ain Sokhna, ETA 17-June. The vessel loaded at Soyo on 21-May. Another tender cargo on board Maran Gas Pericles is expected to be delivered to the Middle East.

Exxon’s Beidou Star loaded a tender cargo at Gorgon on 9-June and is currently signalling for SGP area, ETA  22-June.

Sonatrach’s Tessala loaded at Bethioua on 11-June and will deliver to Grain, ETA 18-June.

Petronas’ Seri Camellia lifted a cargo at PFLNG 1 on 14-June and is now floating offshore of Bintulu. Her future destination is not yet clear.

Trafigura’s Golar Ice loaded at Bethioua on 29-May and is expected to discharge in the Middle East. The vessel made a u-turn around the Farur Island and is now headed toward Jebel Ali according to her route.

Qatargas’ Umm Slal loaded at Ras Laffan on 12-June and is now headed toward Kochi, ETA 19-June.

RasGas’ Al Aamriya loaded at Ras Laffan on 10-June and took a route via the Cape of Good Hope to deliver a cargo to Barcelona, ETA 16-July according to her AIS.

Seri Bakti loaded at QCLNG on 30-May and arrived at the Subic Bay on 13-June and is now performing a STS with Polar Spirit. Previous STS cargoes were delivered from Subic Bay to China.

Gas Natural’s Catalunya Spirit lifted a cargo at Atlantic LNG on 8-June for a potential STS operation with Golar Arctic offshore of Jamaica.

Newbuild Shell’s bunkering vessel Cardissa is currently on her way to Gate where she will be operating, ETA 12-July.

Floating Storage Update

Currently, we observe eight floating cargoes on water:

Three vessels are floating at the Chaguaramas anchorage. Gas Natural’s Iberica Knutsen loaded at Atlantic LNG and is now waiting for her discharge at Ponce, ETA 23-June.

BP’s British Trader arrived at Gibraltar with her Atlantic LNG-sourced cargo on 5-June and is floating there since then. Her next destination is not yet clear.

Engie’s Bw Gdf Suez Brussels loaded at Idku on 26-May and was signalling for S. Korea, ETA 2-July. Since 7-June the vessel is floating at the Fujairah anchorage.

Shell’s Gaslog Glasgow loaded at Bonny on 12-May and was floating for two weeks offshore of Mauritius. Now the vessel is making her laden voyage toward the Red Sea.

New Mapping for Ain Sokhna

With the repositioning of the second FSRU BW Singapore at the Ain Sokhna port, we made a new mapping and introduced new names for the terminals. From now on, the terminal with Hoegh Gallant will be called Ain Sokhna FSRU 1, and the terminal with BW Singapore – Ain Sokhna FSRU 2.

Both installations are included in the zone called Ain Sokhna, where you can check their aggregated flows. Please note that all the names were updated accordingly in the database.

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Kpler LPG (Pyxis Alfa, Gas Young, Albert III – VLGC newbuilds)

Originally Released on 15 June 2017

Vessels

Americas

Phillips 66’s Bw Freyja diverted from Cristobal Anchorage and is expected to pass the Cape of Good Hope (COGH) to discharge her cargo in the FE. She is expected to arrive at SGP Area by 14-Jul, but her exact destination is yet to be confirmed by her AIS signal.

Glencore’s British Courage is currently heading to discharge her 44 Kt cargo (22:22) via STS at Lomé Anchorage, ex-Enterprise, ETA 26-Jun.

This week, Bw Tokyo is passing the Cape of Good Hope (COGH) to reach her destination in Houston, ETA 6-Jul.

Last week, we talked about Js Ineos Intrepid who has switched to LPG after more than one year of ethane cargo transfer from Marcus Hook to Rafnes. She is currently discharging her cargo at Tallabao, ex-Kaarstoe. This week, another switch from ethane to LPG happened with Navigator Aurora who has been fixed by Borealis for a 10-year TC to supply US ethane to Stenungsund after almost one year of carrying LPG in Europe. She is now signalling an ETA for Houston for 17-Jun and is expected to load her first ethane cargo out of Morgans Point.
above: Navigator Aurora’s switch from LPG to Ethane

Europe/Mediterranean

After discharging her 32 Kt cargo at Newington, ex-Kaarstoe, Polar proceeded to reload at Targa. Statoil’s LGC is now on her way to discharge her cargo at Terneuzen, ETA 23-Jun.

Besides Polar, Captain Nicholas Ml has signaled for Flushing, ETA 27-Jun. 2 other VLGC’s that had signaled earlier for Europe, Mercuria’s Corvette and Petredec’s Clipper Victory are also on their way to discharge at Lavera (ETA 18-Jun) and Tarragona (ETA 30-Jun) respectively.

