There was a significant spike in Eastern European exports of LNG that largely went to Western Europe, and, a pronounced increase in intraregional trade mainly between Russia and Lithuania.
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Slower Growth in Global Trade Projected in 2019 for Liquefied Gases
Latest import/export statistics from all available countries indicate slower growth in global trade volume in 2019 for LNG, liquefied propane gas and liquefied butane gas versus 2018. Because global trade is driven by global demand, the trend in world trade volume generally indicates the trend in world demand.
Continue readingUS LNG Exports Rise Steadily, and Shift to Western Europe
The United States exported 13.5 million tons of LNG through May, 2019, up 50% from the same period in 2018.
Continue readingPetrochemical Exports from Iran
Iran exports large volumes of polyethylene, LNG, liquefied propane and butane gases, methanol and ethylene glycol. As of April, 2019 shipments of all of these products were down versus the same period in 2018, except ethylene glycol.
Continue readingChina’s LNG Imports up 19% Through February 2019
Despite a steep drop in imports in February 2019 due to the Chinese New Year holiday, as well as slowing winter demand, China’s imports year to date, 10.9 million tons, were up 19% from the same two-month period in 2018.
Continue readingChina Imported Record Volumes of Polymers and Other Products in January 2019
In advance of the Chinese New Year holiday beginning on February 5th, China’s imports of many products jumped to new highs in January.
Continue readingGlobal LNG Trade Projected Up 14% in 2018
A 14% increase in global LNG trade in 2018, to 318 million tons of imports and exports, is forecast by ITP based on the latest available statistics. This follows an 8% increase in global trade in 2017 versus 2016.
China’s LNG Imports Soar to a New Record in November, as Prices Rise
China imported a record 6 million tons of LNG during November 2018, raising the year to date import volume to 47.6 million tons, an increase of 43% from the same period in 2017.
US Exports of LNG to Rise
If a trade accord between the US and the EU is finalized and the US puts in place more export terminals, LNG exports from the US will rise. Through May 2018, the US exported a total of LNG totaled 9.0 million tons, up 61% from the same period in 2017. Exports have been climbing since early 2016. Korea, Mexico and China were the top three export destinations to date, with relatively small volumes to the EU. Continue reading
China’s Imports of LNG were up 54% Through May 2018
After slowing throughout the first quarter, China’s imports of LNG picked up in both April and May.