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

CO2 Logistics Hub Under Development at Stockholm Norvik Port

CO2 Logistics Hub Under Development at Stockholm Norvik Port

Glenfarne signs 20-year LNG contract with POSCO in South Korea

Glenfarne signs 20-year LNG contract with POSCO in South Korea

Great Lakes Iron Ore Trade Down in November

Great Lakes Iron Ore Trade Down in November

Indiana Expands Barge Shipment Handling Capacity

Indiana Expands Barge Shipment Handling Capacity

Subscribe for Maritime Logistics Professional E‑News

US investigations report that Waymo's self-driving car illegally passed 19 school buses in Texas
Sources: Deutsche Bahn will return to profitability this year and next.
Source: Kazakhstan's oil production declines due to damaged terminals limiting exports.