1 VLGC, 1 LGC and 1 MGC are expected to discharge their cargoes in Turkey, ex-Bethioua:

  • Exxon Mobil’s Al Wukir, to arrive at Dortyol Port, ETA 16-Jun.
  • Sonatrach’s Alrar, currently waiting in front of Yarimca-Izmit Port to discharge her cargo in the upcoming days.
  • Sonatrach’s Berga li, to arrive at Dortyol Port, ETA 17-Jun.
After completing her load at Al Ruwais, Petredec’s Gas Friend proceeded to discharge her cargo via STS with Isis Gas at Suez STS. She is now ballast in the Red Sea, waiting for her next destination to be confirmed.

 

Africa

2 VLGC’s are expected to load in WAF in the upcoming days:

Asia
Petredec’s G. Swan loaded her 44 Kt cargo at NWS and is now heading to Pyeong Taek for discharge. The last cargo delivery from Australia to S. Korea dates back to Nov. 2016.
Shaamit has signaled for Teluk Semangka, ex-Nederland (46 Kt propane). Shell’s VLGC is expected to arrive there by 17-Jun.
Newbuilds Focus
We are seeing some newbuilds being added to the fleet since May, including 3 VLGC’s:
  • Pyxis Alfa (82,200 cm), fixed by Petredec to pick up her first cargo out of Yanbu. She is now on her way to discharge in the FE.
  • Gas Young (80,000 cm), TC under Shell until Oct-2024. She is currently heading to load her first cargo at Ras Laffan.
  • Albert Iii (84,000 cm), expected to load at US Gulf Coast by the end of June.
  • Seasurfer (38,000 cm), currently on her way to discharge at Tuxpan Port, ETA 17-Jun, ex-Targa. She had completed her loading at Targa as her very first voyage, only to discharge it via STS at Ocoa Bay.
  • Quebec (38,000 cm), after completing her first LPG voyage from Al Ruwais to India, she has switched to Ammonia and is expected to load Ras Al Khair for FE discharge under Maaden Ammonia.
  • Js Ineos Invention (27,500 cm), already completed her first voyage, delivering her 15 Kt ethane cargo from Marcus Hook to Rafnes.
  • Emilius (21,000 cm), Petredec’s newbuild joined the fleet at the end of March and has already completed her first two voyages. She is currently ballast at Richards Bay.
  • Zita Schulte (12,000 cm), fixed by Sabis for her first voyage to pick up her ethylene cargo to be delivered in Asia later in the second half of June.
  • Eco Frost (22,000 cm), fixed by Myungshin to pick up her first butadiene cargo out of Asaluyeh terminal, only to discharge in the FE later in July. She is currently waiting in front of the installation to load her cargo.
  • Loxley (13,000 cm), TC under Vitol. She will be available in the SGP Area around 18-June.
  • Earth Summit (21,000 cm), Petredec’s newbuild is reported to be available in Korea around 22-Jun, according to the market.

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Kpler US Gas (Bw Gdf Suez Everett load from Atlantic LNG)

Originally Released on 14 July 2017

US MARKET

Sabine Pass Inventories

We observed a stable average send-in level of 2.15 Bcf/d this week.

 

Sabine Pass: Lineup 

Currently, two vessels are loading at the terminal and ten vessels are expected to arrive in the next few weeks. Also, several Kogas’ vessels are ballasting now toward Sabine Pass to load their cargoes:

Eligible Vessels for Sabine Pass 

There are several ballast vessels heading toward the Americas with no clear destination:

Main Highlights

Engie’s Bw Gdf Suez Everett loaded at Atlantic LNG on 12-June and is now headed toward Everett, ETA 18-June.

Engie’s Bw Gdf Suez Boston discharged her Atlantic LNG cargo at Everett on 9-June and is now ballasting toward NWE.

Cheniere’s Cool Voyager loaded at Sabine Pass on 26-May and is currently crossing the S. Atlantic toward the Indian Ocean with no clear destination.

Shell’s Maran Gas Apollonia lifted a cargo at Sabine Pass on 25-May and is now crossing the Mediterranean Sea. Her destination is not yet clear.

Sabine Pass Exports

LNG exports had reached a record high in May 2017 with 1.30 Mt:

Sabine Pass Monthly Exports by Trade Status

Panama Canal Transit 
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Kpler LNG (Qatari vessels diverting from South Hook)

Originally Released on 8 June 2017

Market Updates

Currently, we receive the alert from Kpler’s system for potential diversions taking place at the Gulf of Aden. Two Qatargas’ vessels expected by the market to arrive from Ras Laffan to South Hook are changing their directions:


Aqaba will receive their first Algerian cargo aboard Sonatrach’s Ougarta, ETA 11-June. The trade have been executed by BB Energy.

