China National Offshore Oil Corp (CNOOC) has sold a liquefied natural gas (LNG) cargo stored on an offshore vessel because of low winter demand. The company said it had decided to sell the LNG at its terminal in Qingdao, Shandong province, after receiving orders from customers for other products. The ship is thought to have been sent to Tokyo, although its buyer was undisclosed. The Neo had been anchored as part of CNOOC ’s plan to ensure gas supply are available during the peak winter season and prepared to deliver to Tianjin or Ningbo terminals on notice.
China National Offshore Oil Corp (CNOOC) has sold a liquefied natural gas (LNG) cargo stored on an offshore vessel because of low winter demand. Warmer weather, along with a lack of interest from industry, led to the decision to sell the LNG cargo stored on the Neo Energy, located off South Korea. The ship is thought to have been sent to Tokyo, although its buyer was undisclosed. The Neo had been anchored as part of CNOOC’s plan to ensure gas supply are available during the peak winter season and prepared to deliver to Tianjin or Ningbo terminals on notice.