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US LNG cargo lands in Poland for redelivery via pipeline to Ukraine

A tanker loaded with LNG from the US, whose gas is ultimately destined for Ukraine, has arrived at the Polish LNG terminal at Swinoujscie, the US embassy in Kiev said. Ukraine itself has no LNG import capabilities, but can import regasified LNG via pipeline from the Polish terminal. “US LNG is coming to Ukraine,” the embassy wrote on Twitter. “Another step in helping Ukraine achieve energy independence, a ship carrying LNG destined for Ukraine arrived yesterday at Swinoujscie,” it said. The buyer of the gas is private trading company Energy ...

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Petroleum Brunei sells Jan-loading Kimanis crude at premiums – sources

Petroleum Brunei sold two cargoes of January-loading Kimanis crude, Malaysia’s key export grade, at a premium of around 70 cents a barrel to its official selling price (OSP), three trade sources said on Wednesday. Thailand’s energy company PTT Pcl bought one of the cargoes. The two 600,000-barrel cargoes on offer were scheduled for loading during Jan. 7-11 and Jan. 25-29. Malaysia’s Kimanis crude oil exports will drop to nine cargoes in January, compared with 10 in the prior month, according to a loading programme reviewed by Reuters. Source: Reuters (Reporting ...

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US signs the highest long-term LNG export contract volumes globally for 2019, says GlobalData

Abundant shale gas production in the US has enabled the country to export natural gas as liquefied natural gas (LNG) to global markets. This has supported the country in signing the highest volume of global long-term LNG export contracts in 2019, accounting for around a 67% share, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Long-Term LNG Contracts Review, 2019 – Golden Pass Signs High Volume Contract with Ocean LNG’, reveals that the US has signed five long-term contracts in 2019 for the export of ...

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Algeria’s Sonatrach renews gas export deal with France’s Engie

Algerian state energy firm Sonatrach has renewed a gas export contract with France’s Engie , it said on Tuesday, a few days after Kamel Eddine Chikhi was appointed as its new chief executive. Energy sales represent a crucial source of foreign currency for Algeria, but have been declining since oil prices dropped in 2014. Rising domestic demand and stagnant output have also made it hard for Sonatrach to maintain Algerian export levels. That had raised some doubts over whether the Engie deal would be renewed, an industry source in Algeria ...

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Russia ships 2,100 tons of refined oil to N. Korea in Sept.

Russia exported 2,136 tons of refined oil to North Korea in September, a U.N. website showed Wednesday. The tally is slightly down from 2,612 tons shipped from Russia to the North in the previous month, according to monthly reports submitted to the U.N. committee handling sanctions on the North. The U.N. began asking member countries to report on the supply, sale or transfer of all refined petroleum products to North Korea in 2017 under a resolution adopted following the North’s long-range missile launch. Resolution 2397 put a ceiling on the ...

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Tunisia gets offers in wheat, durum and barley tender

The lowest offer in the international tender from Tunisia’s state grains agency on Tuesday to purchase up to 92,000 tonnes of soft milling wheat was believed to be $$227.72 a tonne c&f for optional-origin supplies, European traders said. No purchase has yet been made and results are expected later on Tuesday, they said. The lowest offer was made for 25,000 tonnes and was believed to have been submitted by trading house Cargill, they said. This was followed by offers for soft wheat in other shipment positions including $228.22, $231.70 and ...

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Venezuela ships first steel scrap cargo to Turkey in 2019

A Turkish steelmaker in Iskenderun, Turkey, received one cargo from the Venezuela’s state-run company Corpovex in September, registering the first shipment from the crisis-hit country in 2019. The mill booked a cargo containing 24,892 mt of scrap from Corpovex in August for $7.2 million, Turkish Statistical Institute, or TUIK, data showed, corresponding to $289.6/mt. With the HMS 1/2 (80:20) benchmark trading around $290-$295/mt CFR Turkey at the time of this booking, this suggests the material received only a small discount, depending on the composition of the grades in the cargo. ...

