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CNOOC Issued LNG Tender For Jun23-Jun24

LNG

CNOOC issued a buy tender for LNG cargoes for delivery from June 2023 to June 2024, industry sources said.

  • CNOOC had last issued a tender in December 2022 seeking LNG cargoes for delivery from February to December 2023.
  • China has been looking to ensure additional gas supplies and signed several LNG long-term supply agreements with countries such as Oman.
  • Chinese gas consumption this summer period is forecast to rise by 7% on the year, driven the country’s anticipated economic recovery.

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