PetroVietnam Gas seeks to buy 2 LNG cargoes, the first to be delivered April 1-20
HANOI, Feb 29 (Reuters) - PetroVietnam Gas is seeking to buy two LNG cargoes, with the first to be delivered April 1-20, three sources said on Thursday.
The company has issued a tender inviting firms to submit bids for the cargo, the sources said.
The tender closes on Thursday, according to the sources and a copy of the tender reviewed by Reuters. The delivery of the second cargo has yet to be determined.
The LNG would be delivered to PetroVietnam Gas’s newly built terminal in Vietnam’s southern province of Ba Ria Vung Tau.
(Reporting by Khanh Vu and Emily Chow; Editing by Kanupriya Kapoor)
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.