Asian prices fall as Sinopec and CNOOC issue large LNG sales tenders

Monday, 07 February 2022

Spot LNG prices into northeast Asia have fallen after China’s Sinopec and CNOOC issued large LNG cargo sale tenders, indicating they are well-stocked amid sluggish demand. Sinopec offered two to five LNG cargoes each month between February and October delivered on an ex-ship basis, while CNOOC is selling LNG cargoes for May through November delivery.

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