MONTHLY REPORT AUGUST 2021

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

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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


PROPANE 27368

ENNORE ANHYDROUS AMMONIA 3000


LIQUID PETROLEUM GAS 145514

HALDIA ANHYDROUS AMMONIA 11750

BUTADIENE 8620

BUTANE 227423

PROPANE 218387

PYROLISIS GAS 10787

HAZIRA CYCLOHEXENE 7000


JNPT LIQUID AMMONIA 19000


KAKINADA ANHYDROUS AMMONIA 5000

LIQUID AMMONIA 13841

KANDLA ANHYDROUS AMMONIA 25513

BUTANE 111801


PROPANE 27912

MANGALORE BUTANE 126505

LIQUID AMMONIA 5700


PROPANE 93802

MUMBAI BUTANE 66437

ETHYLENE 8601

PROPANE 69700

MUNDRA LIQUID PETROLEUM GAS 34430

PARADIP LIQUID AMMONIA 64558

PIPAVAV BUTADIENE 6000


PORBANDAR LIQUID PETROLEUM GAS 7960

PORT BLAIR LIQUID PETROLEUM GAS 840

SIKKA LIQUID AMMONIA 14000

TUTICORIN LIQUID AMMONIA 6500


VINYL CHLORO MONOMER 8400

VISAKHAPATNAM ANHYDROUS AMMONIA 21330


Grand Total 3659188

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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


PROPANE 85078

BRITISH PETROLEUM LIQUID PETROLEUM GAS 1212

COROMANDAL FERTLIZERS LTD. ANHYDROUS AMMONIA 3000

COROMANDEL INTL. LTD. ANHYDROUS AMMONIA 23330


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


PROPANE 97518

INDIAN FARMERS FERTILISER COOP. LTD. LIQUID AMMONIA 36032

INDIAN OIL CORPN. LTD. BUTANE 202219



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


INDONESIA ANHYDROUS AMMONIA 4400

ETHYLENE 8600.712


IRAN LIQUID AMMONIA 13225

IRAQ LIQUID PETROLEUM GAS 5305.11

KUWAIT BUTANE 67831.599


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 PETROLEUM GAS 136619.353

PROPANE 143183.61

VINYL CHLORO MONOMER 8400

SAUDI ARABIA BUTANE 37482.48

LIQUID AMMONIA 13999.639


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



PROPANE 121294.2

UNITED STATES ETHANE 184000


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

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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

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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

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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

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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

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» 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

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MONTHLY REPORT AUGUST 2021