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German coal imports could fall 12 percent in 2018, trumped by green power

Germany’s hard coal imports may fall for the third year in a row this year and by 12 percent from 2017 levels, importers group VDKi forecast this week, citing competition from renewable energy. The group forecasts imports of 45 million tonnes in 2018. Total imports of 51.2 million tonnes in 2017 were already down 10.2 percent from a year earlier, and well below a full-year prediction for 2017 of 54.6 million made by VDKi a year ago. The fall came due to preferential access to networks for weather-driven solar and ...

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UK Forties crude set for disruption on Total workers’ strike

The UK’s Forties crude flows look set for disruption as the Unite trade union prepares for a series of strikes starting next week at Total’s North Sea platforms. Talks aimed at averting the strike over pay and offshore shift patterns were deadlocked ahead of the first in a series of 24- and 12-hour strikes starting Monday, Unite said. The threatened strike comes as Norwegian union SAFE called off a strike at offshore drilling installations Thursday that had raised North Sea supply concerns. “The latest position is there [is] no movement ...

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S.Korea LNG imports set to ease from record as power firms guzzle less gas

South Korean imports of liquefied natural gas are set to ease from record levels racked up in the first-half of the year, with appetite for the fuel from utilities seen fading as a raft of nuclear power stations come back online. The country’s imports of the commodity jumped nearly 16 percent year-on-year to a record 22.7 million tonnes in the first six months of 2018, according to customs data in mid-July, boosted by demand from power firms as around half the nation’s 24 nuclear plants were shut for maintenance. But ...

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Indonesia 2018 unblended biodiesel exports forecast at 800,000 kl -industry assoc

Indonesia’s unblended biodiesel exports are estimated to reach 800,000 kilolitres (kl) in 2018, Paulus Tjakrawan, vice chairman of the Indonesia Biofuel Producers Association said. Unblended biodiesel exports were at between 300,000 and 400,000 kl in the first six months of 2018, Tjakrawan told reporters on Friday. That compares with virtually no exports of biodiesel from Indonesia in 2017. The increase was “because Europe has started to open up and China has started to enter (the market),” Tjakrawan said. Source: Reuters (Reporting by Bernadette Christina Munthe; Writing by Fergus Jensen; Editing ...

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PetroChina inks three-year LNG supply deal with PNG LNG

China’s state-owned PetroChina International has signed a three-year agreement for the purchase of 0.45 million mt/year of LNG from the ExxonMobil-operated Papua New Guinea LNG project, expected to begin in the coming days, Santos and Oil Search said in filings to the Australian Stock Exchange on Friday. China’s increased procurement of LNG supplies on the back of higher demand has helped soak up new and existing production capacity, supporting prices in the region. The Platts JKM for cargoes to be delivered in September was assessed at $9.279/MMBtu on Thursday. “We ...

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S.Korea’s KOMIPO seeks LNG cargo for Nov delivery – document

South Korea’s Korea Midland Power Co (KOMIPO) is seeking to buy a liquefied natural gas (LNG) cargo for delivery over Nov. 16 to 21, according to a tender document reviewed by Reuters on Friday. The tender will close on July 24. Source: Reuters (Reporting By Jane Chung; Editing by Christian Schmollinger)

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Japan resumes Canadian wheat purchases, seeks to buy 62,957 tonnes of food wheat

Japan’s agriculture ministry said on Friday it had resumed purchases of Canadian wheat after testing showed no imports that reached the country included grain containing a genetically modified trait discovered in Alberta province last summer. The Ministry of Agriculture said it was seeking to buy 62,957 tonnes of food-quality wheat from Canada in a regular tender that will close late on Tuesday, July 24. It usually issues tenders on Tuesdays. Japan, the world’s sixth-biggest wheat importer, keeps a tight grip on imports of the country’s second-most important staple after rice, ...