Guanghui Energy’s new Qidong terminal is now receiving their commissioning cargo aboard Grace Acacia. She reloaded the cargo from SLNG on 25-May.

Kogas’ first contract cargo onboard SM Eagle from Sabine Pass Train 3 has left the plant on 2-June and is delivering to Pyeong Taek, ETA 2-July. Also, other Kogas’ vessels are ballasting now toward Sabine Pass to load their cargoes:

Ain Sokhna is currently expecting four vessels to arrive from Ras Laffan in the next few days:

Shell’s Maran Gas Amphipolis was initially expected to discharge her Sabine Pass cargo at MAAGP on 7-June, but now she finally delivered to Jebel Ali on 8-June.

Interesting Moves 

Diversion Alert:  LNG Lagos Ii loaded at Bonny on 28-May and is expected by the Port Authorities to deliver to Montoir on 17-June. The vessel is now making a u-turn and is headed towards the opposite direction at 12.3 kn:

Al Sahla loaded a cargo at Ras Laffan on 8-May and partially discharged it at Dahej on 16-May. The vessel then was anchored at Ras Laffan, and started moving on 8-June towards MAAGP with ETA 9-June. Kpler analysts have derived that this is the most probable scenario. Please add the vessel to your Watchlist to track its’ further changes.

Currently, two backhaul cargoes are expected to arrive to Europe. Rasgas’ Wilforce is expected at Barcelona on 15-June with her Ras Laffan cargo. Rasgas’ Wilpride is expected to load her backhaul cargo at Ras Laffan on 9-June and deliver it to Zeebrugge on 28-June. The vessel is currently ballasting toward the loading terminal.

Shell’s Maran Gas Hector is now floating offshore of Altamira with her Sabine Pass cargo and expectedby Kpler analysts  to discharge on 8-June.

Statoil’s Arctic Voyager loaded at Bonny on 3-June and is delivering to Huelva, ETA 14-June.

Shell’s Lena River is currently ballasting offshore of Kochi with the potenital option to reload. Please add her to your Watchlist to track any updates.

Imports and Exports

LNG exports had reached a record high for some countries in May 2017:

Sabine Pass Monthly Exports by Trade Status

Australian Monthly Exports by Origin Installations

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Kpler EU Gas (Ribera Del Duero Knutsen delivering to Sines in June 2017)

Originally Released on 1 June 2017

EUROPEAN MARKET

North West Europe: Lineup and Inventories

 

Spain: Lineup and Inventories

 

Forecasted Vessels

  • South Hook:
The line-up for the terminal has been updated as following:
Rasheeda, ETA 4-June
Al Mafyar, ETA 20-June
Zarga, ETA 28-June
  • Dragon:
Qatargas’ Al Gharrafa is delivering her Ras Laffan cargo on 1-June, according to the Port Authorities
  • Zeebrugge:
Rasgas’ Woodside Rees Withers will discharge her Ras Laffan cargo at the terminal on 4-June.
Currently, two backhaul cargoes are expected to arrive from Ras Laffan onboard Wilforce, ETA 18-June and Wilpride, ETA 28-June.
  • Gate:

Qatargas’ Al Bahiya is now discharging her Ras Laffan cargo at the terminal.

Statoil’s Arctic Discoverer is currently making her laden voyage toward the terminal with her Sabine Pass cargo, ETA 7-June.

  • Swinoujscie:

Cheniere’s Clean Ocean is delivering her Sabine Pass cargo for PGNiG on 7-June. This is the second cargo from Sabine Pass to NWE.

Qatargas’ Al Ruwais loaded at Ras Laffan on 28-May and is discharging a cargo at the terminal on 19-June, according to her AIS signal.

  • Toscana:
Lalla Fatma N’Soumer arrived with her tender Bethioua-sourced cargo on 31-May and is now discharging at the terminal.
  • Sines:
Gas Natural’s Ribera Del Duero Knutsen lifted a cargo at Sabine Pass on 30-May and is now making her laden voyage toward the plant, ETA 13-June.
  • Rovigo

Al Daayen is currently discharging at the terminal

Al Marrouna, ETA 4-June

To Keep on Your Radar

Rasgas’ Al Kharsaah lifted a cargo at Ras Laffan on 25-May and according to Kpler analysts she will discharge in Europe.

Rasgas’ Ejnan loaded at Ras Laffan on 27-May and is now headed toward the Suez Canal with no clear destination.

 

LNG Data Analysis

Ras Laffan Cargo Liftings Weekly

This week we observe more vessels headed toward Europe.
European Stocks and Send-outsEuropean Stocks and Send-Outs are computed Thursday-Thursday (@ 6:00 AM).

At South Hook, we observed a slightly decreased average send-out level of 211.16 GWh/d this week.
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