Pakistan LNG Limited (PLL) has invited bids from international suppliers for the supply of five LNG cargoes for March-April on a delivered ex-ship (DES) basis at Port Qasim Karachi. The first delivery window is from March 3-4, the second from March 17-18, the third from April 2-3, the fourth from April 13-14 and the fifth from April 26-27 for spot purchase. Quantity per cargo is 140,000 m. The bid will be opened on January 30, 2019. The cargoes will be delivered on a DES basis to Port Qasim where two Pakistan's LNG receiving facilities are located.

The Oil and Gas Regulatory Authority (OGRA) brought prices of RLNG down by more than three percent for December over the previous month as oil prices are falling in the international market.

The OGRA announced the monthly prices of RLNG for consumers of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Ltd (SSGCL). The OGRA fixed price for consumers of SNGPL at $12.2987/million British thermal unit (mmbtu) and at $12.7125/mmbtu for consumers of SSGCL.

In response to previous tenders, commodity traders Trafigura and Gunvor had the lowest bids in a tender to supply three cargoes of LNG. Trafigura made the lowest bid to supply a cargo on January 21-22 at 14.4 percent of Brent crude oil prices, whereas Gunvor's bid was at 15.8 percent. Trafigura again bid the lowest for February 21-22 at 14.8 percent of Brent.

Copyright Business Recorder, 2019