Pakistan Secures LNG Shipment from Oman

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

Add Mettisglobal as a Trusted Source on Google

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	173,886.69 195.81M	-0.85% -1493.18
ALLSHR	104,193.90 1,478.56M	-0.79% -830.04
KSE30	50,762.89 101.57M	-1.61% -833.18
KMI30	248,644.12 78.76M	-1.03% -2588.32
KMIALLSHR	67,289.90 391.02M	-0.79% -536.64
BKTi	47,836.07 30.16M	-1.03% -497.73
OGTi	34,437.26 6.66M	-1.07% -371.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,000.00	0.00 0.00	45.00 0.06%
BRENT CRUDE	98.10	100.83 96.67	-0.19 -0.19%
RICHARDS BAY COAL MONTHLY	127.25	0.00 0.00	-0.50 -0.39%
ROTTERDAM COAL MONTHLY	136.50	137.25 136.50	-0.80 -0.58%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	90.34	92.53 89.07	-0.18 -0.20%
SUGAR #11 WORLD	18.25	18.60 18.13	-0.31 -1.67%