Energy company cancels tender for winter LNG cargoes
Turkish state energy company Botas has cancelled its tender for delivery of four liquefied natural gas (LNG) cargoes over the coming winter, two trade sources said.
The tender, which closed on Aug. 8, will be reissued in September with the same conditions, the sources said.
Traders said that Botas is likely to be analysing the market to see what prices it can buy at and estimate what LNG volumes it can import over the winter.
Turkey has increased its LNG purchases this year amid falling LNG prices, resulting in a significant reduction to its pipeline imports from Russia’s Gazprom.
So far this year Turkey has imported 5.52 million tonnes of LNG, up 15% from the same period last year, Refinitiv Eikon data shows. (Reporting by Ekaterina Kravtsova Editing by David Goodman)
The continued expansion of natural gas trade is led primarily by growth in the LNG sector, which has tripled over the past 3 yr.
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GasPro 2.0: A Webcast Symposium
Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.
The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.
Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.
October 24, 2019 08:30 AM CDT