Report: Pakistan LNG soon to name 240-cargo tender winners

The state-owned Pakistan LNG is set to open financial bids for its two tenders seeking the supply of 240 cargoes of liquefied natural gas on January 19. 

The contracts for the successful bidders will be awarded on January 31, Pakistan’s Business Recorder reported, citing sources in the Ministry of Petroleum and Natural Resources.

In the first tender issued in November 2016, Pakistan LNG sought the delivery of 60 cargoes for a period of five years and in its second tender the company sought 180 cargoes over a period of 15 years. According to the report, a total of 14 bids were received.

In addition, it was reported that the company is looking to issue new tenders for more LNG supplies as soon as the current process is finalized.

The start of the deliveries is set for July 2017, with a nominal cargo capacity set at 140,000-cbm, according to the initial documents.

Cargoes will be delivered to Pakistan’s second LNG terminal at Port Qasim, Karachi being developed by Pakistan GasPort Limited that has chartered BW’s 170,000-cbm FSRU for the project under a 15-year deal signed in August.

The vessel, named BW Integrity, is currently under construction at the Samsung Heavy Industries shipyard in Geoje, South Korea.

LNG World News Staff