Papua New Guinea LNG Export Plant Seeks To Sell 6 Cargos In Tender

Reuters

MILAN, Feb 21 (Reuters) - Exxon Mobil's Papua New Guinea liquefied natural gas (PNG LNG) export facility is seeking to sell six cargoes in a tender, trade sources said.

Cargoes are for delivery between May and October, traders said, adding that they expected the tender to attract high levels of interest.

"It's also a bearish sign that PNG is trying to sell so many ... it suggests expected demand from the plant's long-term customers in Japan, Taiwan and others is weak," one source said.

Customers at the 6.9 million tonnes a year plant are Tokyo Electric Power Company, Osaka Gas, Taiwan's CPC and China's Sinopec.

(Reporting by Oleg Vukmanovic; Editing by Greg Mahlich)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
QA/QC Engineer
Expertise: Mechanical Engineering|QA / QC / Inspection
Location: Houston, TX
 
Electronics technician
Expertise: Electrical Technician|Field Service Tech|Mechanical Technician
Location: El Reno, OK
 
Mechanical / Piping Inspector | Third Party Surveillance | CO
Expertise: Client Representative|Pipe Inspection / NDT|QA / QC / Inspection
Location: Fort Collins, CO
 
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours