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LNG Weekly Tender Summary

LNG

In India, Gail bought two LNG cargoes DES Dahej for Feb. 14-18 delivery via a swap tender. It also sold two FOB cargoes loading from Cove Point Feb. 4 and March. 3

  • Indian Oil took two cargoes in the $9/Mmbtu range for their tender for a Feb cargo. Torrent also bought a March cargo via tender at $9.80-9.90/Mmbtu.
  • However, Gujarat petroleum didn’t award their tender for a H2 Jan-H1 Feb cargo. They issued a new single cargo Feb 16-29 delivery tender closing Jan. 18.
  • In Thailand, PTT issued a tender closing Jan. 18 for three cargoes for Feb-March delivery. Meanwhile, EGAT bought a spot cargo for March delivery at a discount to JKM via a Jan. 16 tender.
  • Looking at Europe, Croatia’s HEP Group is seeking three cargoes for April, July, and September delivery into Croatia. The tender closes Jan. 29.
  • On the sell side, Oman sold a cargo DES basis for Feb at around high-$9/MMBtu, while Angola also sold a DES Feb cargo at a TTF discount via tender closing Jan. 10.
  • Australia Pacific sold a cargo on a FOB basis loading March 2-4 at a JKM discount. The tender closed Jan. 11.
  • Brunei LNG offered a cargo DES North Asia for March delivery via tender closing Jan. 19.
  • KUFPEC Australia issued a tender to sell one FOB loading Feb. 24-28 cargo from Wheatstone, which closed Jan. 16.

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