Saturday, August 8, 2020

Inpex Sells Ichthys LNG at Record Low

April 28, 2020

Ichthys Explorer CPF offshore Australia - Image Credit: Mathew Wright/MarineTraffic

Inpex sold a liquefied natural gas (LNG) cargo from Australia's Ichthys plant for loading in May at what traders say is a record low price.

Inpex had offered two cargoes for loading in May and has sold at least one of them at about $1.70 to $1.75 per million British thermal units (mmBtu), four traders said.

The cargo was sold on a delivered ex-ship (DES) basis, two of them said. Details of the buyer and the second cargo could not immediately be confirmed. 

(Reporting by Jessica Jaganathan; Editing by Christian Schmollinger)

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