KARACHI: Pakistan LNG Limited (PLL) has finalized lowest bids ranging $6.7/mmbtu to $6.925/mmbtu for eight LNG cargoes to be delivered during April to June 2021. It was the first time PLL invited bids on fixed dollar rates instead of percentage of Brent, as was the practice. PLL received a total of 42 bids for the…
All posts tagged Pakistan LNG Limited
Pakistan LNG Limited floats tender to procure three cargoes in March 2021
KARACHI: Pakistan LNG Limited (PLL) has floated a tender to import three liquefied natural gas (LNG) cargoes of 140,000 cubic meters each for March 2021. An advertisement by PLL said the country is seeking cargoes – each of 140,000 cubic metres in three delivery windows – and January 15, 2021 is the deadline for submission…
Pakistan LNG Limited issues tender for import of six LNG cargoes
KARACHI: State owned Pakistan LNG Limited (PLL) has invited bids for import of six liquefied nautral gas (LNG) cargoes of 140,000 cubic meters each to be delivered in January 2021. The country has ramped up spot LNG buying given the increased demand in winters. Last month PLL had issued a tender of six LNG cargoes…
Pakistan LNG Limited receives lowest bids for December LNG deliveries
KARACHI: Pakistan LNG Limited (PLL) has received offers between 15.88-16.99 percent of Brent for its 6-cargo tender for December delivery. For a $37.46/bbl Brent price, that’s $5.95-6.36/MMbtu of LNG. Astute observers may point out that this is lower than northeast Asian LNG spot. Socar Trading won the bidding for first cargo to be delivered on…