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US coal exports may surge 60% in 2018 – analyst

US seaborne thermal coal exports could surge 60% this year amid a shortfall in global supply and healthy import demand, the director of consultancy Perret Associates told Montel. Guillaume Perret estimated the country’s coal exports could rise from 36.7m tonnes in 2017 to 58m tonnes this year and 60m tonnes in 2019. Citing a “structural shortage” of supply and a sharp year-on-year rise in seaborne coal prices, he also said the US’s high-sulphur coal has some advantages over supplies from competing origins. “New power plants are being built with desulphurisation ...

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Russia’s Novatek ships first LNG cargo to China via Arctic

Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to Asian consumers. The shipments of LNG from Yamal LNG project via the NSR to China cuts transportation time and costs in comparison to other routes such as Suez Canal. Novatek said a ceremony was held to commemorate the arrival of LNG tankers Vladimir Rusanov and Eduard Toll with cargo capacity over 170,000 cubic meters each to ...

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Steel imports into EU could rise in near-term

European steel imports could increase over the next few months as participants try to avoid the 25pc duties imposed from 19 July. The European Commission announced today that it will impose provisional safeguard measures — in the form of a tariff rate quota — on 23 steel product groups. The measure is in response to the US Section 232 25pc tariff, which mills feared could lead to around 13.5mn t/yr of previously stateside-bound steel heading to the EU. European steel association Eurofer welcomed the news, but it did say the ...

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Japan refiners keen to maintain usual Iran oil imports, urge Tokyo to seek waiver

Japanese refiners have urged the government to seek a US waiver on Iran sanctions as they are keen to continue importing the usual volumes instead of reducing inflows, as the deadline on sanctions nears, Petroleum Association of Japan President Takashi Tsukioka said. “From the standpoint of stable oil supply, we are requesting the government to have tenacious negotiations with the US government to have Japan be exempted from the sanctions against Iran,” Tsukioka told a press conference in Tokyo. “We intend to work with the government to avoid harming the ...

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Russia, China delay US bid at UN to cut off oil to DPRK

Russia and China on Thursday delayed a U.S. push for a U.N. Security Council committee to order a halt to refined petroleum exports to DPRK, asking for more detail on a U.S. accusation that Pyongyang breached sanctions, diplomats said. The United States last week complained to the 15-member Security Council DPRK sanctions committee that as of May 30, there had been 89 illicit ship-to-ship transfers of refined petroleum products this year by Pyongyang. It asked the committee to notify all U.N. member states that DPRK has breached a refined petroleum ...

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Jordan tenders again to buy 120,000 tonnes wheat – traders

Jordan’s main state grains buyer has again issued an international tender to purchase 120,000 tonnes of hard milling wheat, European traders said on Friday. The tender closes on July 26. Shipment is sought in various possibilities in 50,000 tonne consignments between Sept. 16 and Nov. 15. Jordan has had difficulty making purchases in a series of grain tenders in recent months, with traders saying uncertainty about quality specifications and payment terms has reduced participation by major grain exporting houses. Jordan made no purchase in its previous wheat tender on Thursday ...

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India turns net steel importer in April-June

India became a net importer of steel in April-June, which may prompt the government to consider imposing more import duties to protect the domestic industry. Steel exports were 1.84mn t in the period, below imports of 2.1mn t. India turned a net exporter of steel in the April 2016 to March 2017 financial year after being a net importer for most of its steelmaking history. Exports were 11.6mn t in 2017-18, well above imports at 8.4mn t. The fall in exports from Indian steel mills is largely the result of ...

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Japan’s last imports of Iranian oil could be in Oct -industry body

Japanese oil refiners will likely stop loading Iranian crude by mid-September with final shipments arriving in the first half of October, the head of the nation’s oil refiners association said on Thursday, as the U.S. pressures countries to halt such imports. U.S. President Donald Trump’s administration has demanded nations cut all their imports of Iranian oil from November as it reimposes sanctions over Tehran’s nuclear programme. Although it has said that some allies who are particularly reliant on Iranian supplies may be granted waivers that would give them more time ...

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