Reuters: Australian LNG Exporter Offers 6-month Supply Ahead of Project Start

Australia's latest liquefied natural gas (LNG) export project coming on stream this summer at Gladstone has begun sounding out potential buyers as it seeks to place its first six months of production into already over supplied spot markets, trading sources said.

Australia Pacific LNG, a joint-venture between local player Origin Energy Ltd, U.S. major ConocoPhillips and China's Sinopec, expects to begin loading tankers late in the third-quarter for sale to market participants before long-term delivery obligations kick in from April 2016, the sources said.

Within that commissioning phase of the project, exports are estimated at between two to three cargoes per month, with seven to 10 cargoes planned by the end of the year, they said.

AP LNG did not immediately respond to Reuters requests for comment. MORE