Idku Plant to Export First LNG Shipment Since July

Idku plant is preparing to export its first liquified natural gas (LNG) shipment after its three month halt since July, according to data issued by data intelligence firm Kpler company, Reuters reported.

Rebecca Chia, an analyst at Kpler, said that LNG tanker Cape Ann arrived on October 26 and is expected to be the first cargo that would be exported by the plant.

Additionally, a data released from Kpler and Refinitive Eikon showed that even before the last cargo in July, there were no loadings from the plant since March.

Chia referred attributed this halt to the oil prices drop, which led to the declining number of shipments from the plant. She elaborated that the total cargoes from Idku reached 7 with total loadings of 0.45 million tons this year versus 57 shipments with total loadings 3.66 million tons in 2019.