Pakistan seeks bids to import six LNG cargoes in January
Pakistan is seeking bids to import six LNG cargoes for delivery between Jan. 8 to Feb. 1, the country’s natural gas buyer said in an advertisement in the newspaper Dawn.
The last date for the submission for bids for the cargoes, each of 140,000 cubic meters, is Dec. 10, according to the advertisement by Pakistan LNG Ltd. The winning bids will be announced the same day.
Pakistan LNG recently awarded a tender to import six LNG cargoes in December. Vitol placed the best bids for four of the cargoes while Trafigura and Socar were the front runners for one cargo each.
Pakistan’s gas needs typically rise in December and January but deficit in supply versus demand is expected to increase this year as consumption rises and indigenous supply declines.
The South Asian country has a purchase deal with Qatar for 3.75 million tons of LNG per year for 15 years to 2030, but it regularly taps the spot market.
It also has a five-year import deal with commodity trader Gunvor and a 15-year agreement with Eni.
The power sector is Pakistan’s largest natural gas consumer, followed by residential consumption and the fertilizer industry.
Reporting by Gibran Peshimam in Islamabad and Jessica Jaganathan in Singapore; Editing by Christian Schmollinger
- ADNOC Gas awards $2.1 B in contracts to enhance LNG supply infrastructure
- U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Indonesia regulator confirms disruption at bp's Tangguh LNG project
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
Comments