Eni, Vitol Offer Lowest Bids in Pakistani LNG Tender
Eni and Vitol have put in the lowest bids for the supply of three LNG cargoes to Pakistan in March, state-run Pakistan LNG said in a document posted on its website on January 18.
For the cargo delivery during March 9-10, Eni offered the lowest bid with a slope rate of 22.2421% of Brent oil futures. Vitol offered a slope rate of 17.8131% for a cargo that would be delivered during March 16-17, and a slope rate of 17.1917% for a cargo that would be delivered during March 22-23, Pakistan LNG said.
Pakistan has two import terminals – one operated by Pakistan GasPort and one by Elengy. Both are at Port Qasim. The south Asian country recently allowed private entities to market imported gas.