Pakistan News

Gunvor to supply three LNG cargoes

Gunvor to supply three LNG cargoes

KARACHI: Commodity trader Gunvor is to supply Pakistan with three liquefied natural gas (LNG) cargoes from August through October after a recent tender in which all other participants were disqualified, trade sources said.

Pakistan State Oil (PSO) launched a tender to buy four cargoes in May. After receiving the bids, it disqualified EDF, Excelerate, Glencore, Gas Natural Fenosa, Marubeni, Trafigura and Vitol for non-compliance reasons, a document on the PSO website said.

Only Gunvor’s bid complied with the terms of the tender. Published in Dawn, July 3rd, 2015

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