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First cargo delays from APLNG proving costly for Sinopec

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LNG Industry,

According to Reuters, the first commercial cargo has been delayed by the Australia Pacific LNG (APLNG) project. This has resulted in additional costs for Sinopec Corp., which has had a tanker waiting to load for over two weeks.

Despite arriving at the Gladstone anchorage on 18 December 2015, the LNG tanker, BW Pavilion Vanda, has yet to load a cargo.

Reuters claims that one source said: “The plant appears to have run into teething issues.” Another source reportedly claimed that Sinopec’s extra costs may already exceed US$500 000.

Edited from various sources by David Rowlands

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