Socar New Energy начала поставки СУГ на рынок Украины

  • Market: LPG
  • 15/07/21

Зарегистрированная на Кипре торговая компания Socar New Energy (SNE) приступила к поставкам сжиженного углеводородного газа (СУГ) производства «Роснефти» украинским компаниям по долгосрочным соглашениям, сообщили участники рынка.

SNE в конце июня подписала долгосрочные контракты о поставке продукта в июле — октябре 2021 г., но первые объемы были отгружено с заводов «Роснефти» в пятницу, 9 июля.

Контракты подписали около 10 украинский торговых компаний, но с августа это количество может вырасти, по данным трейдеров. Они полагают, что в июле в рамках этих соглашений на Украину поступит не менее 23—25 тыс. т, а в августе объем поставок вырастет до 30—35 тыс. т.

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Больше ценовой информации, новостей и аналитических материалов о рынках сжиженного углеводородного газа стран СНГ, о ситуации на экспортных направлениях и мировых рынках — в издании «Argus Сжиженный газ и конденсат».

Подписаться на новости рынка сжиженного газа


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23/05/24

US ethane supply gains seen trailing demand growth

US ethane supply gains seen trailing demand growth

Houston, 23 May (Argus) — Export and domestic demand growth for US ethane is expected to outpace US supply growth by as much as 72,000 b/d by 2026, according to a recent forecast from consultancy East Daley Analytics. A surplus of US ethane production, bolstered by gains in natural gas drilling and production to meet growing demand for electricity generation and LNG exports, has led to increasing investments in additional ethane export terminal capacity to provide other outlets for the petrochemical feedstock. The US Energy Information Administration (EIA) showed US ethane production from natural gas processing rose to a record 2.78mn b/d in October of 2023 and fell to 2.69mn b/d in February, the latest data the agency has available. Those volumes don't take into account ethane that is rejected into the gas stream at processing plants during periods of restrained capacity or when natural gas prices spike on weather-related outages, incentivizing lower ethane recovery. Mont Belvieu, Texas, EPC ethane's premium relative to its natural gas fuel value at Waha reached a peak of 50.31¢/USG on 6 May, a 16-month high, and has averaged 26.08¢/USG in May so far, according to Argus data. As ethane margins versus natural gas rise, ethane extraction at natural gas processing plants becomes even more profitable, pushing ethane recovery rates higher. Yet East Daley's forecasts suggest projects to absorb this additional feedstock may quickly outpace production. The consultancy projects US ethane production will rise by 283,000 b/d by 2026, driven mostly by gains in natural gas production in the Permian and Marcellus basins. Increased gas takeaway capacity from the completion of maintenance on Kinder Morgan's Permian Highway pipeline (PHP), the Gulf Coast Express (GCX) pipeline, and the Transwestern pipeline at the end of this month, will allow for higher levels of ethane rejection, according to Rob Wilson, East Daley's vice president of analytics, limiting potential gains in ethane production from the additional gas. Further gas capacity restrictions in the Permian are expected to be mitigated when the 2.5 Bcf/d Matterhorn Express pipeline — which runs from the Waha, Texas, gas hub to Katy, Texas, on the Gulf coast — comes online in the third quarter of this year. Domestic demand for ethane is projected to rise by 129,000 b/d by 2026 with the addition of Chevron Phillips Chemical's joint venture with QatarEnergy to construct a 2mn t/yr ethane cracker on the Texas Gulf coast that is scheduled to come online in 2026. That joint venture will consume 118,000 b/d of ethane when at full capacity, but will operate at 50pc of capacity when first on line in 2026, according to East Daley. Increased US ethane cracking will come on top of a 231,000 b/d increase in ethane exports by 2026, driven by demand from Chinese crackers and burgeoning demand from Indian crackers, according to the consultancy. Ethane export expansions at Energy Transfer's Marcus Hook terminal in Pennsylvania and Enterprise Products Partners' new flexible LPG and ethane terminal at Beaumont, Texas, are expected to be complete by 2025 and 2026, respectively. Combined, these projects add another 360,000 b/d of ethane demand by 2026, outstripping expected supply growth by an estimated 72,000 b/d, according to East Daley's forecast. By Abby Downing-Beaver Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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LPG World editorial: Clean cooking’s watershed moment?


16/05/24
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16/05/24

LPG World editorial: Clean cooking’s watershed moment?

