Thomson Reuters Point Carbon

Global LNG in a Nutshell – Key Selling Points

To find the Point Carbon content, search for ‘LNG Tracker’ on Eikon, then go to the LNG Tracker flex, then to

‘Research and Analysis’ tab on the flex.

List of LNG expected arrivals in Europe: our clients like to check this list in the

morning because it gives them an overview of how many LNG tankers are expected

to arrive in Europe, since this will affect the LNG send out rate from European’s LNG

terminals, and consequently affect the system’s tightness and trading prices. The low

frequency of tanker arrivals also reflects tightness in the global LNG spot market,

particularly in the Asia Pacific region. Our plan for 2014 is to expand this list

globally, so that one can track arrivals not only in Europe but also in other regions.

To understand the tightness of the Asian spot market, the LNG-JCC-Indexed and Asian Spot and Japan Landed

Price charts will help. The Japanese Crude Cocktails (JCC) and Brent index is an index of long-term contract

prices for LNG imports into Japan and Asian spot is the spot price assessment by our journalists on a weekly

basis. When the spot price is above long-term contract price, there is a high demand for spot LNG in Asia,

which could imply there would be less LNG to Europe. You can also compare how the spot price has developed

this year compared with previous years.

Explanation of development in the Asian spot market can be found in the

weekly report on the left side. Also in Waterborne notes of interest, you can

find reports focusing on Americas, Europe and Asia, and sometimes the

Waterborne notes of interest, provided by an external company Waterborne,

also focus on particular topics: how many nukes in Japan are expected to

come back, prospects of U.S exports, Europe import and re-export analysis.

A trader or analyst in Europe may also be interested in Europe re-export,

particularly from Spain. On the front page, you can find charts showing

Spanish re-exports and price development. Due to cold weather and lack of

renewable, there has not been much re-export from Spain this January

compared with December. The power team is developing models for the Spanish power market, which will

be a complement for LNG

Under Regasification>Europe>Prompt, you can see how the European terminals are utilizing their LNG. For

example, UK has very low send out utilization rate and high stock level, which indicates that the terminals in

the UK are not expecting many tankers to the country and holding back their stocks.

Under Weather>Asia, you will find temperature forecast for Tokyo and Seoul for 15 and 30 days ahead

compared with 30-year normalized temperature. Colder than normal temperature may mean that they need

to use more LNG for heating and LNG stock levels become depleted, leading to more demand for LNG imports

to fill up the stocks. Our plan for 2014 is to include temperature forecast for 6 months ahead and power and

heating gas demand forecast, first for Japan, then South Korea. Our model results will provide an indication

of how much LNG these countries need to import, and what

would happen to the demand when nukes in Japan come back.

We will also include some research and analyses on Chinese

LNG demand.

Under Infrastructure>LNG Infrastructure, you will find an

overview of LNG import and export terminals and tankers in

operations. For a full overview of LNG fleet development, search

for Freight Fundamental Database on Eikon. Once we have our

forecast demand for Northeast Asia ready, we will combine it

with analysis of new projects from Australia and U.S to

understand which implications these will have on the spot prices.

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Sales Specialist, Commodities and Energy

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