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Guanghui Issues Tender for 12 LNG Shipments

LNG

China’s Guanghui Energy issued a strip tender on 6 February to purchase 12 LNG cargoes for one delivery per month from April 2024 to March 2025 according to S&P Commodity Insights.

  • The buy tender would on a JKM-linked basis and was to close on 7 February 3:00PM Beijing time, a source said. Trading sources however say cargoes are likely to be awarded at a discount.
  • CNOOC also issued a strip tender on 31 January, seeking multiple cargoes for March-May this year. Market sources said that three or more cargoes were awarded at a slight discount to JKM.
  • Japan's Kansai Electrics issued a buy tender on 23 January for 12 cargoes with delivery from April 2024 to February 2025. Several traders said that the tender was partially awarded with discounts against the JKM.
  • Platts assessed the March JKM at $9.356/MMBtu Feb. 7, down by 4.9% in a week.

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