Vitol places lowest offers for Pakistan LNG buy tender in April

Posco International

05/02/2021 02:31

SINGAPORE, Feb 5 (Reuters) - Commodity trader Vitol has
placed the lowest offers for two liquefied natural gas (LNG)
cargoes, which Pakistan LNG was seeking for delivery in April,
according to a notice on the company website. 
    Vitol  VITOLV.UL  placed the lowest offers among three other
companies, at a slope rate of 11.0522% against Brent crude oil
for a cargo to be delivered over April 5 to 6, and a 10.8933%
slope against Brent for a cargo to be delivered over April 19 to
20. 
    The prices are expressed 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. 
    The other companies that participated in the tender include
Qatar Petroleum Trading, POSCO International Corp  047050.KS 
and PetroChina International Singapore, according to the
document. 
    Pakistan LNG last bought three cargoes for delivery in March
through an emergency tender, two of which were from Italy's ENI
at a 13.6% slope against Brent and one cargo from Qatar
Petroleum Trading at a 12.7% slope.  urn:newsml:reuters.com:*:nL1N2K20A9
    

 (Reporting by Jessica Jaganathan; Editing by Amy Caren Daniel)
 ((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters
Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net;
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