It may take a major oil price recovery to rescue traders that reportedly bought Trinidadian cargoes for August and September loading at an f.o.b.price of around 18 per million Btu(WGI Sep.3,pl).Japanese and South Korean buyers insist that current market conditions don't justify what would translate into ex-ship prices of at least 22/MMBtu.Supporting this contention,WGI hears that a Japanese utility has bought an Atlantic Basin cargo for December arrival under a pricing formula that translates into 19-20/MMBtu at current oil prices-below the implied delivered price for the Trinidadian cargoes.
展开▼
