Stuck LNG Vessel Disrupts Exports from Australia Pacific LNG Terminal

A loaded LNG tanker is stuck at the 9mtpa Australia Pacific LNG terminal (APLNG) in Queensland due to lost power and is expected to disrupt some shipments, as only one LNG vessel is able to dock at the facility at a time, Origin Energy said, co-owner of the terminal with ConocoPhillips.

• The Cesi Qingdao is moored at APLNG and had been scheduled to sail to Wenzhou, China, according to Bloomberg ship tracking data.
• The two main customers of the terminal are China’s Sinopec and Japan’s Kansai Electric according to Reuters.
• Two cargoes have been deferred from a delivery schedule for the financial year through June, and it is expected that additional shipments will also be impacted, Origin said.
• “We have assessed and planned for scenarios to best manage the supply through the APLNG facility while the situation is being resolved — this includes deferring all cargoes as required,” ConocoPhillips said.
• ConocoPhillips typically loads a vessel for export every three days, it said.
• There likely isn’t much of a rush to replace shipments as demand in the region remains relatively weak heading into winter, traders told Bloomberg.