Bloomberg News

South Korea May Get at Least 4 Spot LNG Cargoes, Ship Data Show

September 30, 2011

Sept. 30 (Bloomberg) -- South Korea, the world’s second- biggest buyer of liquefied natural gas, may receive at least four spot cargoes of the fuel in the next two months, according to ship-tracking data.

Stena Crystal Sky may reach the Incheon facility tomorrow with a shipment probably from Trinidad & Tobago, ship transmissions captured by AISLive on Bloomberg show. Maran Gas Coronis may reach the terminal on Oct. 5 with a cargo from Egypt, while LNG Imo may arrive on Oct. 16 carrying a cargo from Nigeria, according to ship data.

LNG Jupiter may reach the terminal on Nov. 5 carrying a cargo from the Atlantic Basin, the ship data show.

South Korea purchased 220,952 metric tons of LNG in the spot market at $630 a ton from Nigeria and Trinidad & Tobago in August, according to customs data.

--Editors: Ryan Woo, Baldave Singh.

To contact the reporter on this story: Dinakar Sethuraman in Singapore at dinakar@bloomberg.net

To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net.


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