Platts: China Steps up LNG Imports from Nigeria

China's state-owned buyers have stepped up imports from Nigeria LNG (NLNG), with six cargoes delivered to the country's LNG terminals so far this year, according to Platts' shiptracking software cFlow Wednesday.

China imported two cargoes from Nigeria in the period January-February 2014 and seven cargoes for the year as a whole -- all in the first seven months, according to Platts ship tracking software cFlow and China's import data.

The increase comes during limited inter-basin arbitrage opportunities caused by weak demand and falling spot prices in Asian markets.

In the period January to February 2014, the NBP-JKM spread averaged $7.382/MMBtu versus $1.676/MMBtu in the same delivery months in 2015. MORE