Commodity trader Gunvor received a major tender to supply about 60 LNG shipments to Pakistan over a five-year period, beating a host of rivals, while Italy's Eni will supply the country with LNG over a 15-year period, a Pakistani energy official told Reuters.
Pakistan LNG launched a five-year supply tender and a 15-year tender in 2016 to buy a combined 240 shipments of LNG, drawing a lot of interest from suppliers eager to sell gas in an oversupplied market.
Gunvor supplied the lowest bid, expressed as a percentage of a barrel of crude oil, in the five-year tender of 11.6247%, the official said.
Eni, which won the 15-year tender to supply about 180 cargoes, entered a winning bid of 12.29% of a barrel of crude oil.
Recommended Reading
Trans Mountain Pipeline Announces Delay for Technical Issues
2024-01-29 - The Canadian company says it is still working for a last listed in-service date by the end of 2Q 2024.
Why Investors Should Keep an Eye on Vietnam
2024-01-09 - Vietnam has become a partner with the U.S., but as a manufacturing hub and the home to one of the world’s largest cache of critical minerals, it needs power—and investment—to move forward, Energy Capital Vietnam (ECV) founder, chairman and CEO David Lewis says.
FERC: Closure of LNG Import Plant Threatens New England’s Grid
2024-01-10 - Despite record U.S. natural gas production, parts of the U.S., including New England, face difficulties finding adequate supplies for power generation.
PDVSA Contributed $6.2B to Government Coffers in 2023
2024-01-17 - Venezuela’s state-owned PDVSA contributed income equivalent to US$6.2 billion to government coffers in 2023, Venezuela’s President Nicolás Maduro Moros said during his annual National Assembly address.
Venture Global, Grain LNG Ink Deal to Provide LNG to UK
2024-02-05 - Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG terminal.