Singapore/London — Turkish state energy company Botas is seeking about 30 liquefied natural gas (LNG) cargoes for delivery over December to March, three industry sources said on Tuesday.
It is seeking three cargoes for December, 12 cargoes in both January and February and four for March, one of the sources said.
Offers for cargoes to be delivered in December are due by Dec. 10 and offers for the rest are due by Dec. 11, the source added.
A gas trader in Turkey said that such a large tender is a result of low prices, with LNG much cheaper than gas in Turkey’s pipeline contracts.
Dutch gas for January delivery, a European benchmark, is even lower at about $4.70/mmBtu.
The tender aims to capitalise on the low prices, the trader said, adding that Russian gas is around levels of $8.50-$8.70/mmBtu.
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