Thailand Imports Record LNG For 2022 Despite Higher Prices

...U, twice 2021 levels.   *Qatar has been Thailand’s top supplier every single year since imports began in 2011. But, with Qatar volumes relatively steady, its market share has fallen from over 90% in 2016 to 28.5% for 2022 (see chart). Oman, from where Thailand imported a record 640,000 tons in...

Iraq Fends Off Russia To Retain Top Spot In India

...January 2011.   INDIA’S TOP FIVE* CRUDE SUPPLIERS (‘000 B/D): IRAQ RETAINS TOP SPOT FOR JULY DESPITE RUSSIAN SURGE SINCE MARCH *TOP 5 FOR JAN-JULY 2022. WHILST IRAQ, SAUDI,UAE & THE US WERE THE TOP FOUR FOR 2021, RUSSIA WAS NINTH. SOURCE: INDIA COMMERCE MINISTRY, MEES CALCULATIONS.      ...

Asian LNG Prices Dip As Europe Outcompetes For Spot Cargoes

...pan and India, the latest import data for January indicates that both had already sharply curbed imports rather than compete for top-of-the-market spot supplies. Japan’s January import volume of 6.79mn tons was the lowest for the month since 2011. The average price paid for January dipped from De...

Spain 2021 Crude Imports: Mideast Share Falls To Multi-Decade Low, Again

...d the region’s 14% market share the lowest on record for the second year in a row. Market share is down from as high as 38% in 2011 and 25% as recently as 2018, as Middle Eastern crude increasingly flows to Asia.   *A key factor in this erosion has been the lack of imports from sanctions-hit Ir...

Italy 1h 2021 Crude Imports: Libya Resurgent

...the years prior to Libya’s 2011 revolution Libya was habitually number one, including a whopping 527,000 b/d for 2007 (see chart).   *For 1H 2021 Libya was number two, some 60,000 b/d behind Azerbaijan, though for Q2 Azerbaijan with 208,000 b/d was only fractionally ahead. Iraq was number th...

Libya’s Gas Exports To Italy Collapse To Zero On Plant Outage

...en their output curtailed. *The outages, coupled with already lower supplies so far this year, mean Libya’s first half 321mn cfd exports to Italy were lowest since the 2011 revolution (see chart 2). Natural decline at Wafa and Bahr Essalam, as well as soaring domestic consumption continue to we...

Egypt Gas Surplus At Highest Since 2011

...bdued. Latest figures from Jodi show that domestic consumption was 5.88bn cfd for February, up only fractionally year-on-year.   *The result is a gas surplus that hit 1.17bn cfd for February, the highest figure since December 2011 (see chart). This has in turn enabled LNG exports that leapt to a 10...

Spain 2020 Crude Imports: Record Low Mena Share Amid Libya Collapse

...lumes of 181,000 b/d were the lowest on record, whilst the North Africa total of 63,100 b/d was the second lowest after Libya’s revolutionary year of 2011.   *Spain’s top two suppliers, Nigeria with 220,000 b/d, and Mexico on 160,000 b/d, were the same as 2019, whilst Libya’s collapse saw Saudi cl...

Gulf Drilling Falls To New Lows

...*Latest figures from Baker Hughes show Gulf drilling activity falling further from what were already multi-year lows (MEES, 11 September). For GCC countries the overall November total of 205 was the lowest since March 2011. *Saudi Arabia had just 60 active drilling rigs the lowest figure si...

Korea LNG Imports: Strong Q1 But Downturn Coming?

....3% market share the second lowest quarterly figure since it moved clear of Indonesia as top supplier in 2011.   *Whilst Indonesia is no longer a threat, Australia is. Australia overtook Qatar on a quarterly basis for the first time in Q4 2019 (MEES, 17 January). Qatar did edge back ahead of Au...

