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PNG LNG offers September cargo

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LNG Industry,

According to Reuters, Exxon Mobil’s Papua New Guinea LNG export facility is currently offering a cargo for delivery in September.

The cargo will reportedly available for delivery to Japan, Taiwan, South Korea, or China, and the tender will close on 8 August with bids to remain valid until 9 August.

This cargo is expected to provide some relief to the spot market at a time when demand from Japan and South Korea has been above normal levels. The recent and ongoing warm temperatures have been cited as the primary cause.

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