Latest bids of LNG received for Feb, 21: Lowest bid is about twice the long term price obtained by PML-N

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@farok84 chuk ke rakho

 

[Norwegian]

If there no shortage pf LNG due to poor planning of PD than why cabinet is grilling PD??

Maybe read the article which your Baji Maryam Nawaz sent here for propaganda?
"The Special Assistant to the Prime Minister on Petroleum further apprised that most of the problems stemmed from the decision of the previous government to introduce the LNG in the country without constructing any storage facility and declaring it as a petroleum product, which cost almost double the locally produced gas. A suggestion was offered that the government should consider declaring LNG as gas through an Ordinance."

Muhammad Umar Sheikh (PSP/BS-20), Lahore Capital City Police Officer (in his own pay and scale) is hereby transferred with immediate effect and posted as Deputy Inspector General of Police/Deputy Commandant, Punjab Constabulary, Farooqabad against a vacant post."

Hi,

I am guessing you haven't read the article. If you had, you would have appreciated the lengths Petroleum Division has gone to minimize the effects of ill conceived, poorly planned and hastily executed decisions of PMLN government, as pointed out in the article you have shared.

"The Special Assistant to the Prime Minister on Petroleum further apprised that most of the problems stemmed from the decision of the previous government to introduce the LNG in the country without constructing any storage facility and declaring it as a petroleum product, which cost almost double the locally produced gas. A suggestion was offered that the government should consider declaring LNG as gas through an Ordinance."

As I had said in earlier posts, it is beyond foolishness to import a full cargo to curtail a fraction of shortage, in absence of storage facilities. What should be done with extra tonnage, vaporize it in thin air? For the month of October, that would have been vaporization of ~50,000 ton LNG.

@farok84 chuk ke rakho

You can't cure Patwarism with facts. It's incurable

 

[farok84]

https://twitter.com/x/status/1352616535890792448

https://twitter.com/x/status/1352600181196337152

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The ministry said the price of the February cargo was about 22% lower than the price an earlier bidder had offered, and later withdrawn, for the same cargo. It did not specify the name of the seller.

Sources however said the cargo was awarded to Qatar Petroleum Trading, which had placed the lowest offer at a percentage of the Brent crude oil futures price, known as a slope rate, of 16.33%, for delivery over Feb. 25 to 26, the sources said.

Emergency tender: Pakistan LNG seeks more cargoes

SINGAPORE: Pakistan LNG is seeking three liquefied natural gas (LNG) cargoes through an emergency tender, its second...

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