By Adnan Bajic State-owned Pakistan LNG has secured an additional cargo for mid-Augusts in a swift procurement procedure.
Courtesy of Pakistan LNG
The company floated a tender and completed the process within a week, according to its tender documents.
The company noted the cargo will be priced at 9.3421% of 3 months average Brent oil prices.
PetroChina International was selected as the lowest bidder and will supply the cargo in the August 15-16 window.
Other bidders in the tender process were Gunvor and Trafigura, the document shows.
POSCO to supply LNG cargo in September
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