Weekly LNG Tender Wrap: Indonesia Sells 18 Cargoes

In the LNG market, physical prices have been on a downward trend in Asia, amid healthy supply until January, and limited pockets of demand, Bloomberg said. The paper market has been struggling for direction, ranging between closing levels of $15.389/MMBtu-$15.902/MMBtu.

• Looking at sell tenders, Indonesia’s Tangguh LNG project announced a 6 cargo per annum sell tender. It offers 18 cargoes in total across 2027-2029, either FOB or DES and closes Dec. 14.
• ADNOC offered at least one cargo for January loading via tender closing Dec. 7, Bloomberg sources said.
• Looking at buy tenders in Asia, CPC Corp was looking for three cargoes for Feb-March delivery via a tender which closed Dec. 5, sources told Bloomberg.
• In South America, Colombia’s Calamari LNG issued a buy tender for two partial cargoes of 80 mcm for delivery Dec. 22-25 and Dec. 28-31. The tender closes Dec. 7.
• Regarding previous tenders, Petronet awarded the Nov. 28 tender for one cargo for H2 Dec delivery, Bloomberg said without disclosing the price.
• Meanwhile, Balngladesh’s Rupantarita Prakritik Gas received the lowest offer of $15.96/MMBtu for its January cargo buy tender which closed Dec. 3