Gunvor emerges as winner in Pakistan LNG cargo tender

  • Ports & Logistics

Trading company Gunvor has emerged as a winner in a tender to supply Pakistan with six liquefied natural gas (LNG) cargoes in July and August.

Gunvor submitted the most competitive offers for five of the cargoes sought by state-owned company Pakistan LNG while Vitol won one and Trafigura none, according to a commercial evaluation document.

Gunvor placed the best bids for deliveries on July 8-9, 19-20, 29-30, August 8-9 and 13-14 while Vitol secured the August 23-24 delivery slot, Pakistan LNG’s document shows.

All of the offers are oil-linked, expressed as a percentage of Brent in range of 15.9247 percent to 16.9247 percent, respectively.

The cargoes will be delivered on a DES basis to the Port Qasim, where two Pakistan’s LNG receiving facilities are located.

Pakistan LNG expects to officially award the cargoes on July 2.


LNG World News Staff


Related news

List of related news articles