monthly report august 2021
TRANSCRIPT
MONTHLY REPORTAUGUST 2021
LIQUID GASES UPDATE
PORT ANALYSIS 3
MARKET OVERVIEW AND TRENDS 7
KEY HIGHLIGHTS 8
Disclaimer,
The information contained in this market update is drawn from wide range of newspapers, business and trade magazines, government, company and industry association websites. While all possible care is taken to verify the correctness and authenticity of information contained in this compilation, no claim to independent authorship of articles is implied or intended. Readers are expected to make their own independent evaluation and verification of information for their use. While all information contained in this report are believed to be correct, the editors of this compilation or J. M. Baxi & Co. do not guarantee the quotes or other data and the same is provided only in good faith.
TABLE OF CONTENT
PORT ANALYSIS
3
LIQUIFIED GASES TRAFFIC AT INDIAN PORTS (QTY IN MILLION TONNES)
Port April - June 21 April - June 20 VARIANCE
COCHIN 364863 151320 213543
CUDDALORE 16302 41139 -24837
DABHOL 587967 594023 -6056
DAHEJ 3928588 4072324 -143736
ENNORE 529539 473291 56247
HALDIA 1149758 1168574 -18816
HAZIRA 1053576 1601014 -547438
JNPT 320495 274592 45903
KAKINADA 66700 60603 6097
KANDLA 452424 511002 -58578
MAGDALLA 13000 10000 3000
MANGALORE 640695 627817 12878
MORMUGAO 5979 0 5979
4
MUMBAI 335118 233433 101686
MUNDRA 520868 667561 -146693
PARADIP 141016 88601 52415
PIPAVAV 26703 44558 -17855
PORBANDAR 11071 4050 7021
PORT BLAIR 3360 0 3360
RANPAR 18600 0 18600
SIKKA 32946 67503 -34557
TUTICORIN 72506 53100 19406
VISAKHAPATNAM 556570 466634 89936
Grand Total 10848644 11211138 -362493
Portwise Liquified Gases Cargoes - July 2021 (Qty in Metric Tonnes)PORT CARGO July -2021
COCHIN LIQUID AMMONIA 15675
LIQUID NATURAL GAS 64392
DAHEJ BUTANE 26830
ETHANE 184000
LIQUID NATURAL GAS 1392186
PROPANE 27368
ENNORE ANHYDROUS AMMONIA 3000
LIQUID NATURAL GAS 5500
LIQUID PETROLEUM GAS 145514
HALDIA ANHYDROUS AMMONIA 11750
BUTADIENE 8620
BUTANE 227423
PROPANE 218387
PYROLISIS GAS 10787
HAZIRA CYCLOHEXENE 7000
LIQUID NATURAL GAS 286440
JNPT LIQUID AMMONIA 19000
LIQUID PETROLEUM GAS 90142
KAKINADA ANHYDROUS AMMONIA 5000
LIQUID AMMONIA 13841
KANDLA ANHYDROUS AMMONIA 25513
BUTANE 111801
LIQUID PETROLEUM GAS 22000
PROPANE 27912
MANGALORE BUTANE 126505
LIQUID AMMONIA 5700
LIQUID PETROLEUM GAS 11024
PROPANE 93802
MUMBAI BUTANE 66437
ETHYLENE 8601
PROPANE 69700
MUNDRA LIQUID PETROLEUM GAS 34430
PARADIP LIQUID AMMONIA 64558
PIPAVAV BUTADIENE 6000
LIQUID PETROLEUM GAS 7912
PORBANDAR LIQUID PETROLEUM GAS 7960
PORT BLAIR LIQUID PETROLEUM GAS 840
SIKKA LIQUID AMMONIA 14000
TUTICORIN LIQUID AMMONIA 6500
LIQUID PETROLEUM GAS 3500
VINYL CHLORO MONOMER 8400
VISAKHAPATNAM ANHYDROUS AMMONIA 21330
LIQUID PETROLEUM GAS 151911
Grand Total 3659188
5
Major Importers of Liquified Gases - July 2021 (Qty in Metric Tonnes)
IMPORTERS CARGO IMPORTS
ADANI TOTAL GAS LTD. LIQUID NATURAL GAS 67500
ARCELOR MITTAL NIPPON STEEL INDIA LTD. LIQUID NATURAL GAS 17700
BHARAT PETROLEUM COPRN. LTD. BUTANE 88628
LIQUID PETROLEUM GAS 115142
PROPANE 85078
BRITISH PETROLEUM LIQUID PETROLEUM GAS 1212
COROMANDAL FERTLIZERS LTD. ANHYDROUS AMMONIA 3000
COROMANDEL INTL. LTD. ANHYDROUS AMMONIA 23330
LIQUID AMMONIA 13841
DEEPAK FERTILIZER AND PETROCHEMICAL CORPN. LTD. LIQUID AMMONIA 19000
