Bids sought to import six LNG cargoes
Total LNG supply stands at 300 million cubic feet per day (mmcfd) from Qatar and 100mmcfd from Gunvor with the price for both sources being 13.37% of Brent crude rate. PHOTO: FILE
Pakistan is seeking bids to import six liquefied natural gas (LNG) cargoes for delivery between January 8 and February 1, the country’s natural gas buyer said in an advertisement.
The last date for the submission of bids for the cargoes, each of 140,000 cubic metres, is December 10, according to the advertisement published by Pakistan LNG Limited. Winning bids will be announced the same day.
Pakistan LNG recently awarded a tender to import six LNG cargoes in December. Vitol placed the best bids for four of the cargoes while Trafigura and Socar were the front runners for one cargo each. Pakistan’s gas needs typically rise in December and January but deficit in supply versus demand is expected to increase this year as consumption rises and indigenous supply declines.
The power sector is Pakistan’s largest natural gas consumer.
Published in The Express Tribune, November 11th, 2020.
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