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Pakistan LNG shortlisted PetroChina to supply two June delivery cargoes

In its latest prompt buy tender, closed in May 12, Pakistan LNG Ltd (PLL) has shortlisted single supplier PetroChina International Singapore for two cargoes, to be supplied in June. PetroChina will supply two cargoes- one each on Jun 1-2 and June 28-29. PetroChina had quoted $23.968 for Jun 1-2 cargo and $22.498 for Jun 28-29 delivery window cargo as the lowest bidder, among three suppliers who submitted their bids.

The buy tender was issued by the state-owned PLL on April 30 and was scheduled for open on May 12 and the result too was announced on the same day. Total Energies and Vitol Bahrain were two other suppliers who submitted their bids in response to PLL’s prompt buy tender. The Pakistan government has decided to ensure maximum electricity generation through RLNG based power plants and to ensure enhanced gas fired power generation, Pakistan government has diverted 900mil cubic feet/day RLNG to the power sector. Earlier the power sector was provided only 550mcfd.

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