US-loaded ethane vessel heads to India after China export curbs
Around half of all U.S. ethane exports head to China, where it is used by the petrochemical industry. The vessel's change in destination underscores how the fallout from trade tensions between the United States and China is shifting ethane flows.
Liberia-flagged STL Qianjiang, which loaded at Energy Transfer's (ET.N), opens new tab Nederland terminal for China's Satellite Chemical (002648.SZ), opens new tab, signaled Dahej, a port on the West Coast of India, as its destination, according to LSEG and Kpler ship tracking data.
The final buyer of the cargo is India's Reliance Industries (RELI.NS), opens new tab, Kpler data showed, citing the vessel's bill of lading.
The ship has traversed only between the United States and Satellite Chemical's Lianyungang petrochemical facility since July 2022, according to historic data on Kpler.
Energy Transfer, Satellite Chemical and Reliance did not immediately reply to a request for a comment.
Energy Transfer and Enterprise Products Partners (EPD.N), opens new tab, two of the top U.S. ethane producers and exporters, said they have received letters from the U.S. Commerce Department requiring the companies to apply for a license to ship ethane to China.
Enterprise said it also received a notice from the U.S. government of its intent to deny emergency requests for three proposed export cargoes of ethane totaling around 2.2 million barrels to China.
Chinese petrochemical firms use ethane as a feedstock because it is a cheaper alternative than naphtha, while U.S. oil and gas producers need China to buy their natural gas liquids as domestic supply exceeds demand.
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