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    Eni, Vitol Offer Lowest Bids in Pakistani LNG Tender

Summary

State-run Pakistan LNG plans to import three cargoes in March.

by: Shardul Sharma

Posted in:

Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, Corporate, Import/Export, News By Country, Pakistan

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.