African clean cooking schemes could prove to be an early energy transition success story now that world leaders view them as environmental imperatives London, 16 May (Argus) — The $2.2bn in funding pledged for clean cooking programmes in Africa over the next five years, announced at the IEA's Clean Cooking Summit in Paris on 14 May, could be a "turning point", according to the agency's executive director Fatih Birol. Not only would this be true in terms of tackling what is a long-neglected problem. It is also true for the LPG industry, which has been extolling the benefits of a transition to LPG in sub-Saharan Africa for many years. Other than the dozen or so individual financial commitments made by governments and organisations, what resonated most from the event was just how achievable transitioning sub-Saharan Africa to cleaner fuels such as LPG actually is. Often the immediate reaction is to balk at the challenges — the lack of infrastructure, the lack of regulatory frameworks, the corruption, the cost of the LPG and equipment. Yet this was when it was looked at purely through the prism of the market. Now it is an environmental and social imperative. Many of the political leaders from Europe, Africa and the US that spoke noted that greenhouse emissions from cooking were comparable to the airline and shipping sectors, yet tackling the former is far less complex, less expensive and receives scant recognition in comparison with the latter two. "We can fix it now… it is not high-tech, it is low-tech," Norway's prime minister Jonas Gahr Store told delegates. Another often ignored part of the issue is how disproportionately women are affected by cooking with harmful solid biomass fuels — perhaps an underlying factor behind the many years of neglect at a national and international level. This is a gender issue, both Birol and Tanzania's first female president, Samia Suluhu Hassan, noted. The obvious health and social benefits from the transition to clean cooking will be most keenly felt by women and their children, who are at home breathing in the smoke from open fires. Several of the speakers, including African Development Bank president Akinwumi Adesina and World Health Organisation director-general Tedros Ghebreyesus, even spoke of their own experience of growing up in a household with open fires, and the consequent unnecessary suffering their mothers in particular had to endure. LPG is not the only solution here — others mentioned included electric cookers, biogas, bioethanol and cleaner cooking stoves. And as a fossil fuel, it will ultimately be replaced at some stage by renewable alternatives. But it is the best solution right now for large parts of the region. "LPG is the most efficient in terms of its benefits and its ease of use," Togo's president Faure Gnassingbe said. LPG markets can develop in the region through subsidies and LPG price regulation to moderate volatility, while countries must also invest in domestic LPG production as well as import and distribution infrastructure, he said. Each country will be different, but it is "well within our reach", Gnassingbe added. From pledge to realisation The sub-Saharan African region and the LPG industry must now work with foreign governments, financial institutions and private-sector companies to ensure that the large sums pledged are invested in a pragmatic and fruitful way. The IEA will come back in a year's time to report on the progress of the various commitments made at the summit and will provide updates online in an effort to ensure progress and transparency, Birol said. There is reason for cautious hope. The feasibility of achieving the transition and the relatively low levels of foreign investment involved — and the huge opportunities for LPG companies that will emerge — could create the conditions for success of a kind that has so far eluded many other such ambitions. It would be a huge boon for the world to have one such success story to point to by 2030 in its long, hard struggle to transition to a cleaner energy future. Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Japan’s Mol orders dual-fuel LPG, ammonia VLGCs


16/05/24
News
16/05/24

Japan’s Mol orders dual-fuel LPG, ammonia VLGCs

Tokyo, 16 May (Argus) — Japanese shipping firm Mitsui OSK Lines (Mol) has ordered two dual-fuel very large gas carriers (VLGCs) to deliver LPG and ammonia, with commissioning expected in 2026. Mol has reached a deal with TotalEnergies' shipping arm CSSA Chartering and Shipping Services to charter two 88,000m³ VLGCs to deliver LPG and ammonia, although the specific time period is undisclosed. The vessel will be built by South Korean shipbuilder Hyundai Samho Heavy Industries, which has developed an engine that can use LPG and fuel oil. Japan's LPG consumption totalled 11.8mn t in the 2023-24 fiscal year ending 31 March, down by 3.2pc from a year earlier, according to the Japan LP Gas Association. Japan's trade and industry ministry expects the downwards trend will be driven further by technology innovation of high efficiency equipment. But its expects ammonia demand as a fuel to increase to 3mn t/yr by 2030 and to 30mn t/yr by 2050. Japan has set a goal of a 20pc ammonia co-firing at domestic coal-fired power plants by 2030 and above 50pc by 2050 to achieve the country's 2050 decarbonisation goal. By Reina Maeda Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Rains hamper LPG distribution in south Brazil


