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Mexico's CFE awards 9-cargo LNG tender for Q4 delivery

LONDON (Reuters) — Mexico’s state-run power utility CFE has picked Royal Dutch Shell and most likely Cheniere Energy to deliver nine LNG cargoes in the fourth-quarter, trade sources said.

Traders said Shell won most of the tender, which was awarded on Tuesday, with shipments to be spread across October, November and December into the Altamira terminal on Mexico’s Atlantic coast, traders said.

Some traders said Cheniere took a share of CFE’s requirement.

Reporting by Oleg Vukmanovic; editing by Jason Neely


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FEATURED COLUMNS

Editorial comment
-Adrienne Blume
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
-Shem Oirere
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.


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