Skip to main content

Pakistan LNG receives heavy interest for 10-cargo spot tender

Published by
LNG Industry,


According to Reuters, Pakistan LNG has launched a spot tender to purchase 10 LNG cargoes for delivery in 4Q19, receiving heavy interest from a number of companies, including in Japan and China.

Reuters reports that JERA Global Marks and PetroChina International (Singapore) were both among nine companies that have technically qualified to supply the cryogenic fuel.

According to Reuters, the other companies to have qualified for Pakistan LNG’s latest tender include: Vitol Bahrain; BB Energy (Asia); Gunvor Singapore; SOCAR Trading; Trafigura; DXT Commodities; and Eni. According to a document posted on Pakistan LNG’s website, a total of 45 bids have been received.

The company will reportedly open the commercial and financial proposals of the qualified companies on Friday.

According to Reuters, although JERA and PetroChina have historically been LNG buyers, they have started to become increasingly active in trading LNG, as new long-term contracts become more flexible, and buyers take on more portfolio positions in an effort to optimise their trading to lower costs.

Two industry sources with knowledge of the matter claim this is the first time JERA has taken part in a Pakistan LNG buy tender process.

It is the third time this year that PetroChina has technically qualified in Pakistan LNG’s tender process.

Read the article online at: https://www.lngindustry.com/regasification/06092019/pakistan-lng-receives-heavy-interest-for-10-cargo-spot-tender/

You might also like

Kabel Schlepp

WEBINAR - Key criteria to ensure proper selection of a cable drag chain

In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »

 

PTT buys year’s supply of LNG

Thailand’s PTT has purchased 10 LNG cargoes for delivery over the course of a year, starting in March 2020.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Pakistan LNG news LNG import news


 

LNG Industry is not responsible for the content of external internet sites.