Shell to deliver Nigerian LNG to Thailand's PTT aboard

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Nigerian-LNG-Cargo-to-Arrive-in-Roterdam-TodayAnglo-Dutch major Shell is set to deliver a Nigerian LNG cargo to Thailand’s state-owned PTT on Thursday, a source with direct knowledge of the delivery said Wednesday.

The Barcelona Knutsen loaded the cargo at the Nigeria LNG export plant on Bonny Island on May 6 and is due at Thailand’s only LNG terminal in Map Ta Phut Thursday, Platts cFlow shiptracking software showed.

The delivery is part of a tender in which PTT sought several cargoes for delivery in late May to early June. It closed April 6.

At least two cargoes were awarded in the high $6s/MMBtu, including a Bintulu LNG cargo delivered by Petronas aboard the carrier Tenaga Lima on May 24 and the NLNLG cargo aboard the Barcelona Knutsen.

PTT issued and awarded another tender for a July cargo in the first half of May.

While several bids were submitted above $8/MMBtu, the tender was awarded below $8/MMBtu.

The buyer has secured another two non-contractual cargoes through tenders in 2015, including an Australian North West Shelf cargo delivered by the Northwest Swan on April 21 and a Nigerian cargo aboard the Gaselys on May 12.

These four cargoes, which account for approximately 250,000 mt, are part of the Thai buyer’s plans to secure between 500,000 mt and 1 million mt of extra LNG in 2015 to meet growing downstream consumption and decreasing pipeline supply from Myanmar.

PTT has also received a total of eight cargoes from Qatari supplier Qatargas, according to Platts cFlow, as part of a 20-year contract signed in 2012 for the delivery of 2 million mt/year, starting from 2015.