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PNG LNG seeking to sell six cargoes

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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.”

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LNG export news