Commodity trader Gunvor received a major tender to supply about 60 LNG shipments to Pakistan over a five-year period, beating a host of rivals, while Italy's Eni will supply the country with LNG over a 15-year period, a Pakistani energy official told Reuters.
Pakistan LNG launched a five-year supply tender and a 15-year tender in 2016 to buy a combined 240 shipments of LNG, drawing a lot of interest from suppliers eager to sell gas in an oversupplied market.
Gunvor supplied the lowest bid, expressed as a percentage of a barrel of crude oil, in the five-year tender of 11.6247%, the official said.
Eni, which won the 15-year tender to supply about 180 cargoes, entered a winning bid of 12.29% of a barrel of crude oil.
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