DUSUP to close LNG buy tender soon

DUSUP to close LNG buy tender soon

The Dubai Supply Authority is reportedly close to awarding a private tender for the supply of 4 to 6 LNG cargoes each in 2016 and 2017. 

Sources revealed to Reuters that the tender is in the final stages with two companies remaining in the bidding.

Traders taking part in the bilateral talks revealed that offers were priced well bellow 12 percent of the price of Brent crude oil possibly ending at a $5 per million British thermal units for a two-year deal.

15 companies submitted their offers to DUSUP that has declined all but two coming from oil majors with an award anticipated for this weekend.

Commenting on the low offer prices, one of the sources said that the tender followed closely after the one issued by Jordan’s National Electric Power Company.

As it was reported earlier, Jordan’s NEPCO selected Shell to supply half of the LNG cargoes sought in a 78-cargo tender issued in July.

That tender attracted more than 16 bidders that could have turned to DUSUP’s tender with aggressive offers, the source explained.

 

LNG World News Staff; Image: Excelerate Energy

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
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 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

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

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

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

read more >