Singapore markets open in 7 hours
  • Straits Times Index

    3,201.89
    +10.73 (+0.34%)
     
  • S&P 500

    4,071.28
    +63.27 (+1.58%)
     
  • Dow

    32,554.17
    +330.75 (+1.03%)
     
  • Nasdaq

    11,908.88
    +246.09 (+2.11%)
     
  • BTC-USD

    30,147.67
    +449.73 (+1.51%)
     
  • CMC Crypto 200

    677.17
    +434.50 (+179.04%)
     
  • FTSE 100

    7,518.35
    +53.55 (+0.72%)
     
  • Gold

    1,818.10
    +4.10 (+0.23%)
     
  • Crude Oil

    114.25
    +0.05 (+0.04%)
     
  • 10-Yr Bond

    2.9680
    +0.0910 (+3.16%)
     
  • Nikkei

    26,659.75
    +112.70 (+0.42%)
     
  • Hang Seng

    20,602.52
    +652.31 (+3.27%)
     
  • FTSE Bursa Malaysia

    1,548.60
    +4.19 (+0.27%)
     
  • Jakarta Composite Index

    6,644.47
    +46.47 (+0.70%)
     
  • PSE Index

    6,594.66
    +92.54 (+1.42%)
     

China's CNOOC tenders to sell May-November LNG cargoes -trade

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

SINGAPORE, Jan 21 (Reuters) - China National Offshore Oil Company, or CNOOC, is selling liquefied natural gas cargoes for delivery from May through November in a tender closing on Friday, traders said.

CNOOC, China's largest LNG importer, offered an unspecified number of cargoes on delivered ex-ship basis.

"It's a totally logical move to sell in the market when JKM prices are much higher than domestic Chinese prices," said a Beijing-based trader with knowledge of the tenders, referring to Asian benchmark Japan Korea Marker.

China's Sinopec Corp also has a tender closing on Friday, selling up to 45 cargoes for February-October delivery.

China, the world's largest LNG buyer, last brought in 7.63 million tonnes of the super-chilled fuel in December, up only 1.6% from a year earlier as stubbornly high spot prices hurt purchases while the domestic market was amply supplied with peak local production and record imports of piped gas.

(Reporting by Chen Aizhu Editing by David Goodman)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting