Exxon Mobil's Papua New Guinea LNG export plant offers cargo for Sept
SINGAPORE, (Reuters) - Exxon Mobil’s Papua New Guinea liquefied natural gas (LNG) export plant has offered a cargo for delivery in September, two industry sources said.
The cargo is to be delivered into Japan, Taiwan, South Korea or China, and the tender closes on Wednesday with bids to remain valid until Thursday, one of the sources said.
This is expected to provide some relief to the spot market at a time when spot demand from Japan and South Korea has been firm due to warm temperature, traders said. (Reporting by Jessica Jaganathan; Editing by Tom Hogue)
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
- Energy Web Atlas
Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.
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