SOCAR is one of winners in Pakistan LNG tender


The State Oil Company of Azerbaijan (SOCAR) was one of the winners in the tender held in Pakistan, Report says, referring to foreign media.

Global trader Vitol on Monday placed the best offers for four of six cargoes of liquefied natural gas (LNG) sought by the country in December.

Thus, Vitol tendered 16.9720%, 16.5513%, 15.9759%, and 15.8761% of Brent crude price — known as a slope rate — for four deliveries in December.

The lowest proposals for the two other cargoes were won by Trafigura and Socar, which offered Brent crude slope rates of 16.9870% and 16.8403%, respectively.

The delivery windows for Vitol’s shipments are Dec. 13-14, Dec. 18-19, Dec. 24-25 and Dec. 30-31. The windows for Socar and Trafigura are Dec. 3-4 and Dec. 8-9.