Transportation of Global LNG fell sharply because of Bintulu LNG up to three trains for a while
The global LNG transportation fell sharply on April 16 because at least three of the nine trains in Bintulu LNG temporarily descended due to technical problems and delays in export loads at the port, encouraging the sender to return their ship, two sources with direct knowledge about the problem.
“Some LNG tankers scheduled to contain in the Bintulu Terminal are now offered for spot trips in other places significantly lower than the last level of goods carried out,” said a source whose company imported cargo from Bintulu.
Another source said that around three trains down, causing LNG shipping in Asia-Pacific to be a significant lower day.
Among the sounds that were heard, Petronas, who exported LNG from Bintulu, had given one of the two non -degraded operators to BP around $ 17,000/day.
S&P Global Commodity Insights assesses that the shipping of LNG transporters has doubled for spot trips at $ 22,500/day on April 16, down $ 2,000 a day all day. The decrease in shipping suitable for TFDE ships is $ 1,000/day to $ 15,000.
One of the sources involved in the offer of such places says that the tenant tries to take the two -stroke LNG operator on the transportation under $ 20,000/day.
LNG brokers in Singapore said that the additional supply of LNG carriers because the lower loading at the Bintulu Terminal came when demand had declined because there was no import by China from the US after a sharp increase in tariffs.
Chinese LNG imports have the potential to decrease at least 3 million MT this year, from around 78 million tons in 2024, said trading sources in Singapore.
Bintulu LNG has an annual production capacity of around 30 million tons, among the largest in the world.
The source said that the latest suspension in the Bintulu LNG operation had nothing to do with Petronas’s plan to disable 500 km of Sabah-Sarawak gas pipeline, which had been operating for more than a decade and connected Kimanis in Sabah to Bintulu in Sarawak.
Source: Platts
