Skip to main content

PNG LNG seeking to sell six cargoes

Published by
LNG Industry,

According to Reuters, trade sources have reported that the Papua New Guinea LNG (PNG LNG) export project is looking to sell six LNG cargoes in a tender.

Reuters reports that the cargoes are for delivery between May and October 2017, with traders adding that these are likely to attract a significant amount of interest.

Customers of ExxonMobil’s 6.9 million tpy facility include Sinopec, CPC, Osaka Gas and Tokyo Electric Power Co.

One trade source reportedly said: “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.”

Read the article online at:

You might also like


[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

LNG export news