Pertamina’s LNG supply tender spurs interest

Pertamina's LNG supply tender spurs interest

LNG supply tender issued by Indonesia’s Pertamina has attracted attention by more than 10 bidders.

Platts reports sources saying that traders and portfolio players submitted bids for the 13-15 Bontang LNG cargoes for delivery in the period from May to December. All cargoes are offered on FOB basis.

According to sources, bids are to be submitted on a crude oil-like basis. Japan Customs-cleared Crude or JCC are the preferred option.

The tender, under which Pertamina is looking to sell excess cargoes that were a result of higher production and lower demand, is open until April 30.

LNG World news Staff; Image: Badak LNG

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