Vitol comes out top in new Pakistan LNG tender

Energy trader Vitol has submitted the lowest bid in a tender to supply Pakistan with two LNG cargoes in April.

The state-owned Pakistan LNG launched the tender in late December with the delivery windows from April 5-6 and April 18-20.

Four companies took part in the tender including Vitol Bahrain, QP Trading, PetroChina, and Posco, Pakistan LNG’s evaluation report dated February 4 shows.

The report shows that Vitol submitted the most competitive bid at 11.0522 percent of Brent for the first window.

Furthermore, Vitol offered a slope rate of 10.8933% for the second window.

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.

Most Popular

LNG Canada to send third cargo

Shell-led LNG Canada is expected to soon ship the third cargo of liquefied natural gas from the Kitimat facility, according to shipping data.

Hyundai LNG Shipping sells another carrier for scrap

South Korea's Hyundai LNG Shipping has sold another steam liquefied natural gas (LNG) carrier for scrap, according to brokers.

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

More News Like This

Argentina’s Enarsa gets offers for new LNG cargo tender

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

Oman LNG inks supply deal with Vitol

State-owned producer Oman LNG has signed a sales and purchase agreement with energy trader Vitol.

Vitol boosts LNG volumes in 2024

Energy trader Vitol boosted its liquefied natural gas (LNG) volumes by 10 percent in 2024.

Vitol to buy stake in Eni’s Congo LNG project

Geneva-based energy trader Vitol has agreed to buy a stake in Eni's Congo LNG project as part of a...