London — UK imports of Qatari LNG are likely to reach 1.247 Bcm of gas equivalent in September, according to data from Eclipse, an analytic arm of Platts.
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For the month so far, a total of 0.875 Bcm has landed in Britain, with another 0.372 Bcm expected to arrive before month's end.
A total of six Qatari Q-Flex and Q-Max vessels have arrived in September, with three more expected to arrive before the end of the month: the 266,000-cu m Mozah, 210,100-cu m Onaiza and 210,100-cu m Al Karaana.
For 2015, Qatari exports to the UK are up 12% (to 9.146 Bcm) compared to the same period last year (8.188 Bcm), as demand from the traditional premium market of North Asia has declined, with the average Platts Japan Korea Marker for 2015 ($7.586/MMBtu) having lost almost half of its value compared to the same period last year ($14.596/MMBtu).
Expected imports for September were on par with the 1.281 Bcm delivered in August, and both were above imports in June(0.729 Bcm) and July (0.811 Bcm) by more than 50%.
Deliveries for June and July, however, both fell below the preceding months of March (1.057 Bcm), April (1.262 Bcm) and May (1.288 Bcm).
In June, total delivered exports from Qatar were almost 11% below the 8.996 Bcm monthly average for 2015.
This resulted in lower deliveries to the UK and other Western European countries with regasification terminals, which are usually the market of last resort for Qatari cargoes.
July, meanwhile, saw unusually high Qatari volumes going to South America and the Middle East.
Argentina and Brazil received a total of 0.644 Bcm for the month, 164% above the monthly average of 0.244 Bcm for 2015.
Kuwait and Jordan, meanwhile, received a combined 0.570 Bcm for July, compared to a total of 0.624 Bcm received in the first half of the year.