January 19, 2017 / 3:05 PM / 3 years ago

Gunvor wins Pakistan 5-year LNG supply deal- energy official

ISLAMABAD, Jan 19 (Reuters) - Commodity trader Gunvor has won a major tender to supply approximately 60 liquefied natural gas (LNG) shipments to Pakistan over a five year period, beating a host of rivals, while Italy’s Eni will supply the country with LNG over a 15-year period, a Pakistani energy official told Reuters.

Pakistan LNG launched a five-year supply tender and a 15-year tender last year to buy a combined 240 shipments of LNG, drawing a lot of interest from suppliers eager to sell gas in an oversupplied market.

Gunvor supplied the lowest bid, expressed as a percentage of a barrel of crude oil, in the five-year tender of 11.6247 percent, the official said.

Eni, which won the 15-year tender to supply approximately 180 cargoes, entered a winning bid of 12.29 percent of a barrel of crude oil.

Writing by Oleg Vukmanovic, editing by Alexandra Hudson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below