A third LPG cargo from Ichthys is on the way to Japan.
The 44,000 mt mixed refrigerated cargo arrived at Vung Tau port in southern Vietnam on December 29 aboard the VLGC BW Elm, a shipping source said on Wednesday.
The cargo was lifted by French oil company Total aboard the 58,136-dwt vessel around mid-December and left the Ichthys terminal near Darwin on December 22, according to S&P Global Platts trade flow software cFlow.
The cargo was first sold to another western trading firm, which in turn delivered it to PetroVietnam subsidiary PV Gas, as part of its annual term contract, said a Vietnamese source. Under the contract, PV Gas takes delivery of one cargo per month and the Ichthys stem comes under the contract’s January delivery program, the source added.
The source declined to reveal the name of the western trader, but other trade sources said that Vitol has a term supply contract since December with PV Gas, which has around 60% of Vietnam’s market share.
The Vietnamese source said they would welcome future LPG shipments from Ichthys. “The quality is good for us, for household usage,” the source added.
The cargo delivered to Vietnam was the second that Total has lifted from the Ichthys project.
