Qatar Petroleum’s trading unit makes lowest bid in Pakistan LNG tender

Qatar Petroleum’s trading unit has submitted the lowest bid in a tender to supply Pakistan with one LNG cargo in April.

The state-owned Pakistan LNG launched the tender in January with the delivery window from April 9-10.

Six companies took part in the tender including DXT Commodities, QP Trading, PetroChina, Gunvor, Total Gas & Power, and Posco, Pakistan LNG’s evaluation report dated February 18 shows.

All of the offers are oil-linked, expressed as a percentage of the Brent crude oil price.

The report shows that QP Trading submitted the most competitive bid at 10.0250 percent of Brent for the sole delivery.

Pakistan has been steadily increasing its LNG imports over the years and the country plans to build several more terminals to cope with gas shortages for power generation.

The Port Qasim currently hosts two LNG import facilities both utilizing floating storage and regasification units.

The country’s first terminal started operations back in 2015 utilizing Exclerate’s FSRU while the second floating LNG import facility uses FSRU BW integrity.

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