Insight
Pakistan LNG tenders: why have Gunvor and Eni gone short?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Pakistan LNG Limited closed two tenders for LNG supply in January 2017. The first called for 60 cargoes to be delivered over five years. The second called for 180 cargoes delivered over 15 years. Both tenders specified deliveries beginning in July 2017. Trading house Gunvor won the five-year tender at 11.6247% Brent. Eni offered the lowest bid for the 15-year tender, but the final deal is still in negotiation and the eventual price could be below 12% Brent.
Table of contents
- What are the agreed key terms?
- Who participated in the tenders – and what does this imply?
- Prices quoted are a premium compared with recent Asian deals
- Wide participation in short-term tender reflects an oversupplied environment
- Fewer bids in the long-term tender but strong showing from traders
- Eni lacks a clear source of supply
- Conclusions
Tables and charts
This report includes the following images and tables:
- Pakistan LNG tenders: why have Gunvor and Eni gone short?: Image 1
- Reported bids for Pakistan LNG Limited in 2017
- Reported bids for Pakistan State Oil in 2016
- Comparison of offers to Pakistan LNG
- Pakistan's contracted LNG by buyers
- Pakistan's contracted LNG by seller
- Cost of delivery to Pakistan
- Pakistan LNG tenders: why have Gunvor and Eni gone short?: Image 5
What's included
This report contains:
