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After the first cargo was loaded on Suezmax "YANNIS P." in late
January, IHS Markit Commodities at Sea identified a second shipment
coming from the new oil producer in South America. Earlier this
month, Suezmax "EAGLE SAN ANTONIO" lifted around a million barrels
of Liza crude oil, which was already been carried to Chiriqui
Grande in Panama.
Guyana now focuses on completing negotiations with the Exxon
Mobil over crude pricing, lifting costs, and scheduling before the
government exports its first cargo. The government will export its
first cargo of 1 million barrels within coming days, following two
shipments chartered by Exxon.
The first cargo of Liza light sweet crude already discharged
about 1 million barrels of Liza crude oil at a Texas port for
Exxon's refining system. The third cargo to be lifted will be the
first entitled to Guyana's government, which was sold to Royal
Dutch Shell in December. Two more Liza cargoes will for Shell will
follow through March.
Posted 18 February 2020 by Fotios Katsoulas, Liquid Bulk Principal Analyst, Maritime & Trade
