Gunvor, Gas Natural Fenosa place lowest bids in Pakistan LNG tender

Swiss trading company Gunvor and Spanish LNG operator Gas Natural Fenosa submitted the lowest bids in a tender to supply Pakistan with four liquefied natural gas cargoes in January.

State-run Pakistan LNG launched the tender in September with four delivery windows across January.

The cargoes will be delivered to BW Group’s FSRU BW Integrity that will serve as Pakistan’s second LNG terminal at Port Qasim. The vessel is employed by PGP consortium, a subsidiary of Pakistan GasPort consortium.

However, the LNG terminal project has been delayed for months as the connecting pipeline has still not been completed.

According to the marine data provider, VesselsValue, FSRU BW Integrity is currently moored offshore Port Qasim.

As per the tender for January supply, six companies took part, including Gunvor, Vitol, Gas Natural Fenosa, Trafigura and B.B. Energy. DufEnergy also placed a bid but was “technically disqualified”, Pakistan LNG’s evaluation report dated October 24 shows.

Gas Natural Fenosa submitted the most competitive bid for the January 11-12 delivery window at 16.25 percent of Brent. The Spanish company also had the best bid for the January 26-27 window at 16.125 percent of Brent, according to the document.

For January 16-17 and January 21-22 delivery windows, Gunvor placed the best bids at 16.4844 percent and 16.8931 percent of Brent, respectively.

LNG World News Staff