Switzerlands Gunvor and Italys ENI have won contracts to supply liquefied natural gas (LNG) to Pakistan, Natural Gas World reported on Friday.
On January 19, Pakistan LNG Limited opened the financial bids for the supply of 240 shipments of LNG.
Gunvor was able to secure a five-year contract to supply 60 shipments while ENI has been awarded a 15-year contract to supply 180 shipments, Express Tribune reported.
This will be the Swiss commodity traders second LNG supply contract in Pakistan. It has a contract to supply 100 million ft3/d of LNG to Pakistan State Oil. At present, PSO is importing 400 million ft3/d under long- and short-term supply contracts.
Pakistani energy minister Shahid Khaqan Abbasi revealed around 15 companies participated in bidding for the short-term contract whereas five companies took part in the long-term bidding, Express Tribune reported.
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