Morocco’s LPG demand shows early signs of increase in November, as winter approaches to the region. The following MGC and LGC vessels delivered cargo to Morocco on the first half of November:
- Petredec’s Balearic Gas, ex-Fawley, discharged at Jorf Lasfar on 3-Nov.
- Sonatrach’s Rhourd Enouss, ex-Bethioua, discharged at Mohammedia on 5-Nov.
- Essex, ex-Braefoot Bay Shell, discharged part of her cargo at Tanger on 12-Nov and is currently waiting in front of Jorf Lasfar to discharge the rest of her cargo.
The following LGC vessel is expected at Morocco on the second half of November:
- Petredec’s George N, ex-Targa, is heading to discharge at Mohammedia, ETA 22-Nov.
Shell’s Aisling, ex-Nederland, is currently discharging her maiden cargo at Kalbut, Indonesia.
Petredec’s Hellas Fos, ex-Sitra and Al Ruwais, is signalling for Teluk Semangka, ETA 2-Dec.
Originally signalling for Male Anchorage, Shell’s Sinndar updated her AIS signal and is now heading to discharge her cargo at Kalbut, ETA 3-Dec.
After 6 month of Floating Storage at Male Anchorage, Shell’s Lubara left her position and is heading towards Sri Lanka.
ExxonMobil’s Al Wuki loaded her cargo at Oso. Her exact discharge destination is yet to be confirmed.
BP’s Pacific Binzhou, loaded her cargo at Soyo and will head to discharge at FE. Her exact discharge destination is yet to be confirmed.
Eletson’s Symi, currently loading at N’Kossa, is signalling for Lavera, ETA 8-Dec.
Argentina Breaks from a Decade of Seasonality Restriction
The El Orejano block is part of the Vaca Muerta shale gas deposit in Argentina’s Neuquén province and accounts for some 300 Tcf of gas resources. Argentina’s state oil company YPF signed an agreement to develop the block with Dow Argentina, the local unit of US group Dow Chemical. In December 2016, the field has reached its production level after two years of development, significantly improving the country’s shale and gas production.
For the last decade, the Argentinean government restricted gas supplies during the region’s winter period of June through August, shifting from industrial availability to consumption for heating and other residential uses.
Kpler data reveal that after years of LPG supply availability being seasonally restricted for petrochemical producers and other industrial users, 77Kt of LPG exports were tracked during the June-August period.
The first year without LPG curtailments is an early indication of Argentina’s energy recovery.
Where is the Argentinean LPG headed?
The port of Bahia Blanca is the most important center of the Argentinean LPG exports. Kpler data reveal that S.America is the main destination of the LPG, where Brazil is the dominant buyer, with 345Kt delivered for 2017, Ecuador has taken 59Kt, followed by Dominican Republic and Puerto Rico with 34Kt and 33Kt respectively.
The Dominant LPG Exporter of South America
S.American countries have exported 928Kt of LPG in 2017, mid-November figures. Kper data suggest that Argentina is the main LPG exporter of the region, accounting for 58% of regional exports or 536Kt, followed by Venezuela with a 22% and Chile with 7%.