- Shell’s Sea Bird, ex-Nederland, originally signaled for Panama Canal but is now heading to take the long route.
- Petredec’s Bw Malacca, ex-Entreprise and Jose, signaling for Teluk Semangka, ETA 12-Nov.
EDF has fixed its third VLGC for 2017. EDF’s Concorde is expected to load at Houston on 20-Nov.
As India is bracing for the winter, IOC, HPCL and BPCL have fixed 6 VLGCs for the 2H of October out of the Persian Gulf:
BP’s British Councillor, ex-Enterprise, is expected to discharge at Terneuzen, ETA 21-Oct.
Statoil’s Clipper Jupiter loaded at Hammerfest and is signaling for Stenungsund, ETA 19-Oct.
Shell’s Sansovino, ex-Kaarsto, is signaling for Gibraltar, ETA 22-Oct. She is expected to discharge at Turkey by Early November.
Shell’s Captain Markos Nl has left Nipah Anchorage and is signalling for Calaca, ETA 18-Oct. She has been at the Anchorage acting as a Floating Storage since Dec 2016.
Geogas’ Clipper Moon, ex-Targa, is currently discharging her cargo via STS with Bw Gemini at Ocoa Bay Anchorage. The latter is acting as a floating storage at Ocoa Bay Anchorage since the beginning of September.
Iran LPG Exports in the Post-Sanctions Era
Following the official lift of its sanction in June, 2016, Iran is striving to increase its LPG production and reach new markets. The country has managed to increase exports from 2888 Kt in 2015 to 3719 Kt, as of September 2017.
As mentioned last week, Iran has found a new partner in the face of Indonesia, where the country’s government agreed to purchase more than 500,000 tonnes of LPG from Iran in 2017.
Looking at the Iran LPG exports per month for the last three years, Iran has quickly grown monthly exports in the post-sanctions period that consistently exceed 300 Kt.
Since entering service in 2016, the field has suffered a number of unplanned disruptions in its production, especially in the marine pipeline transferring the condensate to the process plant inland (gas leakage in Jan 2017 resulted in shut down of production).
Where is the Iranian LPG headed?
In spite of the fall in China’s share of imports, it still remains as Iran’s biggest LPG importer with 70% share according to KPLER data. In addition, Iranian cargoes are now flowing to Indonesia (bilateral agreement to provide LPG from 2016 onward), India (bilateral deal to import Iranian LPG from 2017 onward) and Pakistan (signed agreement in May, 2016). The total share per country is subject to change until the end of the year 2017.