KOGAS Swapping LNG Cargoes Due to Oversupply

KOGAS Swapping LNG Cargoes Due to Oversupply

Kogas resorted to swapping a combined 120,000 tonnes from two LNG cargoes with Taiwanese CPC Corp, due to expected oversupply in the off-season.

This deal sees CPC receive two cargoes initially destined to KOGAS from Malaysia’s Petronas LNG. Kogas will later receive the two swapped cargoes during the winter season, reports Reuters.

According to traders in London, Kogas has arranged to swap several summer LNG cargoes with CPC who will return them during the winter as Kogas is oversupplied by around 30 cargoes.

LNG World News Staff, June 17, 2014; Image: KOGAS

Share this article

Follow LNG World News

Events>

<< Jul 2019 >>
MTWTFSS
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 3 4

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >