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BP ships to deliver two spot LNG cargoes to Taiwan

BP ships to deliver two spot LNG cargoes to Taiwan

Taiwan, Asia's fourth-biggest importer of liquefied natural gas, will receive two spot cargoes of the fuel in the next 31 days on BP Plc carriers, ship- tracking data show.
The Yungan terminal may get a cargo from Australia yesterday on the British Sapphire, a 155,000 cubic-meter tanker, transmissions from ships captured by AISLive on Bloomberg show. The island's first LNG facility may receive a second cargo on Aug. 15 from Trinidad & Tobago on British Diamond.
Both the ships are owned by BP and the explorer is a partner in gas projects in Trinidad and North West Shelf, according to ship tracking data and company information.
Taiwan is seeking four spot cargoes of the fuel for delivery in July to meet demand from generators, Lin Maw-Wen, vice president of state-owned oil company CPC Corp., said in May. Power generators account for more than 70 percent of Taiwan's LNG consumption.
Prices of spot LNG in Asia for immediate delivery have slumped to as low as US$5.50 per million British thermal units this year from more than US$20 in 2008 as the global recession cuts demand from Japan and South Korea, according to customs data and spot price assessments.


Updated : 2021-05-07 09:33 GMT+08:00