11-07-2018

Taiwan’s LNG terminals unaffected by typhoon, key Asian trade route may be hit

Taiwan’s LNG terminals continue to operate normally, a source with operator CPC said Tuesday after the company issued alerts earlier in the day that it had stopped bunker operations at the ports of Keelung, Taichung, Suao and Hualien because of Typhoon Maria.

LNG trading routes to northeast Asia could be affected and LNG deliveries delayed, an LNG trader said Tuesday, as the typhoon is set to move past northern Taiwan before making landfall in Fujian, mainland China, around midday Wednesday.

CPC currently has 13.5 million mt/year of LNG receiving capacity, with its Yung-An terminal’s operating capacity at 9 million mt/year and Taichung terminal’s capacity at 4.5 million mt/year.

According to Taiwan’s Central Weather Bureau’s 0900 GMT update on its website, Typhoon Maria was moving in a west-northwesterly direction at 32 kph, with a maximum wind speed of 53 m/s and wind gusts of 65 m/s.

Typhoon Maria could bring strong winds and heavy rains to northern and central Taiwan, with the impact expected to be strongest from late Tuesday to early Wednesday, with downpours up to 500 ml (19.7 inches) forecast in some areas, the bureau added. It is currently unclear whether the storm will make direct landfall in Taiwan, the bureau added.

China-based bunker fuel sources said that ports located along the east coast of China, such as Shanghai and Ningbo-Zhoushan, will halt bunkering operations due to Typhoon Maria.

Source: Platts

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