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Markets & Forecasts

Tianjin output falls but CNOOC facility remains top seller

The terminal sold much more trucked LNG than other facilities in China last week, despite its sales falling on a weekly basis The terminal sold much more trucked LNG than other facilities in China last week, despite its sales falling on a weekly basis.
By Tang Tian 1 August 2019 Asia Pacific / Supply & Demand 0 34443
Average daily trucked LNG sales from terminals

The average LNG send-out rate at China National Offshore Oil Corp.’s (CNOOC’s) Tianjin terminal declined to 356 tanker trucks per day last week, but this was still enough for the facility to remain the country’s top LNG seller. Sinopec’s Beihai and CNOOC’s Zhuhai terminals sent out 202 tankers per day and 194 tankers per day respectively.

LNG output forecast

China’s average daily LNG output is forecast to decrease to 35,252 tons this week...