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China’s CNOOC Re-exports LNG Cargo: Kpler

LNG

China’s CNOOC has re-exported an LNG cargo from the Ningbo receiving terminal for the first time, according to Kpler.

  • China has previously only re-exported LNG cargoes from the Yangpu LNG terminal In Hainan, shipping nine cargoes in 2023 so far.
  • The Kool Frost tanker left Ningbo Sep. 1, carrying a 155,2000 m3 cargo and was purchased by Japan’s Kansai electric.
  • Kansai likely bought the cargo to meet increased demand due to high temperatures in Japan, Kpler said.
  • Other Japanese utilities have recently bought spot cargoes, following concerns over disruptions linked to strikes affecting the Gorgon and Wheatstone plants.
Energy BulletsPower BulletsBank of Japan (BOJ) Market NewsCommodities
Energy BulletsPower BulletsBank of Japan (BOJ) Market NewsCommodities

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