Quand l’essence européenne alimente l’Australie en fin d’hiver. Plus de 20000 km de voyage, les pays exportateurs étant l’Estonie et la Lettonie…
Au cœur de ce business, le trader #Trafigura.
The 16,000-Mile Gasoline Cargoes Revealing Dysfunctional Trade - Bloomberg
Australia is increasingly taking Europe’s end-of-season gasoline.
Bloomberg LP, Mapbox, OpenStreetMap
• Traders sending more and more European gasoline to Australia
• Shipments show challenge for country to cover own fuel needs
Summer is coming to Europe and that can only mean one thing. It must be time to send the continent’s excess gasoline halfway across the planet.
At least 400,000 metric tons of gasoline have been shipped or booked for delivery to Australia from northwest Europe since the start of this year, according to shipping data compiled by Bloomberg. Over 10,000 tons of marine fuel will probably be consumed to transport these cargoes just on one leg of the journey, more than some refineries produce in a day.
While the precise motives for the trades are unlikely to become known, such cargoes could make sense because of the onset of Europe’s summer, which means switching to gasoline that’s more suited to warmer temperatures. That requires any excess stockpiles of winter-grade product to be cleared. Nonetheless, the cargoes also highlight the challenges Australia faces to supply itself or source alternative inventories more locally.
European flows to Australia accelerated last year, having halted since 2012. Estonia and Latvia — two Baltic states — delivered cargoes for the first time in at least seven years in 2018, according to data from ITC Trade Map, a venture between the WTO and the United Nations.
Commodities trader Trafigura Group Ltd. was the main charterer for the 400,000 tons sailing or booked for delivery so far in 2019. A spokesman for the company declined to comment.