PetroChina Set to Get LNG Spot Cargo From Nigeria at Jiangsu

PetroChina Co. (857), China’s biggest oil and gas producer, is set to receive a liquefied natural gas spot cargo from Nigeria today, ship-tracking data show.

The LNG Borno, with a capacity of 150,000 cubic meters, is sailing to the Rudong terminal in China’s Jiangsu province, according to ship transmissions captured by IHS Fairplay on Bloomberg. The vessel loaded the gas at Nigeria LNG Ltd.’s Bonny Island terminal and departed Nov. 24, the data show.

PetroChina has no long-term contract to buy gas from Nigeria. The company operates the 3.5 million metric-ton-a-year Jiangsu LNG terminal, a 3 million ton receiving facility at Dalian, and the 3.5 million ton Tangshan plant, according to data compiled by Bloomberg.

Asian LNG importers typically purchase spot cargoes from December to March to meet peak heating and power demand.

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

To contact the editor responsible for this story: Pratish Narayanan at pnarayanan9@bloomberg.net

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