Wednesday, 27 June 2007

Cnooc Parent Plans to Buy Additional Spot LNG Cargoes to Cover Shortfall

(Bloomberg) -- China National Offshore Oil Corp.,
joint operator of the country's first liquefied natural gas
terminal, will buy more cargoes of the fuel in the spot market to
cover a shortfall in imports, a company official said.

China's biggest offshore oil explorer is prepared to pay a
maximum of $10 per million British thermal units for the cargoes,
Ye Yishu, marketing general manager at the Beijing-based
company's LNG trading and shipping unit, said today.


Read more at Bloomberg Energy News

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