PetroChina, Trafigura submit lowest bids in Pakistan LNG tender

Energy giant PetroChina and trader Trafigura have submitted the lowest bids in a tender to supply Pakistan with five spot LNG cargoes over the October-November period.

Five companies took part in the tender, including Gunvor Singapore, Vitol Bahrain, and Total gas and Power, Pakistan LNG’s evaluation report dated September 2 shows.

Trafigura submitted the lowest offers for four cargoes, while PetroChina placed the lowest offers for one cargo.

The report says that Trafigura submitted the most competitive bids for the October 8-9 delivery, October 23-24, October 28-29, and November 12-13.

Trafigura offered its lowest price of $19.8444/MMBtu for the October 8-9 delivery and the highest of $20.9677/MMBtu for the November 12-13 delivery, the document shows.

On the other side, PetroChina submitted the lowest bid for the November 6-7 window priced at $20.3888/MMBtu.

Prior to this tender, Pakistan LNG launched a tender with similar dates for October-November and received the lowest bids for seven cargoes from Vitol Bahrain and Total Gas and Power.

Local media reports suggest that the firm did not award these cargoes and launched another tender in order to secure lower prices. However, it did not manage to do so as spot LNG prices are currently trading at their record levels for this time of the year.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Wilhelmshaven LNG jetty ready to welcome Excelerate’s FSRU

Dutch marine contractor Van Oord announced on Monday it had completed the new jetty for its client, state-owned LNG...

More News Like This

PetroChina delivers LNG cargo to First Gen’s Batangas FSRU

PetroChina International, a unit of state-owned PetroChina, has delivered its first cargo of liquefied natural gas to First Gen's FSRU-based terminal in the Philippines.

Cosco, PetroChina to take delivery of new LNG carrier

China's Cosco Shipping Energy Transportation and PetroChina will soon take delivery of a new liquefied natural gas (LNG) carrier.

Brunei LNG, PetroChina ink SPA

LNG producer Brunei LNG has signed a sales and purchase agreement with a unit of PetroChina.

Argentina’s Enarsa gets offers for LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received seven offers for its first LNG cargo tender in 2025.