PNG LNG sells April cargo
Published by Will Owen,
Editor
LNG Industry,
According to Reuters, PNG LNG, operated by Exxon Mobil Corp, has sold an LNG cargo.
The 4.05 trillion Btu cargo will reportedly be loaded in late April and was purchased for almost US$4 per million Btu. Details of the buyer have not been released.
This deal has been noted as significant by traders, as the purchase price marks a jump of almost 40 cents (11%) from a deal agreed in Singapore earlier this week. While larger cargoes generally do typically fetch a better rate on the market, more broadly Chinese LNG demand is improving and this could potentially re-ignite spot prices in the region. As more transactions take place, it will become clear whether this is an anomalous deal or the start of a larger upward trend.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/20032020/png-lng-sells-april-cargo/
You might also like
UECC and Titan agree landmark biomethane deal
United European Car Carriers and Titan Clean Fuels have signed a new agreement that will see Titan supply the vast majority of liquefied gas to UECC’s multi-fuel ships as biomethane for the remainder of 2024 and then most of 2025.
