Taiwan’s state refiner, CPC is seeking two to three cargoes of liquefied natural gas (LNG) for delivery from December to January in a spot tender, two industry sources said on Tuesday (Oct 11).

The cargoes are sought on a delivered ex-ship (DES) basis, they said, adding that the discussions are being held on a bilateral basis with selected sellers.

It is not immediately clear when CPC will award the tender.

Asian spot LNG prices have softened in the last three weeks on healthy inventory levels and muted demand from China, the world’s second-largest LNG buyer. The average LNG price for November delivery into northeast Asia was last at US$34.00 per million British thermal units (mmBtu) on Friday.
Source: Reuters