Where are the supporters of buying LNG from Spot Market?? Those who were bashing the long term contracts must now realizing the importance of long-term contracts. The company, which had offered a very high rate three weeks ago, also refused to supply when the time came.
Informed sources said SOCAR Trading, a subsidiary of Azerbaijan’s state oil company, also faced problems in LNG supply in the second week of February, but strategic friendly relations did not let the supply go off. Also, a 2017 agreement with SOCAR for a possible long-term government-to-government cooperation came to PLL’s rescue, the sources said.
There is a suggestion:
The second spot cargo, in the last week of February 2021, was awarded to the lowest bidder as per PPRA Rules, who conveyed inability to deliver as per its bid, Issue them a hefty fine, and take them to court, in the mean time, find another supplier, if they want to charge more, send the difference in a form of a bill to the company that defaulted.
?? u call ur self sky walker hmmm ?? talk on facts not on username or nickname grow up