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Japan Oct petchem naphtha imports fall 27% y/y

Japan’s naphtha imports for the petrochemical sector fell 27% in October from a year earlier, data from the Ministry of Economy, Trade and Industry showed. Imports of naphtha for ethylene production totalled 0.95 million tonnes last month, down from 1.29 million tonnes in the same month a year earlier. Following is a table of naphtha import volume. Name Oct 2019 Sep 2019 Oct 2018 Total import (kilolitres) 1,391,977 1,537,674 1,896,980 Total import (tonnes) 950,667 1,055,274 1,293,837 Total import value ($) 466,750,396 528,641,458 881,255,303 $/Tonne 491.0 501.0 681.1 Currency rate (yen/$) ...

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Russia’s Surgut sells two Jan-loading ESPO crude cargoes

Russian oil producer Surgutneftegaz sold two cargoes of ESPO blend crude for early-January loading at the lower end of a range of premiums seen in the previous month, trade sources said. It sold a cargo, loading between Dec. 31 and Jan. 5, at about $7.80 a barrel above Dubai quotes, while a second cargo for Jan. 4-9 loading was sold at a premium of about $7.60, sources said. Details of the buyers were not immediately known. Spot premiums for ESPO crude hit all-time highs for some December-loading cargoes, which traded ...

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Singapore’s Pavilion cancels U.S. LNG cargo loading as market faces oversupply

Singaporean gas importer and marketer Pavilion Energy has taken the unusual step of cancelling the loading of a liquefied natural gas (LNG) cargo from the United States, but has agreed to pay for it, several industry sources told Reuters. The global LNG market is awash with new supply amid slowing demand in key countries such as China and Japan, leaving some traders with cargoes they have bought but are unable to resell. “Pavilion Energy evaluated scheduling and other commercial matters, then took the decision not to lift the cargo in ...

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India exported 6.39 MT steel in 2018-19, down 34% from last year

India’s finished steel exports dipped 33.9 per cent to 6.36 million tonne (MT) in 2018-19, amid the government’s efforts to keep the country as the net exporter of the metal. The country produced 110.92 MT of crude steel during the same year, a rise of 7.6 per cent as against 103.13 MT in 2017-18, Minister of Steel Dharmendra Pradhan said while replying to a question in the Lok Sabha on Monday. The minister also said the country exported 6.36 MT of finished steel during 2018-19, registering a fall of 33.9 ...

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Chinese seaborne thermal coal deals being canceled, delayed amid import curb

Chinese buyers of seaborne thermal coal have been cancelling deals or trying to defer delivery cargoes to the end of December amid ongoing curbs on imported material, market sources said Monday. An international trader said a Chinese buyer walked away from a deal when the cargo was loading last week. As such, the trader had to resell the cargo, incurring a loss of about $1.75-$2.00/mt. Chinese buyers do not want to restart discussions until the middle of next month when they will negotiate January cargoes, he said, as they expected ...

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China’s record crude imports keep storage flows strong

China’s record crude imports in October were matched by healthy processing rates at refineries, but even so the country still seemed to be stockpiling oil at a blistering pace. China imported 10.72 million barrels per day (bpd) last month, up 11.5% from the same month in 2018 and eclipsing the previous high of 10.64 million bpd from April. The world’s largest crude importer brought in 9.95 million bpd in the first 10 months of the year, up 10.5% from the same period in 2018. But the strong growth in crude ...

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Nigeria Spends N837bn On Fuel Import in 3 Months

Nigeria spent N836.67 billion on the importation of Premium Motor Spirit, PMS, also known as petrol, and other petroleum products in the second quarter of 2019, according to data obtained from the National Bureau of Statistics, NBS. Data obtained from the NBS Foreign Trade in Goods Statistics for the Second Quarter of 2019, showed that the amount spent on the importation of PMS and other petroleum products rose sharply by 193.98 per cent from N284.599 billion spent on the importation of the product in the first quarter of 2019. Specifically, ...

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Japan seeks 119,998 tonnes of food wheat via tender

Japan’s Ministry of Agriculture sought 119,998 tonnes of food-quality wheat from the United States and Canada in a regular tender on Tuesday. Japan, the world’s sixth-largest wheat importer, keeps a tight grip on imports of the country’s second-most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month. The tender will close late Thursday. Details are as follows (in tonnes): COUNTRY TYPE QUANTITY U.S. Western White 14,410 * U.S. Hard Red Winter(Semi Hard) 20,565 * U.S. Dark Northern Spring(protein ...

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