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Pakistan LNG tenders: why have Gunvor and Eni gone short?


Pakistan LNG tenders: why have Gunvor and Eni gone short?

Report summary

Pakistan LNG Limited closed two tenders for LNG supply in January 2017. The first called for 60 cargoes to be delivered over five years. The second called for 180 cargoes delivered over 15 years. Both tenders specified deliveries beginning in July 2017. Trading house Gunvor won the five-year tender at 11.6247% Brent. Eni offered the lowest bid for the 15-year tender, but the final deal is still in negotiation and the eventual price could be below 12% Brent.


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This report includes 1 file(s)

  • Pakistan LNG tenders: Why have Gunvor and Eni gone short? PDF - 431.99 KB 7 Pages, 3 Tables, 5 Figures

Description

This LNG Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

If you want to look at the trends, risks and implications of this topic, this report gives you an alternative point of view to help inform your decision making.

Offering bottom-up market analysis for over 150 LNG supply assets, 28 LNG-importing countries and more than 500 LNG contracts, Wood Mackenzie is the definitive and trusted resource for the LNG industry.

We use our robust database and expert industry knowledge to help you understand the dynamics of the global LNG industry and identify emerging trends and opportunities.

  • What are the agreed key terms?
  • Who participated in the tenders – and what does this imply?
  • Prices quoted are a premium compared with recent Asian deals
  • Wide participation in short-term tender reflects an oversupplied environment
  • Fewer bids in the long-term tender but strong showing from traders
  • Eni lacks a clear source of supply
  • Conclusions

In this report there are 8 tables or charts, including:

  • What are the agreed key terms?
    • Pakistan LNG tenders: why have Gunvor and Eni gone short?: Image 1
  • Who participated in the tenders – and what does this imply?
    • Reported bids for Pakistan LNG Limited in 2017
    • Reported bids for Pakistan State Oil in 2016
    • Comparison of offers to Pakistan LNG
  • Prices quoted are a premium compared with recent Asian deals
  • Wide participation in short-term tender reflects an oversupplied environment
  • Fewer bids in the long-term tender but strong showing from traders
    • Pakistan's contracted LNG by buyers
    • Pakistan's contracted LNG by seller
    • Cost of delivery to Pakistan
    • Pakistan LNG tenders: why have Gunvor and Eni gone short?: Image 5
  • Eni lacks a clear source of supply
  • Conclusions
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