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Print[ferro-alloys.com] Iron ore imports by China this year are on course to exceed one billion tonnes by a comfortable margin, breaking the 2016 record, after figures for the first half showed another jump in cargoes and highlighted the ability of the largest steelmaker to absorb rising seaborne supplies.
Shipments in June were 94.7 million tons (mt), up from 91.5mt in May, according to customs data on Thursday. In the first six months, imports rose to 539mt, 9.3% higher than the same period in 2016. Last year, China only just beat the one billion ton-mark, importing 1.024 billion tons.
The US is on track to have capacity to become the world’s second largest exporter of liquefied natural gas (LNG) by the end of 2022, just behind Australia and ahead of Qatar, the International Energy Agency (IEA) said.
Overall, global LNG export capacity would reach 650 billion cubic metres (bcm) a year by the end of 2022, compared to less than 452 bcm a year in 2016, IEA said in its annual report on gas markets.
Of that amount, Australia would have capacity to export 117.8 bcm a year of LNG, followed by the US with 106.7 bcm a year and Qatar with 104.9 bcm a year, it said. Australia would stay top by adding 30 bcm a year of capacity by the end of 2022 to its existing capacity, but the US, which has seen shale gas output surge, would add about 90 bcm a year to its capacity of about 14 bcm a year now.
Source: livemint
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