Zhenhua purchases LNG cargo from Chevron
Published by Will Owen,
Editor
LNG Industry,
According to Reuters, China’s Zhenhua Oil has purchased its first LNG cargo from Chevron Corp.
The cargo totalled 100 million m3 and was purchased at US$0.30 per million Btu discount to Japan Korea Marker (JKM) quotes on a delivered basis. Chevron’s Gorgon project, located in Australia, supplied the cargo which has since been delivered to CNOOC’s Yuedong terminal in Shenzhen, China.
Zhenhua and its partner Longkou paid US$26.5 million for access to the CNOOC facility in a recent auction.
This transaction forms part of the wider trend of China seeking to broaden its LNG import market.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01112018/zhenhua-purchases-lng-cargo-from-chevron/
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