Pakistan Secures LNG Shipment from Oman

By MG News | November 27, 2023 at 02:18 PM GMT+05:00

0:00

November 27, 2023 (MLN): In a strategic move to address the looming fuel deficit during the winter season, Pakistan has finally bought a liquefied natural gas (LNG) shipment scheduled for January, as Bloomberg reported.

The transaction was carried out by the state-run Pakistan LNG Ltd., sealing the deal with Oman's OQ Trading, it said.

Traders, well-versed with the specifics, informed that the LNG purchase was made at a price premium compared to the prevailing spot market rates.

On November 20, PLL floated a tender to import LNG, aiming to import a single cargo within the window of January 8-9 and the bids were set to open on November 24.

In October two cargoes were finalised to be imported in the December 7-8 window and 13-14 window.

PLL had invited bids for these two LNG cargoes on September 27, with the deadline for submissions set for October 04.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	130,344.03 345.79M	1.67% 2144.61
ALLSHR	81,023.99 1,021.87M	1.55% 1236.37
KSE30	39,908.26 141.62M	2.05% 803.27
KMI30	189,535.00 150.29M	1.40% 2619.39
KMIALLSHR	54,783.66 508.76M	1.07% 581.78
BKTi	34,940.73 55.86M	4.37% 1464.05
OGTi	28,296.06 16.02M	1.19% 333.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,665.00	110,105.00 109,405.00	-620.00 -0.56%
BRENT CRUDE	68.87	69.00 68.83	-0.24 -0.35%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	109.20	110.00 108.25	1.70 1.58%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.22	67.50 67.17	-0.23 -0.34%
SUGAR #11 WORLD	15.56	15.97 15.44	-0.14 -0.89%