marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Papua New Guinea LNG Export Plant Offers Cargo for September

August 7, 2018

© Igor Groshev / Adobe Stock
© Igor Groshev / Adobe Stock

Exxon Mobil's Papua New Guinea liquefied natural gas (LNG) export plant has offered a cargo for delivery in September, two industry sources said on Tuesday.

The cargo is to be delivered into Japan, Taiwan, South Korea or China, and the tender closes on Wednesday with bids to remain valid until Thursday, one of the sources said.

This is expected to provide some relief to the spot market at a time when spot demand from Japan and South Korea has been firm due to warm temperature, traders said.


(Reporting by Jessica Jaganathan; Editing by Tom Hogue)

Logistics News

Port Houston Shares Channel Region Monthly Trade & Market Report

Port Houston Shares Channel Region Monthly Trade & Market Report

HiFleet Schedule Watch Shanghai Call Omissions Dominate as Ningbo Sees Both Retained and Omitted Calls

HiFleet Schedule Watch Shanghai Call Omissions Dominate as Ningbo Sees Both Retained and Omitted Calls

EU Wheat Prices Remain Steady as Black Sea Uncertainties Remain

EU Wheat Prices Remain Steady as Black Sea Uncertainties Remain

Neoliner Origin Makes First Call in Belgium

Neoliner Origin Makes First Call in Belgium

Subscribe for Maritime Logistics Professional E‑News

Sources say that traders are pushing for lower prices for Venezuelan crude oil, as shipping costs have risen.
Saudi Arabia restarts East West oil pipeline, according to sources
Saudi Aramco is planning a reorganisation that will create a gas division, according to sources.