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.

- Advertisements -

Most Popular

Golar buys vessel for third FLNG project

Golar LNG has exercised its option to acquire the 148,000-cbm Moss-type carrier, Fuji LNG, which it aims to convert...

Australia’s Woodside investigating Pluto LNG incident

Australian LNG player Woodside has launched an investigation following an incident that took place on Friday at its Pluto...

Gas leak shuts Equinor’s Hammerfest LNG terminal

Norway's Equinor has closed its 4.3 mtpa Hammerfest LNG export plant due to a gas leak. "I can confirm that...

More News Like This

QatarEnergy pens long-term LNG supply deal with Petrobangla

State-owned LNG giant QatarEnergy has entered into a 15-year deal to supply LNG to Bangladesh’s state-owned Petrobangla. The signing of...

Kaefer scores Qatari LNG gig

A unit of Germany's Kaefer has secured a contract to provide insulation services to QatarEnergy's giant LNG expansion project. Kaefer...

QatarEnergy awards $10 billion NFS LNG contract

State-owned LNG giant QatarEnergy has awarded the engineering, procurement, and construction contract for the North Field South (NFS) project...

Construction progress continues on Golden Pass LNG export terminal

QatarEnergy and ExxonMobil are moving forward with the construction of their Golden Pass LNG export terminal on the US...