• CNOOC Gas & Power is in the market for a spot cargo despite continued uncertainty over China’s proposed pricing reforms. The China National Offshore Oil Corporation spin-off, which operates three LNG terminals in the country, has been spot-market shy as it faces low domestic pricing compared with international LNG tariffs. “Every month or so there are rumours of them being out for one or two spot cargoes,” said Tony Regan, an analyst for Singapore-based Tri-Zen International.