LNG: Jul 21-25: Bids for Thailand heard 10cts below Northeast Asia
Last Thursday, offers for mid-September delivery were cast at premiums of 5-10cts over DES Northeast spot quotations for September, or a premium of 10cts over the quotations for October. Rare players that were normally inactive in trading also showed their cargoes in the market. Meanwhile, bids for mid-September delivery were posted at a discount of 15cts to parity to DES Northeast spot quotations for September. Some portfolio players had requirements to buy back cargoes for early and late September delivery while other players showed appetite for October delivery. Elsewhere, a bid also emerged to seek cargoes for mid-September delivery to Thailand. The player involved also placed a bid for delivery to Northeast Asia. The player assessed Thailand-bound cargoes 10cts lower than Northeast Asia-bound cargoes.
--FOB Middle East, DES South Asia and the Middle East China International United Petroleum & Chemicals Co (UNIPEC) floated a tender to sell cargo loading from the 11.40 mil mt/year Oman project on an FOB basis, closing on Jul 22. Through the tender, UNIPEC planned to sell one cargo to be loaded from late August to first-half September
--FOB Atlantic, DES Europe and South America
State-owned Angola LNG issued a sell tender on a DES basis and the tender will close on Wednesday. It offered two cargoes ex the 5.20 min mt/year Angola project for August arrival and late August to mid-September arrival. Angola LNG plans to load the August arrival cargo into the DEDE typed Malanje vessel with capacity 164,000 cubic meters and the late August to mid-September arrival cargo into the standard sized Sonangol Sambizanga vessel with capacity of 165,000 cubic meters. The destinations for these vessels were for South America, Europe, Middle East, South Asia and Southeast Asia. The easternmost point was Indonesia. Validity in the tender was until July 24. This was the fourth time for Angola LNG to float sell tenders in July alone.
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