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Commonwealth LNG Launches Tender for LNG Offtake | Business & Finance - Manchestertimes

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Commonwealth’s tender is supported by Gunvor Group, Ltd., the leading independent global trader of LNG. Gunvor and Commonwealth LNG have a strategic agreement under which Gunvor supports Commonwealth in securing binding LNG offtake and gas supply agreements for the facility. Gunvor has committed to take up to 3 MTPA of LNG offtake from the project. In addition, as part of the tender, Gunvor will enable the offering of DAP basis to customers desiring this option. Furthermore, the utilization of Gunvor’s LNG portfolio will allow the offering to provide firm LNG supply obligations, which will mitigate greenfield project supply risk and/or allow deliveries of LNG prior to the start-up of the Commonwealth LNG project to buyers who require earlier supplies.