LNG vessels build up outside ports

Suppliers of LNG have been rejecting force majeure notices from Indian buyers and as a result the number of laden LNG vessels has been building up along the west coast of India.

The discharge rate at Indian terminals has been lower since a 21-day lockdown was imposed in the country on March 24th.

In the first two weeks after the lockdown was imposed in India discharged 12 LNG cargoes, compared with 16 in the two weeks before March 24th, S&P Global Platts trade flow software cFlow showed.

Three LNG vessels — LNG Abuja 2, Mubaraz (IMO 9074626) and Malanje (IMO 9490959) — were identified as idling along the western coast of India, according to cFlow.

Malanje had sailed from Angola’s Soyo LNG terminal on March 13th and had been off the western coast of India since March 29th. Mubaraz sailed from Das Island, UAE, on March 26th and has been idling off the Gujarat coast since March 30th. LNG Abuja 2 left Nigeria’s Bonny LNG terminal on March 15th and had been anchored off the Indian west coast since April 5th, according to cFlow data.

Also, the Rioja Knutsen was slow steaming towards the Dahej LNG terminal. The vessel sailed from the US’ Sabine Pass LNG terminal on March 2nd and was scheduled to enter Dahej  on April 8th.

There has been a significant decline in demand for Indian LNG and domestic gas as a result of the country’s lockdown, leading to many importers (e.g., GSPC, GAIL and Petronet LNG) cancelling their orders, citing force majeure. – an escape route that many suppliers were not willing to accept.

1996-built, Liberia-flagged, 116.703 gt Mubaraz is owned by Mubaraz Ltd care of manager Abu Dhabi Marine Operations & Services Company LLC (ADNOC Logistics & Services) , of Abu Dhabi, United Arab Emirates. It is entered with Gard AS on behalf of Mubaraz Ltd.

2011-built, Bahamas-flagged, 100,723 gt Malanje is owned by Mint LNG II Ltd care of manager NYK LNG Shipmanagement (UK) Ltd of Canary Wharf, London, UK. It is entered with UK Club (Area Group London J1) on behalf of Mint LNG II Ltd.