Chen AizhuJessica Jaganathan
2 minute read
Workers remove snow at a liquefied natural gas (LNG) facility of ENN Group in Changsha, Hunan province, China December 31, 2018. REUTERS/Stringer/File Photo
Summary
Deal is with multiple suppliers
ENN s increased purchase due to added capacity
SINGAPORE, July 6 (Reuters) - ENN LNG (Singapore) Pte Ltd, a unit of private Chinese gas distributor ENN Group, has agreed via a tender to buy about 26 cargoes of liquefied natural gas (LNG) for 2022 and 2023 to replenish stocks as new storage becomes operational, two trading sources said.
The cargoes were bought at premiums of about $1-2 per million British Thermal Unit over Title Transfer Facility, or TTF, a virtual trading point for natural gas in the Netherlands, on a delivered basis, said one of the sources.
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