Papua New Guinea LNG export plant seeks to sell 6 cargos in tender
2/21/2017
MILAN (Reuters) -- ExxonMobil's Papua New Guinea liquefied natural gas (PNG LNG) export facility is seeking to sell six cargoes in a tender, trade sources said.
Cargoes are for delivery between May and October, traders said, adding that they expected the tender to attract high levels of interest.
"It's also a bearish sign that PNG is trying to sell so many ... it suggests expected demand from the plant's long-term customers in Japan, Taiwan and others is weak," one source said.
Customers at the 6.9 MMtpy plant are Tokyo Electric Power Company, Osaka Gas, Taiwan's CPC and China's Sinopec.
Reporting by Oleg Vukmanovic; Editing by Greg Mahlich
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