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China Gas: Record Domestic Output & Piped Russian Imports Cut Need For LNG
...erland volumes from Russia since the start up of the ‘Power of Siberia’ pipeline at the end of 2019. For 2021 these volumes hit 10bcm, and deliveries saw a further 63% year on year surge to 7.6bcm for 1H 2022. As such LNG’s share of China’s gas imports has fallen below 60% for the first time since 2017, wi...
Volume: 65Issue: 30Published at Fri, 29 Jul 2022 -
Thailand Crude Imports: UAE Dominant, Mideast Share Squeezed
...*Key southeast Asian crude importer Thailand saw volumes slump 7% year-on-year to 988,000 b/d for 1H 2021, the first sub-1mn b/d first half figure since 2017. *Thailand has seen far fewer Covid-19 deaths than most countries in Europe or the Americas but is currently seeing the hi...
Volume: 64Issue: 30Published at Fri, 30 Jul 2021 -
Thailand LNG: Record Imports, Qatar Dominant
...ar figure of 1.59mn tons, up 72% year-on-year. Qatar’s 1H 2021 market share of 49.8% is the highest on a half-year basis since 2017, with the share hitting 51.4% for Q2 as Qatar supplied a quarterly record 1.04mn tons. *Nigeria and Malaysia were second and third respectively for 1H 2021, wi...
Volume: 64Issue: 30Published at Fri, 30 Jul 2021 -
Hormuz Escalation Spooks Major Asian Economies
...y of 420,000 b/d this year. The US has been making huge inroads into the Korean market, with volumes breaking records for the past five consecutive quarters. Having averaged just 36,000 b/d over the course of 2017, 2Q 2019 volumes averaged a massive 325,000 b/d. This was sufficient to place the US...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
LNG Start-Ups To Peak, Then Slump
...ertaking Qatar (77mn t/y) as the world’s top LNG exporter. Actual Australian 2017 exports were 56.2mn tons, with the country set to add a further 21.4mn t of capacity this year (and of course the 9.7mn t/y of capacity added during 2017 was not operating for the whole of the year). • With in...
Volume: 61Issue: 30Published at Fri, 27 Jul 2018 -
US Firms Scale Back Investment, Claim Output Unaffected
...With WTI stuck below $50/B almost continuously since late-April, US-focused majors and large independents have dialed back on 2017 capex. They claim output will rise nonetheless. Achieving this in the short term looks feasible. Longer-term will be more tricky. US-focused E&Ps responded to th...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Opec Winning Back Market Share in Key Asian Markets
...recasts by 100,000 b/d for 2016 due to unexpected European resilience in its latest Oil Market Report, published 13 July, it still sees Asia as the key driver of global demand growth, up 900,000 b/d in 2016 and 840,000 b/d in 2017. In particular, it sees India and China driving growth in 2017, at 28...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016