LNG
Global LNG imports remained relatively flat in the week to May 19 at 7.44m metric tons, according to BNEF.
- Deliveries to mainland China fell 0.37m tons but with month to date imports close to year ago levels but South Korea imports increased by 0.26m tons.
- Northwest Europe and Italy saw deliveries fall by almost 0.37m tons, driven by 0.3m tons less LNG into France but the rest of Europe raised imports by 0.26m tons.
- India imports were almost unchanged at 0.66m tons and more than 19% higher year-on-year while Bangladesh imports in May 1-19 of 0.4m tons were more than twice year ago levels.
- Global LNG exports decreased by 2% on the week to 7.32m tons driven by a small increase in US supply as well as 0.21m tons more from Russia and an increase of 0.29m tons more from Australia, despite ongoing works at a train at the Gorgon facility.
- Exports from Qatar fell by 0.48m tons to the lowest level since 2017 at 1.01 million tons and Malaysia LNG output fell by 0.13m tons.
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