Commodity traders place lowest bids in Pakistan LNG tender

Image courtesy of Pakistan LNG Terminals

Trading companies Vitol, Trafigura and B.B. Energy submitted the lowest bids in a tender to supply Pakistan with four liquefied natural gas (LNG) cargoes in March.

State-run Pakistan LNG launched the tender in November with four delivery windows across March.

Five companies took part in the tender including Gunvor, Vitol, Trafigura, B.B. Energy and DufEnergy, Pakistan LNG’s commercial evaluation report dated January 1 shows.

Vitol submitted the most competitive bid for the March 8-9 delivery window at 15.9147 percent of Brent. The Swiss-based trader also had the best bid for the March 22-23 window at 13.8301 percent of Brent, according to the document.

For the March 17-18 delivery window, Trafigura placed the best bid at 15.0591 percent of Brent while for the March 27-28 slot B.B. Energy had the lowest bid of 13.2701 percent of Brent.

The cargoes will be delivered on a DES basis to the recently opened Pakistan GasPort’s FSRU-based LNG import terminal at Port Qasim or such other LNG terminal within Pakistan, Pakistan LNG has previously said.

Pakistan LNG expects to award the cargoes on January 11.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Feb 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 1 2 3 4

LNG Pricing, Trading & Risk Management: 3-Day Course

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools…

read more >

Asia Pacific Maritime and Offshore Exhibition 2018

7 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia…

read more >

CWC 2nd Papua New Guinea Petroleum & Energy Summit

The 2nd CWC Papua New Guinea Petroleum and Energy Summit is held under the patronage of the Prime Minister of Papua New Guinea…

read more >

CWC World LNG & Gas Series: 16th Americas Summit

Now in its 16th edition, the CWC World LNG & Gas Series: Americas Summit is the longest running LNG and gas event in the Americas region…

read more >