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Expected Cargo This week

We expect the end of this week to have seen 73 – 75 cargo liftings amounting to c. 5.29mmt, representing roughly one cargo less week-on-week.

Pacific Basin 

The Pacific Basin is expected to account for 35 of this week’s liftings, meaning that roughly 2.27mmt will be exported throughout the Basin by Sunday.

In Australia, Gorgon LNG is expected to lead the continent’s export terminals, with 4 cargoes (c. 0.29mmt) likely to be lifted, followed by Wheatstone LNG (3 cargoes, 0.21mmt) and NWS LNG (3 cargoes, 0.19mmt). Meanwhile, Ichthys LNG, Australia Pacific LNG, Queensland Curtis LNG, Pluto LNG and Gladstone LNG are expected to ship a total of 9 cargoes amounting to 0.64mmt by Sunday. Shell’s Prelude FLNG barge and Darwin LNG, meanwhile, are not currently expected to ship LNG this week.

In Southeast Asia, Malaysia LNG is scheduled to export up to 9 cargoes amounting to 0.47mmt. Across the border, Indonesia is looking to export 2 cargoes amounting to 0.13mmt from Tangguh LNG. However, the LNG Maleo and the Tangguh Batur are currently waiting off Bitung and may be called to Donggi-Senoro at a later stage.

Other LNG export plants within the Basin, namely Russia’s Sakhalin-2 LNG at Prigorodnoye on Sakhalin Island and PNG LNG in Papua New Guinea are expected to export 2 cargoes each, totalling 0.28mmt. 

Atlantic Basin

The Atlantic Basin is expected to see 20 cargo liftings, so that up to 1.42mmt will be exported throughout the Basin by Sunday night. 

A significant share of those liftings is going to materialise in the United States, where Sabine Pass LNG, Corpus Christi LNG and Cameron LNG are preparing for a total of 8 cargoes (1.32mmt) to be lifted aboard, inter alia, the SM Seahawk (Sabine Pass) and the Oak Spirit (Corpus Christi LNG). At the time of writing – Freeport LNG and Cove Point LNG – however were not scheduled to load cargoes this week. The two terminals’ current liftings horizon lies between 9 October and 3 November.

In South America and the Caribbean, the Kinisis and the British Achiever are currently circling in the Point Fortin waiting area off Atlantic LNG in Trinidad & Tobago. Nevertheless, it is currently unclear whether these vessels will lift cargoes from Atlantic LNG this week or next. 

On the other side of the Atlantic, we expect up to 14 cargoes (0.92mmt) to be lifted during this week. Nigeria’s Bonny Island facility is currently scheduled to export 5 cargoes, amounting to 0.33mmt, whilst Algeria is expected to load 2 cargos from Arzew. Market visibility also suggests Angola is going to export a cargo this week.

In Europe, Snøhvit LNG is expected to ship 1 cargo (0.07mmt) via the Arctic Lady whilst Yamal LNG is going to load 3 cargoes amounting to 0.22mmt by Sunday.

Middle East

Middle Eastern cargo liftings this week are likely to amount to 18 (1.45mmt) by Sunday, most of which (1.14mmt) are going to take place at Qatar’s Ras Laffan LNG complex, inter alia aboard the Hanjin Ras Laffan and the Milaha Ras Laffan.

Oman is currently looking to load 3 cargoes (0.19mmt) aboard the Hyundai Technopia and the Hyundai Aquapia by Sunday.

The plant on Das Island in the, meanwhile, is currently expected to load one cargo aboard the Ghasha this week. 

Current visibility therefore suggests peak loading activity of 17 cargoes on Tuesday, followed by 13 on Wednesday, whilst Sunday is looking to be least active with 5 liftings.