China’s Unipec awards major buy tender for LNG cargoes with JKM cash premiums

Unipec, a trading arm of Chinese national oil company Sinopec, purchased at least 23 LNG cargoes via a major buy tender that closed on Sept. 15, with winter volumes heard secured at average cash premiums of 10-30 cents/MMBtu to the corresponding JKM pricing periods, according to multiple industry sources. The sources told S&P Global Commodity Insights that Unipec had secured… Unipec, a trading arm of Chinese national oil company Sinopec, purchased at least 23 LNG cargoes via a major buy tender that closed on Sept. 15, with winter volumes heard secured at average cash premiums of 10-30 cents/MMBtu to the corresponding JKM pricing periods, according to multiple industry sources. The sources told S&P Global Commodity Insights that Unipec had secured… Read More