Africa Oil & Gas: China raises imports of Nigerian LNG

China raises imports of Nigerian LNG
China raises imports of Nigerian LNG

LNG imports by state-owned companies coming into China from Nigeria LNG have risen in January 2015. As Platts reveals, six cargoes were delivered to China’s LNG terminals so far, compared to two cargoes from NLNG during January and February last year. China imported only seven cargoes from the Nigerian LNG facility during whole 2014.

Sources reveal that the increase is due to falling spot prices in Asian markets and that most cargoes were part of long-term supply contracts between Chinese buyers and portfolio sellers.

According to sources, two cargoes were delivered to PetroChina while four cargoes were scooped up by China National Offshore Oil Corp.

As Platts reveals, last two cargoes were delivered on Wednesday. One was delivered aboard LNG carrier Solaris to PetroChina’s Rudong LNG terminal while CNOOC’s Tianjin FSRU received a cargo delivered by the Maran Gas Coronis LNG carrier.(LNG World News Staff; Image: Maran Gas Maritime)

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