China’s Sinopec Issues Tender for Up to 45 LNG Cargoes
SINGAPORE, Jan 19 (Reuters) – China’s Sinopec Corp has issued a tender to sell up to 45 cargoes of liquefied natural gas for 2022 deliveries, in a rare sell tender of the super-chilled fuel to take advantage of high Asian spot prices <LNG-AS>, said traders who were invited to bid.
Under the tender, Sinopec offered two to five cargoes each month between February and October on a delivered ex-ship basis.
Prices will be linked either to Europe’s Title Transfer Facility pricing or North Asian benchmark Japan Korean Marker.
The tender closes on Jan. 21 with bids valid by 1000 GMT.
(Reporting by Chen Aizhu, Editing by Louise Heavens)(c) Copyright Thomson Reuters 2022.
Sign up for our newsletter
Be the First
Join the 88,095 members that receive our newsletter.
Have a news tip? Let us know.