Monday, June 27, 2022
cnntoday
  • World
    • Africa
    • Europe
    • Middle East
    • China
  • United States
  • India
  • Australia
  • UK
  • Business
  • History & Art
  • Science
  • Sports
  • Video Reels
  • Shorts
No Result
View All Result
  • World
    • Africa
    • Europe
    • Middle East
    • China
  • United States
  • India
  • Australia
  • UK
  • Business
  • History & Art
  • Science
  • Sports
  • Video Reels
  • Shorts
No Result
View All Result
News 100
No Result
View All Result
Home World India

Asia, Middle East utilities turn to dirtier fuel as LNG prices bite

September 10, 2021
in India
Reading Time: 3 mins read
0 0
A A
0
Asia, Middle East utilities turn to dirtier fuel as LNG prices bite
0
SHARES
26
VIEWS


Surging liquefied natural gas (LNG) prices are prompting utilities across Asia and the Middle East to burn more high-sulphur fuel oil (HSFO) than usual to meet increased power demands during summer, analysts and traders say.

The move towards the cheaper but more polluting HSFO highlights the problems faced by developing countries which have to grapple with the economics of lower costs versus meeting emission-cutting standards.

The strong demand for the residual fuel oil could last beyond the summer as global economic recovery from Covid-19 gathers momentum and global LNG prices hold firm at more than twice where they averaged in 2020, the analysts said.

“With (spot) LNG prices surpassing HSFO, power generation plants are switching from gas to oil where possible,” said Serena Huang, Vortexa’s Asia lead analyst, highlighting strong power demand in the Middle East, Pakistan and Bangladesh.

“Fuel oil imports are likely to rise further as LNG prices continue to head north amid tight supply-demand fundamentals,” said Huang.

Also see: Green push: Coal India to retrofit LNG kits in its dumpers

Asian spot LNG prices are currently at their highest since January, and also at their highest for this time of the year since at least 2010.

They are expected to climb further during the northern hemisphere winter when demand for LNG for heating typically surges.

“LNG (imported) into Pakistan is now about $250 per tonne more expensive than 180-cst (centistoke) HSFO,” a senior Singapore-based fuel oil trader said.

He added that on a forward price basis, spot LNG cargoes are trading above fuel oil prices through the first-quarter of 2022.

“We will see unprecedented switching into first quarter of next year at current prices,” the trader said, noting that fuel switching is already occurring across Asia and the Middle East.

Oil burners back on

Utilities are to idle gas-fired power plants and restart oil-fired units if the price difference is wide enough and local emissions rules allow.

In South Asia, Pakistan’s fuel oil imports this year are already about 65 per cent above 2020’s total, while Bangladesh is considering increasing fuel oil imports by nearly 10 per cent in the financial year starting July 1.

“For Bangladesh’s peak electricity demand, HSFO is an economically better option,” a source within a utility in Bangladesh said.

In the Middle East, Saudi Arabia and Kuwait have also stepped up seasonal fuel oil imports amid soaring temperatures and recovering economic activity, trade sources said.

“Scorching temperatures in the Middle East are prolonging cooling demand,” consultancy Energy Aspects said in a report to clients this week, adding that the region’s strong demand has improved the economics of exporting HSFO from Europe to the Middle East lately.

Low stocks

Fuel oil supplies have already been constrained after Middle East producers cut heavy sour crude oil production to meet supply targets set by the Organization of the Petroleum Exporting Countries, and as refineries reduced crude throughput.

A fire at a heavy crude Mexican offshore platform in late-August is also expected to curtail fuel oil output, Energy Aspects said.

Global fuel oil inventories across key storage and trading hubs are at, or near, multi-month lows as a result.

Combined with brisk demand, the tight inventories helped propel the 180-cst HSFO cash premium and front-month time spread to near two-year highs in late-August.

Tighter residual fuel oil supplies and strong demand from Chinese refineries for cheaper feedstock following a fuel tax overhaul in June are also boosting prices of 0.5 per cent very low-sulphur fuel oil (VLSFO).

“The time for VLSFO to shine may come later in the winter if cold weather increases demand for liquid fuels in power generation in countries such as Japan and South Korea where LSFO is required,” Energy Aspects said in a note to clients.



