Oil & Gas Equipment
PetroChina raises very first spot LNG freight from PNG nationwide oil company
PetroChina International has lifted an area freight of liquefied gas (LNG) from the PNG LNG project sold by Papua New Guinea's nationwide oil business, the Chinese state oil and gas trader said on Friday. This is the first sale of the super-chilled fuel the Pacific island nation's state-owned Kumul Petroleum Holdings Limited ( KPHL) has made, the Chinese company said in a statement on its social networks WeChat platform. KPHL offered the cargo via a tender in February that was granted to PetroChina International (PCI). The purchase of the 144,000-cubic-meter freight marks the beginning of more LNG trade between the...