Pathfinder
Chief Minister (5k+ posts)
A question for the tooi manjney walay on the forum! why are we buying expensive LNG from Qatar??
Pakistan Buys Cheapest LNG (Gas) 230% Cheaper than Qatri LNG
- Thread starter Pathfinder
- Start date
A question for the tooi manjney walay on the forum! why are we buying expensive LNG from Qatar??
Saboo
Prime Minister (20k+ posts)
ہاہا...جہاں کسی شریف کی کسی سے پکی یاری ہو وہاں قیمتیں نہیں دیکھی جاتیں
اب اس میں کیا ...... ?
Pathfinder
Chief Minister (5k+ posts)
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
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
Pathfinder
Chief Minister (5k+ posts)
bas mian ji ka khalar wadd jai aur baki goli maro.
AhmadSaleem264
Minister (2k+ posts)
Gas prices are linked with oil prices so it is wrong to compare it in absolute terms
Pathfinder
Chief Minister (5k+ posts)
NO I am talking about buying FIXED price for decades to come! secondly Gas prices are not the same as oil prices unless I am wrong!
akinternational
Minister (2k+ posts)
agar waqaqi aisa hai to IK ko mubarakbad...USS DAKU SHAHID KHAQAN KO PHAQNSI DI JAI...RAJA ASHRAF KO BHI PHANSI DI JAI...
inqelab inqelab waahid hal inqelab e islami ke zarye sharia't ka nifaz.... haq ke liye jiddojohad, sabr aur Allah per tawakkal karo.... FIRQABAZI HARAM HAI, SIRF MUSLIM BANO
inqelab inqelab waahid hal inqelab e islami ke zarye sharia't ka nifaz.... haq ke liye jiddojohad, sabr aur Allah per tawakkal karo.... FIRQABAZI HARAM HAI, SIRF MUSLIM BANO
desan
President (40k+ posts)
Except they locked in the expensive LNG prices for years to come!!!
Onlypakistan
Chief Minister (5k+ posts)
QATRI KHAT AESEY HI NAI MILTA
Masud Javed
Chief Minister (5k+ posts)
Thank you PM Khan
drmanzoormian
MPA (400+ posts)
LNG and petroleum prices generall go hand in hand with each other. Nonetheless, they can go different routes as well. There are very complex situations affecting gas prices depending where from and what time of the yeardeals are made. USA market is rife with the cheapest gas for mega large reserves and production.
