PetroChina offers two Yamal LNG cargoes for sale

PetroChina International, a trading unit of the state-owned PetroChina has reportedly put up two Yamal LNG cargoes up for sale earlier this week. 

Citing sources, Reuters reports the two cargoes are scheduled for delivery in northwest Europe in March.

The cargoes are set for delivery in two slots, first of which is March 3-5 and the second being March 28-29, both times on a DES (delivered ex-ship) basis.

The company expects to close the sale of the pair of cargoes within the next 10 days.

PetroChina, through the contract its parent company CNPC has with Novatek, will start lifting 3 mtpa of Yamal LNG volumes on a 20-year deal.

Besides operator, Novatek, France’s Total, CNPC and its compatriot Silk Road Fund have a stake in the Yamal LNG project.

LNG World News Staff