Qatar Offer Lowest for March LNG Cargoes in Pakistan Tender

Pakistan LNG received lowest offers from Eni and Qatar Petroleum for three shipments in March sought in latest tender, according to traders with knowledge of the tender.

  • Offers were submitted as a percentage of Brent oil price
  • Eni offered 13.6157% for cargoes to be delivered on March 11-12 and on March 18-19
  • QP offered 12.7310% for cargo to be delivered on March 24-25
  • NOTE: Pakistan LNG on Jan. 22 issued a tender for the three cargoes, bids were due on Jan. 26
  • In mid-January, Pakistan LNG received offers in another tender for three March cargoes, with Eni offering lowest at 22.2421% for March 9-10 cargo and Vitol offering lowest at 17.8131% for March 16-17 and at 17.1917% for March 22-23 cargo
  • It remains unclear if Pakistan LNG will award the earlier tender after receiving lower prices in the later round

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