3 Cargo Tenders for Australia's NWS LNG Project

Australia's North West Shelf liquefied natural gas (LNG) export plant is expected to soon launch a tender to sell three cargoes loading in September, shipping and trading sources with knowledge of the matter said.

The project's stakeholders expect a September-loading tender to be issued imminently, given recent production trends, likely this week or next, one of the sources said.

The additional supply will enter an already saturated global LNG market, which has spurred one of the sharpest price downturns on record, with cargoes now changing hands at $11.05 per mmBtu.

Reporting by Oleg Vukmanovic