Tohoku Electric secures LNG cargo for March delivery

Japan’s Tohoku Electric has reportedly snapped up a single cargo of liquefied natural gas (LNG) for delivery in March.

The cargo will be unloaded in a March 18-22 window, Reuters reports, citing traders.

The cargo has been priced at $10.30 per million British thermal units (mmBtu) and Tohoku Electric specifically requested liquefied natural gas with a heating value above 1,040 Btu per cubic foot.

Tohoku Electric picked the supplier on January 24, however, the identity of the supplier could not be confirmed by traders.

LNG World News Staff