Reuters: Vitol buys one LNG cargo from Nigeria in tender -traders

Trading house Vitol has purchased a single liquefied natural gas (LNG) cargo offered by Nigeria's Bonny Island export plant following a tender that closed on Monday, traders said.

The Vitol-chartered Lobito tanker, currently positioned in the mid-Atlantic after delivering a cargo to Brazil, is heading in the direction of the Nigerian plant, according to ship-tracking data on Reuters Eikon.

Vitol is likely to deliver the Nigerian cargo to southern Europe, possibly Spain, one of the trade sources said, as falling prices and weak demand make diversions to Asia unprofitable.
MORE