Costa Azul to receive Tangguh LNG cargo August 4: Bentek

Thursday, July 26, 2012

The 3.3-Bcf Tangguh Hiri LNG tanker is en route to Mexico's Costa Azul terminal, just across the California border, carrying a cargo from Indonesia's Tangguh LNG plant, Bentek Energy LNG analyst Javier Diaz said Thursday.

The cargo left the Indonesia terminal July 5, Diaz said. Its estimated arrival date is August 4, he added.
It would be the third cargo Costa Azul would receive this year, after receiving cargoes in June and February, Diaz said. The terminal only received two cargoes in 2011, in April and November, he said. The last re-export from Costa Azul was in January 2011, Diaz said.

LNG into Costa Azul is distributed as gas in Mexico and and the US Southwest.
Bentek is a unit of Platts.

San Diego-based Sempra Energy, owner of the Costa Azul terminal, agreed earlier this year to amend its supply contract with the Tangguh consortium to divert to more profitable markets most of the LNG initially intended to come to Costa Azul.

Sempra pays a discount to the Southern California spot gas price for its Tangguh supplies. The amended contract also allows Indonesia to supply LNG to its newly developed domestic LNG market.

So far, the new West Java regasification terminal has received three cargoes, at a rate of one a month, since it started operations in May.

For more information please visit Platts Website.