Posted - By Chou Hui Hong -
May 13, 2013 11:20 PM ET - Bloomberg
Comision Federal de Electricidad,
Mexico’s state utility, will buy 18 spot cargoes of liquefied
natural gas cargoes for delivery over the next 18 months from
Trafigura AG.
The utility paid an average price of $15.84 per million
British thermal units for the cargoes, which will be sent to the
Manzanillo terminal on the country’s west coast, CFE said in an
e-mailed statement yesterday. The first shipment will reach the
terminal on July 19, with the average volume of each cargo at
110 million cubic feet per day.
Manzanillo, with a capacity of 3.8 million metric tons a
year, started operations in May 2012, according to the website
of Samsung C&T (000830) Corp. Korea Gas Corp. (036460), the world’s biggest LNG
buyer, owns 25 percent of the terminal and Mitsui & Co. (8031) and
Samsung C&T split the remaining 75 percent, according to the
website.
To contact the reporter on this story:
Chou Hui Hong in Singapore at
chong43@bloomberg.net
Post to be found at:
http://www.bloomberg.com/news/2013-05-14/mexico-s-cfe-buys-18-lng-cargoes-from-trafigura-through-2014.html
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