Featured Pakistan Buys Cheapest LNG (Gas) 230% Cheaper than Qatri LNG

[Path-Finder]

cheap LNG is available and GOP bought it at ~$2 mmbtu. but we are stuck with Qtari LNG at $12-15 mmbtu!

UPDATE 2-SOCAR offers record-low spot price in Pakistan LNG buy tender


SINGAPORE, July 28 (Reuters) - SOCAR Trading has placed the lowest offer into a spot buy tender by Pakistan LNG Ltd for a liquefied natural gas (LNG) cargo for delivery in late August, according to a notice posted on the Pakistani company’s website.

SOCAR’s offer for the cargo is about 5.74% of Brent crude oil prices, according to the document.

This works out to about $2.20 per million British thermal units (mmBtu) for the cargo to be delivered over Aug. 27 to 28 and is a record low LNG price secured by the Pakistani company, Pakistan LNG said on its Twitter account.


This is lower than the Asian LNG spot price LNG-AS for August which on Friday was estimated to be about $2.35 per mmBtu.


Three other companies who had technically qualified for the tender placed offers ranging from 7.8% to 10.4% of Brent crude oil prices. They are Gunvor Singapore, PetroChina International Singapore and Trafigura, according to the notice.

The prices are expressed in the document as a “slope” of crude oil prices, a percentage of the Brent crude price, and are typically a pointer for the opaque spot LNG market.

Pakistan LNG has a separate tender to buy two LNG cargoes for delivery in September. That tender closes on Aug. 4.

https://www.reuters.com/article/pak...rice-in-pakistan-lng-buy-tender-idUSL3N2EZ216

 

[Path-Finder]

A question for the forum tooi wal!! why are we forcefully purchasing Qatari LNG? @volatile @Pakistan Space Agency @El Sidd etc..

 

[FOOLS_NIGHTMARE]

 

[Samlee]

A question for the forum tooi wal!! why are we forcefully purchasing Qatari LNG? @volatile @Pakistan Space Agency @El Sidd etc..

The Very Laiq Mr Ahsan Iqbal Negotiated Very Expensive LNG But Nalaiq Imran Khan and PTI Negotiated Much Cheaper LNG

 

[RIP Pak LAW]

It was not Qatari LNG but was PMLN LNG

 

[Path-Finder]

The Very Laiq Mr Ahsan Iqbal Negotiated Very Expensive LNG But Nalaiq Imran Khan and PTI Negotiated Much Cheaper LNG

thank you nawaj sharif. selected can only buy cheap LNG!

 

[Path-Finder]

Does that explain why we are in a decades long contract to buy on a fixed price LNG from Qatar?

 

[I S I]

petroleum products are at their cheapest now in international market.

 

[Verve]

Buying at a fixed price and getting tied up in a long-term contract confirms incompetency (& corruption if proven) and failures of short-term planning. You can't get into such contracts with zero consideration for long-term! Same thing done with IPPs paying in USD by both PMLN and PPP.

Who is paying for such contracts? The whole nation is - if effects every industry sector, adversely.

 

[Path-Finder]

So the pissy excuse is, that NOW!! in the present prices are down globally!

BUT that doesn't explain. WHY we are in a CONTRACT to buy LNG from Qatar on a FIXED PRICE!

WHY?

 

[El Sidd]

A question for the forum tooi wal!! why are we forcefully purchasing Qatari LNG? @volatile @Pakistan Space Agency @El Sidd etc..

Because you want to provide security for the 2022 World Cup to be held in Qatar.

 

[Path-Finder]

Because you want to provide security for the 2022 World Cup to be held in Qatar.

that is a shoddy excuse! come up with something better!

 

[El Sidd]

that is a shoddy excuse! come up with something better!

how about global energy consumption?

 

[Path-Finder]

how about global energy consumption?

in a market saturated with LNG! you have choices and have the power to bid for the lowest price on LNG. Its not like Qatari LNG comes with added goodness that is not found in other LNG!!

You enter the country into a contract that you cannot get out of! YOU MUST PURCHASE AT A SET PRICE!! WTF.

What piece of excrement does that?

 

[El Sidd]

in a market saturated with LNG! you have choices and have the power to bid for the lowest price on LNG. Its not like Qatari LNG comes with added goodness that is not found in other LNG!!

You enter the country into a contract that you cannot get out of! YOU MUST PURCHASE AT A SET PRICE!! WTF.

What piece of excrement does that?

Do you think these are simple mathematical problems?