Six companies place lowest offers for Pakistan LNG buy tender
Six companies have placed the lowest offers for a buy tender by Pakistan LNG for nine liquefied natural gas (LNG) cargoes to be delivered in July and August, according to a document posted on the company website.
Vitol placed the lowest offer for three cargoes, while Qatar Petroleum Trading placed the lowest offer for two cargoes, according to the document.
Trafigura, ENI, BP Singapore and DXT Commodities placed the lowest offers for the other four cargoes.
The lowest prices offered ranged from $10.2937 per million British thermal units (mmBtu) to $11.7747 per mmBtu for the cargoes to be delivered in July, and $10.51 to $10.8312 for the cargoes to be delivered in August.
U.S. liquefied natural gas company Cheniere Energy Inc (LNG.A)said Tuesday it supplied a carbon neutral cargo to Royal Dutch Shell (RDSa.L) as part of a long-term agreement, joining a list of sellers neutralizing emissions as more buyers commit to environmental targets.
National
April 1, 2021
ISLAMABAD: Pakistan LNG Limited (PLL) attracted tremendous participation of LNG suppliers and trading companies for the latest spot tender floated on March 22, 2021, seeking 8 cargoes for April-May-June period.
Pakistan got the bids from 12 LNG trading companies out of which ENI, Qatar Petroleum Trading, PetroChina and Vitol came up with the lowest prices in the range of $6.70-$6.925 per MMBTU. ENI has offered lowest prices for three cargoes, Qatar Trading emerged as lowest bidder for two LNG cargoes, PetroChina for two cargoes and Vitol offered the lowest price for one vessel.
The other companies who also participated in the bids but failed to offer the lowest prices include BB Energy, Gunvor Singapore, BP Singapore, DXT commodities, Trafigura, POSCO, Total Gas and Power, and ENCO.
5 Min Read
SINGAPORE (Reuters) - Qatar Petroleum, the world’s top liquefied natural gas (LNG) producer, is cranking up the pressure on high-cost rivals with bold expansion plans that will boost supplies over the coming decade and potentially push prices down further.
FILE PHOTO: A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato
As competitors struggle to break even due to lower prices, the Qatari firm last month announced it will boost LNG output by about 40% to 110 million tonnes per annum (mtpa) by 2026 in phase one of its expansion of North Field LNG, the largest single LNG project ever sanctioned.