DHARANGADARA CHEMICAL WORKS LTD VINYL CHLORO MONOMER 8400
FERTILIZERS AND CHEMICALS TRAVACORE LTD. LIQUID AMMONIA 15675
GAIL INDIA LTD. LIQUID NATURAL GAS 272831
GREENSTAR FERTILIZERS PVT. LTD. LIQUID AMMONIA 6500
GUJARAT PETROLEUM CORPN. LTD. LIQUID NATURAL GAS 51000
GUJARAT STATE FERTILIZERS CO. LTD. LIQUID AMMONIA 14000
GUJARAT STATE PETROLEUM CORPN. LIQUID NATURAL GAS 62267
HINDUSTAN PETROLEUM CORPN. LTD. BUTANE 119910
LIQUID PETROLEUM GAS 78452
PROPANE 97518
INDIAN FARMERS FERTILISER COOP. LTD. LIQUID AMMONIA 36032
INDIAN OIL CORPN. LTD. BUTANE 202219
LIQUID NATURAL GAS 74986
LIQUID PETROLEUM GAS 223513
PROPANE 165061
INDIAN OIL PETRONAS PVT. LTD. LIQUID NATURAL GAS 36288
INDORAMA INDIA PVT. LTD. ANHYDROUS AMMONIA 11750
MANGALORE CHEMICAL AND FERTILIZERS LTD. LIQUID AMMONIA 5700
PARADIP PHOSPHATES LTD. LIQUID AMMONIA 28526
Origin Country-wise Liquid gases imports in India (Qty in Metric Tonnes)
COUNTRY CARGO Jul-21
BAHRAIN LIQUID AMMONIA 19000
BANGLADESH LIQUID AMMONIA 18069
CHINA LIQUID AMMONIA 6501
EGYPT ANHYDROUS AMMONIA 9500
LIQUID AMMONIA 13841
INDONESIA ANHYDROUS AMMONIA 4400
ETHYLENE 8600.712
LIQUID AMMONIA 17963
IRAN LIQUID AMMONIA 13225
IRAQ LIQUID PETROLEUM GAS 5305.11
KUWAIT BUTANE 67831.599
LIQUID PETROLEUM GAS 48459
PROPANE 69624.848
MALAYSIA LIQUID NATURAL GAS 72500
NIGERIA LIQUID NATURAL GAS 68790
QATAR ANHYDROUS AMMONIA 27180
BUTANE 146641.031
LIQUID AMMONIA 20999.931
LIQUID NATURAL GAS 799315
LIQUID PETROLEUM GAS 136619.353
PROPANE 143183.61
VINYL CHLORO MONOMER 8400
SAUDI ARABIA BUTANE 37482.48
LIQUID AMMONIA 13999.639
LIQUID PETROLEUM GAS 124553.68
PROPANE 5454
SPAIN LIQUID NATURAL GAS 69414
SRI LANKA LIQUID PETROLEUM GAS 840
TRINIDAD AND TOBAGO LIQUID NATURAL GAS 131753
U.A.E. BUTANE 148802
LIQUID NATURAL GAS 150000
LIQUID PETROLEUM GAS 93318.3
PROPANE 121294.2
UNITED STATES ETHANE 184000
LIQUID NATURAL GAS 320306
PETRONET LNG LTD. LIQUID NATURAL GAS 807006
PT UNIVERSAL AGENCIES ETHYLENE 8601
RELIANCE INDUS. LTD. ETHANE 184000
SHIV CORPN. LIQUID PETROLEUM GAS 6560
TORRENT POWER LTD. LIQUID NATURAL GAS 72500
TOTAL OIL INDIA LTD. LIQUID PETROLEUM GAS 11024
6
KEY HIGHLIGHTS » IOCL aims for LNG supply scale-up by 2023
» Aegis, Vopak to jointly operate 8 LPG terminals in India » India’s Adani to give LNG discount on port charges
MARKET OVERVIEW
AND TRENDS
7
IOCL aims for LNG supply scale-up by 2023
» The Rs 4,000-crore LNG terminal at Ennore will play major role in achieving target; 85 pc pipeline laying completed
The Indian Oil Corporation Limited (IOCL) is eying a yearly supply target of 2.5 million tonnes of Liquefied Natural Gas (LNG) to Tamil Nadu by 2023 via its vast 1,444-km pipeline network, expected to be completed by February 2022. At the heart of this ambitious plan is the Rs 4,000-crore LNG terminal at Ennore, the first such facility along India’s east coast. P Jayadevan, Executive Director and State Head of IOCL for Tamil Nadu, told media persons that the five-million-tonne-per-annum LNG import terminal, commissioned in 2019, is supplying 15 per cent of its production to major customers like Chennai Petroleum Corporation, Madras Fertilisers, Tamil Nadu Petroproducts, and Manali Petrochemicals through lorries. “Currently, 85 per cent of the pipeline laying has been completed despite constraints due to the