CNOOC launches its first LNG supply tender

China National Offshore Oil Corp (CNOOC) has reportedly issued its first supply tender to sell two cargoes of liquefied natural gas from the BG-operated QCLNG plant in Australia.

CNOOC, which owns a 50 percent stake in QCLNG Train 1  is offering to sell one cargo around October 20 on an FOB basis and a second around November 20 on a DES basis, according to a report by Reuters.

The decision to offload supply onto the spot market follows an acceleration in LNG oversupply as import demand from China and other Asian countries has fallen far short of forecasts, the report added.

LNG World News Staff; Image: BG

 

 

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >