LNG supply tender issued by Indonesia’s Pertamina has attracted attention by more than 10 bidders.
Platts reports sources saying that traders and portfolio players submitted bids for the 13-15 Bontang LNG cargoes for delivery in the period from May to December. All cargoes are offered on FOB basis.
According to sources, bids are to be submitted on a crude oil-like basis. Japan Customs-cleared Crude or JCC are the preferred option.
The tender, under which Pertamina is looking to sell excess cargoes that were a result of higher production and lower demand, is open until April 30.
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LNG World news Staff; Image: Badak LNG