SOCAR bids lowest in Pakistan LNG tender

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By Adnan Bajic State-owned Pakistan LNG noted that Azerbaijan’s SOCAR placed the lowest bid to supply a spot LNG cargo in late August.

Courtesy of Pakistan LNG

Pakistan LNG said that SOCAR’s bid came in at 5.74 per cent of Brent crude oil prices, which is approximately $2.2 per mmBtu.

The company sought one cargo for delivery in the August 27-28, 2020 window. The 140,000-cbm cargo will be supplied on a Delvered-ex Ship (DES) basis to the FSRU BW Integrity at Port Qasim, Karachi.

BW’s FSRU BW Integrity has a storage capacity in excess of 170,000 cubic meters has a peak regasification capacity

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