Mexico’s Altamira Scheduled to Get LNG Spot Cargo From Nigeria

Mexico is scheduled to receive a spot cargo of liquefied natural gas from Nigeria today, according to ship-tracking data.

The Trinity Glory, with a capacity of 152,675 cubic meters, is due to arrive at the Altamira facility on Mexico’s east coast, according to ship transmissions captured by IHS Fairplay on Bloomberg. The tanker sailed from Nigeria LNG Ltd.’s Bonny Island terminal, where it loaded the supercooled gas and departed May 2.

Koninklijke Vopak NV (VPK), a Dutch storage provider, is the majority shareholder in Altamira with a 60 percent stake, according to the company’s website.

Gerbert van Genderen Stort, a Rotterdam-based spokesman for Vopak, and Kudo Eresia-Eke, an Abuja-based official at Nigeria LNG, didn’t respond to phone calls or e-mails sent outside working hours.

Mexico doesn’t have term contracts to buy LNG from Nigeria, according to data compiled by Bloomberg. The country’s state utility, Comision Federal de Electricidad, bought 19 cargoes from Trafigura AG and eight shipments from BP Plc (BP/) through a spot buy tender over the last two weeks.

Force Majeure

Nigeria LNG, Africa’s largest exporter of the fuel, said May 15 it declared force majeure on exports after Royal Dutch Shell Plc (RDSA) discovered a pipeline leak and halted deliveries.

The announcement followed Shell’s shutdown of its Gbaran Ubie and Soku gas facilities after the pipeline leak cut supplies by half, Eresia-Eke said May 17 in an e-mail. Force majeure is a legal step that protects a company from liability when it can’t fulfill a contract for reasons beyond its control.

Latin America’s LNG import capacity will increase to 49.2 million metric tons a year in 2020 from a projected 30 million this year, Anton Safronov, Total SA’s (FP) LNG origination director, said May 9 in Singapore.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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