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

VLCC Charter Rates Soar - “We are in unprecedented times" say CEO

VLCC Charter Rates Soar - “We are in unprecedented times" say CEO

MV Isle of Islay Begins Maiden Voyage to Scotland

MV Isle of Islay Begins Maiden Voyage to Scotland

Port of Los Angeles Selects Pacific Cruise Terminals Developer, Operator of Two Cruise Centers

Port of Los Angeles Selects Pacific Cruise Terminals Developer, Operator of Two Cruise Centers

Associated Terminals takes a Pair of All-Electric Cranes

Associated Terminals takes a Pair of All-Electric Cranes

Subscribe for Maritime Logistics Professional E‑News

Dutch airline KLM avoids Middle East because of rising tensions
Ukraine's grid operator claims that the energy situation in Ukraine has'significantly worsened'
AirAsia is close to a deal with Airbus to buy around 100 A220 aircraft, according to sources