Report: Russia’s Sakhalin Energy puts 8 LNG cargoes up for sale

Sakhalin Energy, the operator of Russia’s first liquefaction plant, has reportedly launched a tender to sell eight cargoes of the chilled fuel from the export terminal on Sakhalin Island.

The cargoes will be split between two tranches spanning from May 2018 to March 2019, Reuters reported on Wednesday citing trade sources as saying.

Four of the cargoes under the first tranche will be individually offered for May, September, October and February, with pricing to be linked to the Platts Japan Korea Marker spot LNG price assessment benchmark, the new agency said.

Four cargoes in the second tranche, offered in May, July, October and March, will be linked to oil prices, it said.

The tender closes on February 9.

The Sakhalin-2 LNG facility has currently two liquefaction trains with a capacity of about 10 million tons per annum. The LNG plant is operated by Russian gas giant Gazprom with major shareholder Royal Dutch Shell.

LNG World News Staff