14/05/24
News
14/05/24

Rains hamper LPG distribution in south Brazil

Sao Paulo, 14 May (Argus) — Torrential rain and flooding in southern Brazil's Rio Grande do Sul state reduced LPG distribution by 7-10pc in the affected area during the first two weeks of May, according to local market participants. LPG distributor Copa Energia's operations at its Canoas city unit — responsible for 30pc of the state's supply — were expected to resume by mid-May. The heavy rains since late April left 100 people dead, a further 128 missing and around 164,000 displaced from their homes, according to the state's civil defence. LPG companies have been working to ensure supplies are maintained in the region, with some advancing salary benefits to support workers during the crisis, local participants say. Distribution began to normalise by 6 May after "the chaos and lack of information" over the 4-5 May weekend passed, an industry executive says. State-controlled Petrobras' 201,000 b/d Refap refinery was also affected, cutting LPG output, but the volume was not disclosed. Many LPG retailers are now able to receive supplies, but it is unknown how many distribution routes have been compromised, according to local industry. LPG stocks have been able to meet demand, preventing shortages, they say. Oil regulator ANP's measures to cut red tape and foster collaboration during a crisis has kept the market supplied, according to LPG association Sindigas chief executive Sergio Bandeira de Mello. Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Iraq’s BGC boosts LPG exports as BNGL start-up nears


14/05/24
News
14/05/24

Iraq’s BGC boosts LPG exports as BNGL start-up nears

The BNGL plant will help Iraq reduce its gas flaring and increase power generation capacity when it fully comes on line, writes Ieva Paldaviciute Dubai, 14 May (Argus) — Iraqi upstream joint venture Basrah Gas' (BGC) growing production and exports of LPG are helping to raise the country's overseas LPG shipments this year despite delays to the start-up of its Basrah Natural Gas Liquids (BNGL) plant. The BNGL project, launched in 2019, incorporates two 200mn ft³/d (2.1bn m³/yr) gas processing trains, the first of which was inaugurated in May last year. Each train will produce 700-900 t/d of LPG — BGC's LPG output has risen by about 400-500 t/d to 6,000 t/d this year. Yet the first train has yet to reach full processing capacity despite being scheduled to do so in late 2023. The company now expects both trains to be fully operational by the end of this year. BGC, a joint venture between Shell, state-owned South Gas and Japan's Mitsubishi, has 1bn ft³/d of gas processing capacity split between two of its NGL plants in Khor al-Zubair and North Rumaila. The 400mn ft³/d BNGL plant will increase capacity by 40pc and includes "best-in-class" cryogenic NGL trains, the firm says. These facilities process associated gas from oil production at the Rumaila, West Qurna 1 and Zubair fields. BNGL is also intended to help Iraq reduce its gas flaring and increase power generation capacity by around 1.5GW. BGC's LPG exports have nevertheless been climbing as it works to bring the BNGL plant on line. The company primarily supplies LPG to Iraq's domestic market, mostly for residential cooking, and exports the surplus. But smaller local suppliers are now cutting into BGC's domestic market share, freeing up more of its LPG for export. This includes Iraq's new 140,000 b/d Karbala refinery, which started operations earlier this year and is now selling around 700 t/d of LPG domestically. BGC typically exports split propane-butane cargoes through tenders to south Asian importers such as India, Pakistan, Bangladesh and Sri Lanka, as well as to east African countries such as Tanzania and Mauritius. These are shipped from the company's Umm Qasir terminal on the Mideast Gulf — which can store around 222,000t of LPG, Argus data show — historically on board small pressurised ships but as of this year on Handysize vessels as well, according to analytics firm Kpler. BGC shipped its first semi-refrigerated 100pc propane cargo on the Handysize Navigator Gemini on 2 May, which is due at China's Yizheng port around 27 May, Vortexa data show. The buyer has not been confirmed but the port is owned by Sinopec Yangzi Petrochemical and is close to Sinopec's 280,000 b/d Yangzi refinery. Sinopec has recently been importing more LPG to cover losses during planned maintenance. BGC helped to turn Iraq from a net importer of LPG to a net exporter in 2016. Exports rose strongly to above 200,000t in 2018, before falling over the next three years, Kpler data show. They have increased significantly in 2024, nearly tripling on the year to 49,000 t/month in January-April and forecast to hit a monthly high of 86,000t this month. But the data may be partially skewed — local industry sources have suggested some Iranian LPG cargoes have been disguised as Iraqi exports through ship tracking to bypass sanctions on the former country's oil and gas sector. Flare cuts Iraq is becoming less dependent on BGC for LPG, but the country still relies heavily on its dry gas production for its growing power generation needs. The firm produces enough gas to generate around 3.5GW of the 20GW of power Iraq can generate daily, which is still short of the 35GW it needs at peak times. Iraq simultaneously flares more than half of its gross gas production of around 3bn ft³/d. But Iraq has the world's 12th largest proven natural gas reserves. Underinvestment, mismanagement and conflict have kept it dependent on Iranian gas importsand allowed flaring to continue. Baghdad intends to attract investors to ramp up gas output. The BGC project and a multi-billion dollar deal with TotalEnergies last year that includes a 600mn ft³/d processing plant signal it is moving in the right direction. Iraq seaborne LPG exports Iraq sea LPG exports by country 2023 Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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