pandemic. Once the entire 1,444 kilometer LNG pipeline is completed, the quantum of LPG demand will increase. We are targeting 2.5 million tonnes per annum by 2023 and 5 million tonnes by 2025,” said Jayadevan, adding that the capacity is scalable up to 10 million tonnes per annum as the consumption grows. IOCL has already signed agreements to supply over 40 industrial customers located along the supply route. The LNG pipeline, commencing from this terminal in Ennore, would run alongside the Chennai-Tiruchy-Madurai pipeline for liquid fuels and would touch all these cities. From Madurai, it would be linked to the Ramanathapuram-Thoothukudi section of the pipeline, which has already been commissioned
8
and operational from February. The main pipeline would get connected through branch lines and spur lines to all the major commercial or industrial clusters in Kancheepuram, Asanur, Puducherry, Sriperumbudur, Cuddalore, and Nagapattinam districts. The pipeline would also have a separate loop line passing through Thiruvallur to Bengaluru. According to the plan, the pipeline, along its route, will cover three States and 21 districts.
Source: The New India Express
Aegis, Vopak to jointly operate 8 LPG terminals in India
» Terminals at 5 ports on east, west coasts with total 960,000 cu m capacity » CRL terminal will be jointly controlled as part of Aegis Vopak Terminals Ltd » Vopak to acquire 24% in Hindustan Aegis LPG; Aegis to own 51%, Itochu 25%
Aegis Group and Dutch tank storage company Royal Vopak is forging a joint venture to operate a network of eight terminals in five strategic ports on India’s east and west coasts with total capacity of around 960,000 cu m, making it one of the country’s largest independent tank storage companies for LPG and chemicals. The transaction is expected to close early 2022 and the partnership is positioned for further growth, targeting mainly LPG and chemicals as well as industrial terminal opportunities, both the firms said in a statement July 12. The transaction involves two entities that Vopak will simultaneously buy into on a joint-control basis. The first is Aegis Vopak Terminals Ltd., in which Vopak will acquire 49%. Vopak’s existing CRL terminal entity in Kandla will become a wholly owned unit of Aegis Vopak Terminals Ltd. CRL is currently a fully owned subsidiary of Vopak and upon the transaction’s closure, it will be jointly controlled, as CRL will be part of Aegis Vopak Terminals Ltd. Aegis’ network of terminal assets at five locations in Kandla, Pipavav, Mangalore, Kochi and Haldia on the west and east coasts, will be added to the joint-venture asset base, they said. Second is the Hindustan Aegis LPG Ltd. entity, in which Vopak will acquire 24%. Hindustan Aegis is currently a joint venture between Aegis and Japanese trading house Itochu. In 2017, Itochu marked the first Japanese participation in an Indian LPG terminal by taking a stake in Aegis’s wholly owned subsidiary, Hindustan Aegis LPG, which operates the 2.5 million mt/year Haldia terminal, providing LPG logistics and handling facilities as well as charging service fees for third-party importers of LPG such as national oil marketing companies. After the Aegis-Vopak transaction, Aegis will own 51% and Itochu will continue to hold 25%, the statement said.
