Skip to main content

LNG tanker bound for Papua New Guinea diverts to Singapore

Published by
LNG Industry,


Reuters are reporting that a LNG tanker bound for Papua New Guinea from Taiwan has diverted to Singapore, following a powerful earthquake a week ago that has halted LNG supply from the country.

A second LNG tanker, which left Japan last month for Port Moresby, has also flagged it is now looking for a cargo, while a third remains in Papua New Guinea’s Kumul Marine Terminal zone after arriving on 24 February.

The destination change reflects the disruption from the 26 February quake, with PNG LNG project operator ExxonMobil saying on 5 March it would take about eight weeks to restore production, while Asian LNG spot prices have risen.

The Gigira Leiteboj, which left Yung An, Taiwan on 26 February for arrival in Papua New Guinea on 6 March, changed its destination to Singapore on 3 March. The Yung-An LNG terminal in Taiwan’s Kaohsiung county is operated by CPC Corp, a long-term buyers of PNG LNG.

The Pacific Arcadia, an LNG tanker which left Japan’s Sodeshi LNG terminal on 21 February, changed its status to “for orders” on 2 March.

The Velikiy Novgorod is still in Papua New Guinea after arriving on 24 February from China’s Qingdao LNG terminal in Shandong. The Qingdao LNG terminal is owned by Sinopec, also a long-term buyer of PNG LNG.

Taiwan’s CPC last week purchased a spot LNG cargo for delivery in April at higher than market rates. The company is also in the spot market to buy a cargo for first half of May.

PNG LNG’s other long-term buyers include Japan’s Osaka Gas and JERA, which is a fuel joint venture between Tokyo Electric Power and Chubu Electric Power.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05032018/lng-tanker-bound-for-papua-new-guinea-diverts-to-singapore/

You might also like

 Webinar

[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »

 

OLT receives small scale LNG green light

The Ministry of Economic Development has issued a decree authorising OLT Offshore LNG Toscana to provide the discharge of LNG in to small scale LNG carriers.

 
 

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


 

This article has been tagged under the following:

Singapore LNG news


 

LNG Industry is not responsible for the content of external internet sites.