Source link

Tags: climate changefuelshsholngpower production
ShareTweetShareSendSend

Related Posts

Chief Minister, YS Jagan Mohan Reddy releases a cash cheque for Ammavodi Scheme in the presence of beneficiaries, AP Assembly Speaker, Tammineni Sitaram, and AP Cabinet Ministers during a public meeting at Srikakulam on Monday. (Photos by Arrangement)
India

I am fighting lone battle with rivals: Jagan

June 27, 2022
19
Dindigul Campus Connect
India

Dindigul Campus Connect

June 27, 2022
19
Shiv Sena leader Sanjay Raut addresses a press conference at Shiv Sena Bhawan, in Mumbai. Enforcement Directorate summoned Raut in connection with a land scam case, on Monday, June 27, 2022. (PTI Photo)
India

ED summons Shiv Sena MP Sanjay Raut for questioning in money laundering case

June 27, 2022
19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

News 100

© 2021 News100

https://securetpnews.info/slot-gacor/ https://news100.org/situs-judi-slot-terbaik-dan-terpercaya-no-1/ slot online Slot Gacor Slot Terbaru Situs Slot Gacor Slot Gacor Gampang Menang http://germaninn.com.au/poker-online/index.html https://www.takecarepharmacy.com/13-situs-judi-slot-gacor-gampang-menang/ http://germaninn.com.au/sbobet/index.html https://www.foxholegame.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.shinnecock-nsn.gov/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.fuyu.com.my/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.bramptonconsultancy.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.rhapp.org/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.kubedliving.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.amongstliars.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.orthodonticacademy.co.uk/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.waste4warmth.org/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.redehospitalcasa.com.br/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.redehospitalcasa.com.br/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.sistahspace.org/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.halaleatsfw.com/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.fuyu.com.my/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.piaget.edu.vn/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.davisdanceco.com/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.imaginariumtheatre.co.uk/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.shinnecock-nsn.gov/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.lupinewoods.co.uk/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.masterthenec.com/community/profile/10-judi-slot-online-jackpot-terbesar-2022/ https://associazionenuovapescara.it/forum-delle-idee/profilo/10-judi-slot-online-jackpot-terbesar-2022/ https://www.networksofopportunity.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.waste4warmth.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.rhapp.org/profile/situs-judi-slot-online-paling-gacor/profile https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-judi-slot-online-paling-gacor/ https://www.sciencefilm.ch/profile/slot-gacor-2022/profile https://www.olivasdegramado.com.br/profile/slot-gacor-2022/profile https://kingsherald.com/kingslanding/profile/situs-slot-gacor-gampang-menang-terbaru-2022/ https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-slot-gacor-gampang-menang-terbaru-2022/ https://www.lajoven.es/profile/situs-slot-gacor-gampang-menang-terbaru-2022/profile https://www.kubedliving.com/profile/slot-gacor-gampang-menang-2022/profile https://www.halaleatsfw.com/profile/slot-gacor-gampang-menang-terbaru-2022/profile https://www.imaginariumtheatre.co.uk/profile/slot-gacor-gampang-menang-2022/profile https://www.sciencefilm.ch/profile/slot-gacor-gampang-menang-2022/profile https://www.shinnecock-nsn.gov/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://www.bramptonconsultancy.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.amongstliars.com/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://www.foxholegame.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.kubedliving.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.imaginariumtheatre.co.uk/profile/situs-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.waste4warmth.org/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.aarepla.org/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-judi-slot-terbaik-dan-terpercaya/ https://www.statetodaytv.com/profile/weednesday/profile https://www.phmais.pt/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://lm.edu.sa/forum/profile/situs-judi-slot-terbaik-dan-terpercaya-no-1/ https://www.shinnecock-nsn.gov/profile/slot-online-paling-gacor-gampang-menang/profile https://www.rhapp.org/profile/slot-online-paling-gacor-gampang-menang/profile https://es.gybn.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.2021.hccg.gov.tw/profile/situs-judi-slot-online-paling-gacor/profile https://es.gybn.org/profile/slot-gacor-gampang-menang-anti-rungkad/profile https://www.2021.hccg.gov.tw/profile/slot-gacor-gampang-menang-2022/profile

