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China's coal imports limited by record hydro output and higher domestic production China's #thermal power output declined for the third consecutive month in July, driven by record hydropower output. Meanwhile, #coal production in key regions such as Xinjiang, Shanxi, and Inner Mongolia continues to trend upward. With hydropower output expected to stay elevated until winter, #China's coal import potential is likely to remain limited. #kpler

Laden LNG tanker approaches Plaquemines LNG ahead of its start-up The Qogir #LNG carrier, with a capacity of 174,000 m³ and loaded with cargo from Norway’s Snohvit, was seen approaching the Plaquemines LNG terminal in Louisiana. Venture Global has received approval from FERC to import up to three LNG cargoes for the purpose of cooling down the terminal facilities in preparation for cryogenic operations. Any unused LNG from this process will be re-exported. These LNG imports are a crucial step in commissioning the facility, which is on track for completion this autumn. As of last week, the project is 80% complete. Stay ahead of the market. Learn more about Kpler Insight here: https://lnkd.in/dParFvuh #kpler #lngmarket

Navigating the future of energy markets Join Us at the APAC Insight Forum 2024 in Singapore next month Change is a constant in energy markets, and staying ahead of the curve is crucial. The Kpler APAC Insight Forum 2024 in Singapore will bring together industry experts to discuss how recent developments—from geopolitical shifts to economic uncertainties—are shaping the future of commodity markets. This is your opportunity to gain critical insights on the trends that will define the next year and beyond. Date & Timing: September 9, from 8.45am to 1.00pm Venue: Andaz Hotel, 5 Fraser St, 189354 Singapore, SGP Don't miss out. Register now: https://lnkd.in/dNq-Gm5s. #kpler

2025 term-supply negotiations in Asia may tilt in favour of buyers As 2025 term-contract negotiations approach, Asian buyers, particularly China, are likely to have the upper hand with Middle Eastern oil producers. The era of high refining margins is over, and demand is softening, especially as China’s economic momentum slows. China’s seaborne crude imports have hit a 18-months low, with sluggish refinery margins and reduced operational rates leading to lower feedstocks demand, even for Iranian and Venezuelan crude. As the Yulong refinery ramps up, it could worsen oversupply in the region. Amid weak spot prices, Asian refiners may prefer smaller contracts for greater spot market flexibility, signalling a shift in global oil trade dynamics. #kpler

Join Kpler at #Coaltrans Asia Visit us at Stand 30 from 8-10 September 2024. As the world’s top thermal coal exporter and a key supplier of critical minerals, Indonesia is a central player in shifting energy markets and a major driver of dry bulk shipping demand. Our team will showcase how integrated trade intelligence and analysis from Kpler empowers our customers to stay ahead in changing global markets. Book a meeting with our team: https://lnkd.in/dviiCuVd #Coaltrans #SupplyChain #CoalTrade #Kpler

Kpler forecasts see very modest growth for the Chinese gasoil demand in the short term and view consumption as likely to peak in 2026. The policy environment and the government’s efforts to revive the economy bode well for low-or zero-emission heavy-duty vehicles, while the trendline presents a compound annual decline rate of 2.7% from 2027 to 2040. As the transport sector leads the demand reduction, the changes in the road freight sector shoulder much of the decline. #Kpler calculations show that LNG and NEV Energy Vehicle heavy-duty trucks are fast-forwarding #China’s #gasoil demand reduction, expected to displace around 110-135 kbd of road diesel this year.

Shifting Hotspots for Ship-to-Ship Transfers of Russian Oil In response to Greece's crackdown on risky #oil transfer activities in the #Laconian Gulf, maritime operations have rapidly adapted, relocating to new regions like Malta, Italy, and Western Africa. Despite a 40% drop in cargo volumes since the implementation of Greek restrictions, transfer volumes are stabilising as vessels adjust to new regulatory environments. Dive into the full analysis of this significant shift in global oil logistics and discover the emerging hotspots for ship-to-ship transfers post-Greek NAVTEX. Read more: https://lnkd.in/dEkPUTfy #kpler

As Europe faces ongoing energy challenges, uncertainties grow over #Russian #gas supplies via #Ukraine. With Ukraine signalling it may not renew its transit contract with Russia by the end of the year, Central and Eastern European (CEE) countries could be significantly impacted. Discover which countries are most at risk and what this could mean for the region in our latest analysis by Ronald Pinto, Principal Analyst - Gas & LNG, Kpler Insight. Read more here: https://lnkd.in/dz6C8ajQ #kpler #energy

AIS Signal Spoofing Alert: Asya Energy in the Barents Sea According to #Kpler’s Data Science team, the 137,200 m³ #AsyaEnergy began spoofing its AIS signal on August 8 while in the Barents Sea. This move is intended to conceal its true location. Petar Todorov, Ph.D., Kpler’s Director of Data Science, Commodities & Maritime, noted, "No ship can be identified on the self-reported AIS track of Asya Energy, contrary to her positions a few days ago, where she was easily locatable on SAR imagery; together with the #AIS position pattern, similar to what other vessels exhibit during spoofing events, we conclude that Asya Energy is #spoofing her position." While Asya Energy’s exact destination remains unclear, there are expectations it may be heading toward #Novatek’s sanctioned #Arctic #LNG 2 plant—much like the 138,000 m³ Pioneer, which docked there on August 1 to export the project’s first LNG cargo. #Pioneer, which ceased spoofing its AIS signal on August 6, is currently offshore Norway, laden with cargo and moving south. Though it isn't signalling an arrival port, it may be headed to Asia via the Cape of Good Hope or through the Red Sea, following a similar route to its sister ship, Asya Energy, as noted by Ana Subasic, #ArcticLNG2 specialist at Kpler.

China's soybean imports set to reach new heights in August China's soybean arrivals are projected to hit a record-breaking 14 million metric tons this August, underscoring the country's increasing demand for this vital commodity. Brazil continues to dominate as the largest supplier, solidifying its role in meeting China's growing needs. Argentina follows, contributing 1.8 million metric tons to this massive inflow. Despite a recent uptick in imports from the US, they are expected to fall short of historical levels, highlighting a shift in global trade dynamics. Stay ahead of the market. Learn more about the Kpler Ags product here: https://lnkd.in/dHdVHC4j