--DES Northeast Asia

　 For delivery to China, China National Offshore Oil Corp (CNOOC) and China National Petroleum Corp (PetroChina) appear to be seeking near-term cargoes. According to a Chinese buyer, gas demand in South China is rising amid high temperatures, so these state-owned energy companies have ample room to buy. On the other hand, it was reported that, considering the need to secure profit margins when reselling on the domestic market, buying interest from independent energy companies is limited to around $14.00. According to Chinese customs data, LNG imports in May totaled 4.86 mil metric tons, up 1.6% from the same month last year. Statistics from the National Bureau of Statistics of China show that LNG production in May reached 2.70 mil metric tons, a 4.7% increase year-on-year.

--FOB Middle East, DES South Asia and the Middle East

　 Bangladesh's state-owned Rupantarita Prakritik Gas Co Ltd (RPGCL) concluded its purchase tender closed on Jul 1, with contracts finalized for two cargoes. It is highly likely that British BP won the cargo scheduled to arrive on Jul 23-24, while French TotalEnergies sold the cargo scheduled to arrive on Jul 26-27. The winning bid prices for both cargoes were believed to be $16.97-16.98. Additionally, it is reported that the swap tender, for which India's state-owned gas company (GAIL) closed on Jun 30, has also been awarded. Through this tender, the company purchased one cargo per month on a DES basis for delivery to the 22.5 mil mt/year Dahej terminal from February through December 2027, in exchange for selling one cargo per month on an FOB basis from the 14.5 mil mt/year Cameron project in the US during the same period.

--FOB Atlantic, DES Europe and South America

　 Argentina's state-owned ENARSA's buy tender, which closed on Jun 24, awarded a total of five cargoes to British BP, European Trafigura, and European Vitol. Even though the delivery dates of the awarded cargoes remained unclear, the breakdown of cargoes was said to be three for Vitol, and one each for Trafigura and BP. The tender was for seven partial cargoes for Aug 1, 9, 13, 17, 21, 25, and 29 arrival at the Escobar terminal (6.1 mil mt/year capacity).