Potential to grow into LNG, Renewables“This joint venture with Vopak will accelerate the growth of Aegis in the terminals business and has the potential to allow Aegis to diversify into new areas of gas storage such as LNG and other energy projects, including renewables in partnership with the world’s leading independent tank storage company,” said Raj Chandaria, Chairman of Aegis Logistics Ltd. India is the world’s second-largest importer of LPG behind China, importing just above 15 million mt/year. “This is an investment in a growth market and by joining forces with Aegis, we aim to deliver growth over the next 10 years in line with the new joint ventures’ and India’s ambition for LPG,” said Eelco Hoekstra, Chairman of the Executive Board and CEO of Royal Vopak. Vopak and Aegis have arranged financing of Eur153 million ($181.50 million) in the joint ventures. Shipping giant BW LPG, which had projected India’s LPG imports to grow 34% up to 2025, has also formed a joint venture with India’s Global United Shipping in 2017 to serve the Indian market.
Source: spglobal
9
India’s Adani to give LNG discount on port charges
» Indian private-sector port operator Adani Ports and Special Economic Zone is offering financial incentives for LNG-fuelled carriers that berth at Mundra port on the country’s west coast.
Adani, which operates the country’s largest commercial port at Mundra in Gujarat state, will offer a 50pc discount on port dues, pilotage and berth hire charges for vessels using dual-fuel engines with LNG as primary fuel. The vessels must use LNG as fuel within the Mundra port limits and must carry and present evidence of using LNG as a fuel. Mundra handles liquid cargoes, LNG, LPG, crude, bulk and container cargoes. The waiver on port charges will not apply to carriers using LNG as fuel and carrying LNG as a cargo. State-controlled GSPC and Adani are partners in a 5mn t/yr LNG import terminal at Mundra. It is unclear if the waiver scheme will be extended to the company’s other ports. Adani operates 12 ports and terminals on the east and west coasts representing 24pc of the country’s port capacity.
Source: ArgusMedia
10
» J. M. Baxi & Co. Monthly Agri Products Update
» J. M. Baxi & Co. Monthly Automotive Logistics Update
» J. M. Baxi & Co. Monthly Cement Update
» J. M. Baxi & Co. Monthly Chemical Update
» J. M. Baxi & Co. Monthly Coal Update
» J. M. Baxi & Co. Monthly Container Update
» J. M. Baxi & Co. Monthly Cruise Shipping Update
» J. M. Baxi & Co. Monthly Edible oil and Extractions Update
» J. M. Baxi & Co. Monthly Fertilizer Update
» J. M. Baxi & Co. Monthly LNG & LPG Update
» J. M. Baxi & Co. Monthly Mineral and Metal Update
» J. M. Baxi & Co. Monthly Oil and Petroleum Update
» J. M. Baxi & Co. Monthly Port Update
» J. M. Baxi & Co. Monthly Project Cargo Update
» J. M. Baxi & Co. Monthly Seafarers Insights
» J. M. Baxi & Co. Monthly Steel Update
OTHER REPORTS FORAUGUST 2021
Research Cell,J. M. Baxi & Co., Godrej Coliseum, Office No. 801, 8th floor, “C” wing, Behind Everard Nagar, Off. Somaiya Road, Sion. Mumbai - 400022 INDIA.
Contact Details,Telephone: 022 61077100 Ext 161/145, Mobile: 091-7506004224 / 7045659111, Mail: [email protected], Website: www.jmbaxi.com