There is no impact on LNG exports, NWS condensate cargo after an earthquake from Russia: Source

Australian LNG exports and condensate cargo of the northwestern shelf were not seen affected by a strong earthquake that hit the far East Russia, according to market participants on July 30.

The Pacific Tsunami Commemoration Center added Australia to its advisor to warning the tsunami after the earthquake hit the Kamchatka Peninsula Russia on July 30. However, the Australian Meteorology Bureau said there was no tsunami threat to the country, according to a social media post in X, previously known as Twitter.

The center said in its advisor that the waves reached 0.3 meters to 1 meter possible along the east coast of Australia.

Australia is one of the largest LNG exporters in the world. Potential supply disturbances from the country can have an impact on the fundamentals and market prices of LNG. However, there was no direct impact that was heard.

On July 30, the center also issued an advisory warning related to the tsunami to several other countries and regions. This includes Japan, Hawaii, Southeast Asia such as the Philippines and Indonesia, Guam, the western coast of North and South America, Alaska, and the Pacific Islands.

Platts, part of the S&P Global Commodity Insights, assessed JKM September, the price of benchmark for LNG cargo sent to Northeast Asia, with a price of $ 11,899/MMBTU on July 29, up 27.3 cents/MMBTU, or 2.35%, a day throughout the day.

In the Asian-Oceania sweet crude oil market, both suppliers and buyers of Ultra-Light Australian crude oil show that earthquakes do not cause threats to loading and shipping cargo condensate northwestern shelves that contain August.

Chevron and BP were heard that they had sold their NWS cargo content more than 10-14 August and August 27-31, to ExxonMobil and Hanwha South Korea’s totality with discounts in an assessment equivalent to $ 1s- $ 2/b to platt-platt dated dated dated dated dated dated dated dated dated dated dated dated dated Kopredasi to $ 1S.

“NWS condensate logistics on August according to schedule … I do not expect delays or problems in shipping,” said a source of raw material management at Hanwha Totanergy.
Source: Platts