ISLAMABAD: Vitol Bahrain has offered the lowest rates for supply of two sport cargoes tendered by Pakistan LNG Terminal for delivery in April 2021.

Pakistan LNG Limited (PLL) has received even lower bids for two LNG cargoes for April in the range of 10.89 percent to 11.05 percent of Brent against the tender that closed on February 04.

With Brent trading at $58.77/bbl; cargo for April 5-6 delivery is priced at $6.49/mmbtu (11.05 percent of Brent), and delivery for April 19-20 is priced at $6.4/mmbtu i.e 10.89 percent of Brent. 

Four traders had submitted the bids including QP Trading, Vitol Bahrain, POSCO International Corporation and PetroChina International.

PLL had received considerably lower bids for three LNG cargoes for March in the range of 12.7 percent to 13.6 percent of Brent against the tender that closed on January 26.
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