Turkey's Botas seeks large LNG tender
Turkish state energy company Botas is seeking about 30 liquefied natural gas (LNG) cargoes for delivery over December to March, three industry sources said.
It is seeking three cargoes for December, 12 cargoes in both January and February and four for March, one of the sources said.
Offers for cargoes to be delivered in December are due by Dec. 10 and offers for the rest are due by Dec. 11, the source added.
A gas trader in Turkey said that such a large tender is a result of low prices, with LNG much cheaper than gas in Turkey’s pipeline contracts.
Spot LNG in Asia is at a record low for this time of the year, at about $5.50 per million British thermal units (mmBtu).
Dutch gas for January delivery, a European benchmark, is even lower at about $4.70/mmBtu.
The tender aims to capitalise on the low prices, the trader said, adding that Russian gas is around levels of $8.50-$8.70/mmBtu. (Reporting by Jessica Jaganathan in SINGAPORE and Ekaterina Kravtsova in LONDON Editing by David Goodman Editing by Louise Heavens and David Goodman)
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
- Mitsubishi to inject $260 MM into Brunei LNG project
- Freeport LNG (U.S.) on track to take in more natgas on Thursday after unit outage
Comments