Gorgon LNG

Squeezed by Plant Outages, Asia’s LNG Buyers Return to Spot Market for Replacement Cargoes

Squeezed by Plant Outages, Asia’s LNG Buyers Return to Spot Market for Replacement Cargoes

Asian liquefied natural gas (LNG) offtakers that have contracts with Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, are looking to cover peak winter demand after cargoes were canceled and deferred from the Bintulu LNG complex in Sarawak.   With a colder-than-normal winter predicted for Asia, plus recent unplanned outages at  Australia’s Gorgon LNG and the Prelude…

December 9, 2021