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Russia's Novatek offers LNG cargo for August delivery

Russia’s Novatek has offered a liquefied natural gas (LNG) cargo for loading in July or delivery in August, three industry sources said.

The Russian gas producer has offered buyers the option of having the cargo delivered into Europe or Northeast Asia from the Yamal LNG plant, they added.

If it is delivered into North Asia, the cargo will be shipped via the Arctic sea route which has just opened for summer, one of the sources said.

Bids are due by July 9, a second source said. (Reporting by Jessica Jaganathan; editing by Christian Schmollinger)

 


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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
On the changing landscape of global natural gas trade, the US has magnified its export power by remaining a net exporter for 13 months as of February 2019.
EWAnalysis: US LNG producers eye major growth
- Energy Web Atlas
The US LNG market has experienced rapid growth over the past decade due to the availability of inexpensive feedstock and increased worldwide demand.
Regional Focus: Nigeria moves to expand its liquefaction capacity
-Shem Oirere
The award in July 2018 of long-awaited contracts for the front-end engineering design (FEED) of Nigeria’s Train 7 gas plant expansion project to two consortia is the country’s latest attempt to address the enormous challenges of gas flaring and gas shortages for power plants and domestic consumption.


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