Pakistan LNG tenders for five cargoes

Published January 4, 2019
LNG cargoes sought for delivery over March to April 2019. ─ File photo
LNG cargoes sought for delivery over March to April 2019. ─ File photo

SINGAPORE: Pakistan LNG is seeking five liquefied natural gas (LNG) cargoes for delivery over March to April, a tender document showed on Thursday.

The cargoes are for delivery over March 3 to 4, March 17 to 18, April 2 to 3, April 13 to 14 and April 26 to 27.

Offers are due by Jan 30 and the tender is expected to be awarded in February, according to the document.

Commodity traders Trafigura and Gunvor International made the lowest bids in Pakistan LNG’s last tender to buy three cargoes for delivery over late January and February.

Wheat tender: Meanwhile, the Pakistan Agricultural Storage and Services Corporation (Passco) has issued a tender to sell and export 100,000 tonnes of wheat under a government programme agreed in November, European traders said on Thursday.

The tender closes on Jan 11, they said.

The government on Nov 20 approved the export of up to 500,000 tonnes of subsidised wheat to reduce large local supplies.

Pakistan’s export programme is being watched closely by grain traders as large additional volumes of wheat can be rapidly placed on world markets.

“I anticipate that Sri Lanka, the United Arab Emirates, Oman and Indonesia will be among potential markets for the import of Pakistani wheat,” one trader commented.

In early 2018, Pakistan also approved the export of wheat to reduce large local supplies which resulted in a series of large sales by export companies to Asian and Middle Eastern importers.

The Passco tender offers wheat in bags described as “fair to average” quality, traders said. Buyers of the wheat must remove the volume bought within 30 days of an agreement being signed, they said.

The wheat is for export by sea ports only.

Published in Dawn, January 4th, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.