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Wish you, your family and your colleagues a speedy recovery.

Hi, As much as I would like Pakistan to diversify its oil/ gas suppliers and move away from GCC, the proposed pricing formula based on JKM plus a premium, makes the offer totally unacceptable. Prices offered to Pakistan spot cargoes traditionally offer a discount to JKM, so a 11 cargo deal with...

Azerbaijan seeks to build long-term energy ties Khaleeq KianiPublished January 28, 2021Updated a day ago Facebook Count Twitter Share 3 Rejecting default ‘news’, Socar confirms LNG cargo delivery on Feb 15-16. — Reuters/File ISLAMABAD: Socar Trading — a commercial arm of the State Oil...

Hi, It is unfortunate we are still comparing spot with term contracts. These are inherently flawed and therefore should be avoided for any intellectual/ healthy conversation.

Updated 27 Jan, 2021 08:12am Pakistan gets up to 38pc lower LNG rates through revised bids THE NEWSPAPER'S STAFF REPORTER ISLAMABAD: Amid falling international market, Pakistan on Wednesday received significantly cheaper bids for three cargoes of liquefied natural gas (LNG) to be delivered in...

Dear Niaz Sb, Thanks for the kind reply, as always your inputs are highly appreciated and cherished. I will try to further expand on it. I definitely agree LNG will always be costlier than any gas transported through pipeline either IP or TAP, due to number of add on charges, like you said of...

Purveyors of fear Let us face reality! Pakistan being less than 2% of the global LNG trade, we do not move the market Nadeem BabarJanuary 24, 2021 First, it was said that the Government of Pakistan bought LNG at extremely high prices for December 2020, raising fears that LNG consumers were...

Hi, As much as I want that pipeline to be constructed, the pricing formula linked to JCC makes this gas totally unfeasible for Pakistan, specially when the world is moving to price LNG on gas-linked benchmarks (Henry Hub and TFF). Current Price = (a x JCC) + b, where, a = 0.063 (6.3%), when...

All including PTI stalwarts and the NAB who had been claiming that Shahid Khaqan Abbasi signed a stupid high priced 15 years contract and cheated Pakistan out of billions of dollars because LNG prices had touched temporarily touched rock bottom due to a sudden lowering of demand should now take...

Hi, It appears certain lobbies in Pakistan are trying to portray Azerbaijan as an unreliable energy source. A 5 year term contract for supply of 1 cargo/ month on a 13.37 brent slope between Gunvor & PSO, has recently concluded in Dec 2020, which has opened opportunity for delivery of 1 cargo/...

The ministry said the price of the February cargo was about 22% lower than the price an earlier bidder had offered, and later withdrawn, for the same cargo. It did not specify the name of the seller. Sources however said the cargo was awarded to Qatar Petroleum Trading, which had placed the...

Hi, Thanks for the tag. As you said, the bids will be towards higher side, I suspect it to be around $15/mmbtu. It is better to utilize alternates (oil fired power-plants) in that scenario. Almost all other South Asian and North Asian importers are relying on alternates and/ or rationing to...

Hi, This might be the relevant Notam. Maybe @JamD and @User can help us out in better understanding it. https://www.caapakistan.com.pk/upload/Notams/A0036-21.txt (A0036/21 A02 NOTAMN Q)OPXX/QARLC/IV/NBO/E/000/999/ A)OPKR OPLR B)2101190700 C)2101201030 D)FROM 19-20 JAN'2021 BTN 0700-1030...