Gunvor Could Get Contract to Supply LNG to Pakistan State Oil

Pakistan State Oil (PSO) will most likely award contract for supply of three LNG consignments to Gunvor Group, reported Express Tribune newspaper.

In May, PSO had launched a tender for four cargoes of LNG of 143,000 cubic metres each during the period June to September.

Gunvor was among nine trading houses that submitted bids in response to the tender.

The PSO spokesman said the tender is valid till June 29 and claimed that it has not been awarded yet. However, the spokesperson confirmed that all other participants were disqualified, the newspaper reported.

The Express Tribune reported scepticism among losing participants about the tender process given the fact that all of them, except for Gunvor, were disqualified on technical grounds on Thursday night.

While PSO has the power to sideline any bidder who fails to meet any of the tender requirements, the fact that no one knows who actually offered the lowest price for LNG is bound to haunt the management in the coming weeks, the newspaper added.