Vitol and Total place lowest offers for Pakistan LNG tender

MG News | August 25, 2021 at 09:52 AM GMT+05:00

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August 25, 2021: Vitol Bahrain and Total Gas & Power placed the lowest offers for a tender by Pakistan LNG to buy seven liquefied natural gas (LNG) cargoes for delivery in October and November, a document posted on the company website showed.

Three companies participated in the tender, including PetroChina International, according to the document https://www.paklng.com/LNG/T42/FinalEval_T42.pdf.

The cargoes are for delivery over Oct. 7-8, Oct. 17-18, Oct. 22-23, Oct. 27-28, Nov. 11-12, Nov. 16-17, and Nov. 26-27.

Vitol placed the lowest offer for five of the cargoes and Total for the other two. The prices ranged from $17.1449 per million British thermal units (mmBtu) to $22.5866 per mmBtu, according to the document.

The tender closed on Aug. 24 but remains valid until Sept. 8.

Reuters

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