PetroChina Set to Receive LNG Spot Cargo From Equatorial Guinea

PetroChina Co., China’s biggest listed oil and gas producer, is set to receive a spot cargo of liquefied natural gas at its new Tangshan terminal, according to ship-tracking data.

The Gaslog Singapore, with a capacity of about 155,000 cubic meters, will dock at the northeastern China facility today, transmissions captured by IHS Fairplay on Bloomberg show. It loaded the supercooled gas at Equatorial Guinea LNG Holdings Ltd.’s Punta Europa terminal and departed Dec. 2.

Asian LNG importers typically purchase more spot shipments from December to March to meet peak heating and power demand during winter in the northern hemisphere.

The Tangshan terminal, with a capacity of 3.5 million metric tons a year, received its first cargo from Qatar last month. PetroChina has no long-term contracts to buy gas from Equatorial Guinea, according to data compiled by Bloomberg.

PetroChina operates a terminal at Rudong in eastern China with the same capacity and a 3 million-ton-a-year receiving facility at Dalian, data compiled by Bloomberg show.

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