US LNG offered
Jan 19 ((LNGJ) - Commonwealth LNG, the US company with plans to develop an export plant on the Calcasieu River near Cameron in Louisiana, is soliciting bids to reserve offtake from its planned 8.4 million tonnes per annum of output. Commonwealth said it was acting in association with global commodities firm Gunvor.
“It is the first ever tender process in which prospective LNG customers can secure future term supply at volumes, pricing and durations of their choosing through competitive bidding,” said Commonwealth. “LNG will be made available under tolling, free on board (FOB) or delivered at place (DAP) agreements,’ it said. Commonwealth executives said a different approach was warranted following changes in the energy market resulting from the Covid-19 pandemic.
