lngflow dashboard may 2020/media/mckinsey/industries/oil... · 2020-06-12 · fueled by lngflow...

Fueled by LNGFlow this dashboard is based on real-time tracking of LNG �ows globally by McKinsey’s LNGFlow solution.For more granular details, please contact Mateusz_Czajkowski@mckinsey.com or Dumitru_Dediu@mckinsey.com

Source: McKinsey’s Energy Insights LNGFlow; Vesseltracker®, powered by Genscape

LNGFlow Dashboard May 2020

LNG �ows by contract type, monthly deliveries

Monthly year-over-year change, %

Monthly year-over-year change, %

Shipping, billion tonne-miles

Liquidity, %

2019 2020M AM MJ J A S FO N D J

2019 2020M AM MJ J A S FO N D J

2019 2020MarchFebruary AprilMay MayJune July August September October November December January

Volume sent

Volume received

Monthly year-over-year change, %

United StatesRussiaRest of worldQatarNigeriaMalaysiaAustralia

2912

–93

14–26

2

Rest of worldRest of AsiaJKTEuropeChina

–15–19–81719

Paci�c–Paci�cPaci�c–AtlanticAtlantic–Paci�cAtlantic–Atlantic

–8–116756

32–16

Short term and spot

LTC

0

10

0

50

100

150

200

0

25

50

75

100

Shipping contract type

ContractedShort term and spot

–40

–30

–20

0

–10

Global net imports were up 0.8 MT in May versus April, with year-to-date additional supply reaching 9.5 MT (or 6 percent). China continued to ramp up imports in May at 5.7 MT, up 1.2 MT year to date versus 2019. Imports to Japan, South Korea, and Taiwan (JKT) were down 0.5 MT versus April, but overall were 1.1 MT higher year to date than in 2019. Finally, European imports for May were up 0.1 MT versus April at 8.9 MT, resulting in an additional 7.4 MT absorbed volumes versus 2019 year to date.

Re�ecting a drop in seasonal demand, global LNG supply reached 30.6 MT in May, down 0.4 MT versus April. With the exception of Qatar, which exported an extra 0.6 MT, most regions reduced their �ows. For example, Australian exports were down 0.5 MT and US output was down 0.4 MT.

20

30

40