Slowdown in LNG shipments from Gulf Coast will be offset by rise in pipeline gas exports to Mexico
The cancellation of LNG cargoes from Gulf Coast export plants amid over-supply and a price collapse is set to be offset by an increase in pipeline exports to Mexico, the largest component of US natural gas trade and a key take-away portion of still high production levels.
Peru LNG cargoes
June 15 (LNGJ) - The Peru LNG plant at Pampa Melchorita directed most of its five cargoes to North Asia in May with only one being delivered to the Manzanillo terminal on the Pacific Coast of Mexico. The ships that lifted cargoes included the 155,000 cubic metres capacity carrier “Solaris”, the 155,000 cubic metres capacity vessel “Gaslog Seattle” and the 173,400 cubic metres capacity carrier “Valencia Knutsen”. They headed for China or South Korea. PeruPetro said the cargoes were priced on the Japan-Korea Marker at between $2.063 per million British thermal units and $2.068 per MMBtu.
South Korea lines up more US LNG volumes with deal worth $9.6Bln for Texas shipments
Korea Gas Corp., the South Korean utility and owner of four LNG import terminals and worldwide volumes, said it signed an agreement to buy US LNG shipments from UK energy major BP.