Spain: Record Crude Imports, Record Opec, Record Libya

...0 B/D) *LIBYA, SAUDI, NIGERIA & MEXICO WERE THE TOP FOUR COUNTRIES FOR 2017, 2018 AND 1H 2019. RUSSIA AND IRAN ARE THE ONLY TWO OTHER COUNTRIES TO HAVE BEEN TOP ON A QUARTERLY BASIS SINCE 2011. SOURCE: CORES, MEES.   SPAIN CRUDE IMPORTS (‘000 B/D): SIX-YEAR HIGH SAUDI VOLUMES & RECORD LIBYA FILL VO...

Spain 2018 Gas Imports: Record 19.5bcm From Algeria But Volumes Slide In Q4

...LF OF 2018: Q4 VOLUMES WERE THE LOWEST SINCE 2011...

Taiwan LNG Imports: Volumes Up But Qatar Losing Out To Rival Suppliers

...TAIWAN IMPORTED 4.4MN TONS IN Q2, A SEASONAL RECORD BUT QATARI VOLUMES FELL TO 7-YEAR LOW (TOP 6 SUPPLIERS, MN TONS)   QATAR’S MARKET SHARE, AT 30% FOR 1H18, IS ALSO THE LOWEST SINCE 2011 AS RUSSIA  AND AUSTRALIA SAW BOTH RECORD 1H VOLUMES AND MARKET SHARE (%)...

Spain 2Q18 Crude Imports (‘000 B/D): Highest Volumes, Share From Middle East Since Q4 2011; Iran June Volumes Highest Since 2011

Spain Crude Imports From Mena Countries* Hit 9-Year High In Q1: Iran At Highest Since 2011, With March’s 133,200 B/D A Monthly 7-Year High. Libya Volumes At All-Time Record Levels (‘000 B/D)

...*EXCLUDES OCCASIONAL SMALL HISTORICAL VOLUMES FROM TUNISIA (NONE SINCE 2015) AND SYRIA (TO 2011). SOURCE: CORES, MEES.  ...

Spain 2017 Crude Imports ('000 B/D): Strong Iran And Libya Recovery Raises Mideast Volumes To 6-Year High

...*CHANGE EXPRESSED IN PERCENTAGE POINT TERMS.   SPAIN CRUDE IMPORTS FROM MENA COUNTRIES: LIBYA VOLUMES HIT 14-YEAR HIGH IN Q4, OVERTAKING SAUDI FOR TOP SPOT; IRAN HIGHEST SINCE 2011 ('000 B/D) SOURCE: CORES, MEES....

Spanish Q3 Crude Imports ('000 B/D): Iran Up 50% Y-O-Y To Overtake Iraq, Libya Volumes At Highest Since 2010

...  SPAIN Q3 CRUDE IMPORTS ('000 B/D): MENA VOLUMES ON THE RISE WITH LIBYA & IRAN BOOST   MENA BREAKDOWN* ('000 B/D): LIBYA OVERTAKES SAUDI AS SPAIN’S TOP REGIONAL SUPPLIER *EXCLUDES OCCASIONAL SMALL VOLUMES FROM TUNISIA AND (TO 2011) SYRIA. SOURCE: CORES, MEES. SE...

Spain 2Q17 Crude Imports (‘000 B/D): Imports From Libya On The Rise, Up 79% On Year-Ago Levels

...SPAINSH CRUDE IMPORTS FROM MENA* ('000 B/D): SAUDI SQUEEZED, IRAQ STRONG, LIBYA & IRAN RESURGENT *EXCLUDES OCCASIONAL SMALL VOLUMES FROM TUNISIA AND (TO 2011) SYRIA. SOURCE: CORES, MEES....

US-Listed Oil Firms* Saw 7bn Barrels Of 2016 Reserves Write-Downs With Lower Prices

...2011-2016 PROVED LIQUIDS RESERVES^ (BN barrels) 2016 CHANGES VS 2015   *67 US-LISTED OIL COMPANIES. ^PROVED RESERVES ARE THOSE THAT, WITH REASONABLE CERTAINTY, ARE RECOVERABLE UNDER EXISTING ECONOMIC AND OPERATING CONDITIONS. SOURCE: EIA....

Saudi (Sama) Net Foreign Assets Fall To $524bn In January, Below Sr 2TRN For First Time Since October 2011