Reuters is reporting that Asian LNG sellers, such as Osaka Gas, are seeking alternative markets as the global LNG market hits multi-year lows.
These latest multi-year lows are the result of mild weather in Japan and a weaker Chinese economy.
According to industry sources, Osaka Gas is currently offering two LNG cargoes, for delivery into Europe, from the newly-commissioned Freeport LNG project. The delivery dates for the cargoes are between 5 – 13 July, and 9 – 17 November.