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.

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