Navigate Site

  • Contact Us
  • Privacy & Policy
  • Other Links

Follow Us

No Result
View All Result
  • World
    • Africa
    • Europe
    • Middle East
    • China
  • United States
  • India
  • Australia
  • UK
  • Business
  • History & Art
  • Science
  • Sports
  • Video Reels
  • Shorts

© 2021 News100

https://securetpnews.info/slot-gacor/ https://news100.org/situs-judi-slot-terbaik-dan-terpercaya-no-1/ slot online Slot Gacor Slot Terbaru Situs Slot Gacor Slot Gacor Gampang Menang http://germaninn.com.au/poker-online/index.html https://www.takecarepharmacy.com/13-situs-judi-slot-gacor-gampang-menang/ http://germaninn.com.au/sbobet/index.html https://www.foxholegame.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.shinnecock-nsn.gov/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.fuyu.com.my/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.bramptonconsultancy.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.rhapp.org/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.kubedliving.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.amongstliars.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.orthodonticacademy.co.uk/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.waste4warmth.org/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.redehospitalcasa.com.br/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.redehospitalcasa.com.br/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.sistahspace.org/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.halaleatsfw.com/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.fuyu.com.my/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.piaget.edu.vn/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.davisdanceco.com/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.imaginariumtheatre.co.uk/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.shinnecock-nsn.gov/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.lupinewoods.co.uk/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.masterthenec.com/community/profile/10-judi-slot-online-jackpot-terbesar-2022/ https://associazionenuovapescara.it/forum-delle-idee/profilo/10-judi-slot-online-jackpot-terbesar-2022/ https://www.networksofopportunity.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.waste4warmth.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.rhapp.org/profile/situs-judi-slot-online-paling-gacor/profile https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-judi-slot-online-paling-gacor/ https://www.sciencefilm.ch/profile/slot-gacor-2022/profile https://www.olivasdegramado.com.br/profile/slot-gacor-2022/profile https://kingsherald.com/kingslanding/profile/situs-slot-gacor-gampang-menang-terbaru-2022/ https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-slot-gacor-gampang-menang-terbaru-2022/ https://www.lajoven.es/profile/situs-slot-gacor-gampang-menang-terbaru-2022/profile https://www.kubedliving.com/profile/slot-gacor-gampang-menang-2022/profile https://www.halaleatsfw.com/profile/slot-gacor-gampang-menang-terbaru-2022/profile https://www.imaginariumtheatre.co.uk/profile/slot-gacor-gampang-menang-2022/profile https://www.sciencefilm.ch/profile/slot-gacor-gampang-menang-2022/profile https://www.shinnecock-nsn.gov/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://www.bramptonconsultancy.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.amongstliars.com/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://www.foxholegame.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.kubedliving.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.imaginariumtheatre.co.uk/profile/situs-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.waste4warmth.org/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.aarepla.org/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-judi-slot-terbaik-dan-terpercaya/ https://www.statetodaytv.com/profile/weednesday/profile https://www.phmais.pt/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://lm.edu.sa/forum/profile/situs-judi-slot-terbaik-dan-terpercaya-no-1/ https://www.shinnecock-nsn.gov/profile/slot-online-paling-gacor-gampang-menang/profile https://www.rhapp.org/profile/slot-online-paling-gacor-gampang-menang/profile https://es.gybn.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.2021.hccg.gov.tw/profile/situs-judi-slot-online-paling-gacor/profile https://es.gybn.org/profile/slot-gacor-gampang-menang-anti-rungkad/profile https://www.2021.hccg.gov.tw/profile/slot-gacor-gampang-menang-2022/profile

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Slot88

Slot Gacor

Situs Slot Gacor

Slot Gacor

Slot Online

Daftar Slot88

Slot88

Slot Gacor

Slot Gacor

Slot88 Online

Slot Gacor Pragmatic

Slot Online Terbaik dan Terpercaya

Slot Gacor

Slot Online Terbaik dan Terpercaya