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2017-01-20 18:35:00

LNG FOR PAKISTAN

LNG FOR PAKISTAN

NGW - Gunvor and Eni have won contracts to supply LNG to Pakistan.

Pakistan LNG Limited opened the financial bids for the supply of 240 shipments of LNG January 19. Gunvor has bagged a five-year contract to supply 60 shipments while Eni has been awarded a 15-year contract to supply 180 shipments.

Gunvor, headquartered in Geneva, quoted 11.62% of the $/b crude oil value as its $/mn Btu LNG price for the short-term LNG supply contract whereas Italy's Eni offered to bring LNG over the long run at 12.29% of the crude oil price.

This will be the Swiss commodity trader's second LNG supply contract in Pakistan. It has a contract to supply 100mn ft3/d of LNG to Pakistan State Oil. At present, PSO is importing 400mn ft3/d under long- and short-term supply contracts.

Pakistani energy minister Shahid Khaqan Abbasi revealed around 15 companies participated in bidding for the short-term contract whereas five companies took part in the long-term bidding.

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Earlier: 

PAKISTANIAN LNG UP 

PAKISTAN NEEDS MORE GASOLINE 

PAKISTAN IS BETTER FOR WBG 

IRAN-PAKISTAN GAS PIPELINE 

PAKISTAN & RUSSIA GAS PIPELINE

 

 

 

Tags: LNG, PAKISTAN, GAS, ENI, GUNVOR

Chronicle:

LNG FOR PAKISTAN
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

LNG FOR PAKISTAN
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

LNG FOR PAKISTAN
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

LNG FOR PAKISTAN
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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