State-owned buyers in India and Thailand have issued two separate LNG buy tenders for deliveries starting in 2015, several sources said this week.
Indian oil and gas company Gail issued a buy tender Wednesday for six cargoes, two for delivery in the period May-December 2015 and four for delivery in the period January-October 2016, market sources said Thursday.
The tender will close Wednesday February 18 with validity until February 25, a source said.
Elsewhere, Thail oil and gas company PTT has closed a four-cargo buy tender for delivery through the end of 2015, according to a source familiar with the company Thursday.
The tender is yet to be awarded, but the validity of bids could not be immediately confirmed, the source said.
PTT's tender is aimed at meeting part of the buyer's additional demand requirements for this year, estimated at more than 500,000 mt on growing demand and decreased pipeline imports.
Buy LNG tenders in Asia Pacific have become increasingly common since late 2014, as buyers seek to take opportunity of ample supply and falling spot values in the region.
In Japan, power utilities Tepco and Chubu Electric awarded a joint-procurement tender, the first of its kind, in January for six cargoes delivered over 12 months from April 2015.
Elsewhere in Japan, power utility Tohoku Electric also awarded a tender in January for a single cargo delivered in mid-March 2015.
In South Korea, Posco and Komipo awarded a joint-procurement single-cargo tender for February delivery on a DES basis to the Gwangyang terminal, where both buyers have capacity.
Source: Platts
Indian oil and gas company Gail issued a buy tender Wednesday for six cargoes, two for delivery in the period May-December 2015 and four for delivery in the period January-October 2016, market sources said Thursday.
The tender will close Wednesday February 18 with validity until February 25, a source said.
Elsewhere, Thail oil and gas company PTT has closed a four-cargo buy tender for delivery through the end of 2015, according to a source familiar with the company Thursday.
The tender is yet to be awarded, but the validity of bids could not be immediately confirmed, the source said.
PTT's tender is aimed at meeting part of the buyer's additional demand requirements for this year, estimated at more than 500,000 mt on growing demand and decreased pipeline imports.
Buy LNG tenders in Asia Pacific have become increasingly common since late 2014, as buyers seek to take opportunity of ample supply and falling spot values in the region.
In Japan, power utilities Tepco and Chubu Electric awarded a joint-procurement tender, the first of its kind, in January for six cargoes delivered over 12 months from April 2015.
Elsewhere in Japan, power utility Tohoku Electric also awarded a tender in January for a single cargo delivered in mid-March 2015.
In South Korea, Posco and Komipo awarded a joint-procurement single-cargo tender for February delivery on a DES basis to the Gwangyang terminal, where both buyers have capacity.
Source: Platts
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