Pakistan LNG tender for January cargoes receives offers above spot rates

ISLAMABAD/SINGAPORE: Traders DXT Commodities and ENOC have submitted the lowest bids in a Pakistan buy tender for liquefied natural gas (LNG) cargoes for delivery in January, although the prices quoted are higher than current spot rates, trade sources said on Tuesday.

DXT Commodities quoted a price of $15.28 per million British thermal units (mmBtu) for a Jan. 8-9 delivery cargo, and Emirates National Oil Company (ENOC) offered LNG at $12.95/mmBtu for a Jan. 17-18 delivery parcel, the sources said.