Templates by BIGtheme NET
Home » Finance » No plan to buy LNG from Shell
No plan to buy LNG from Shell

No plan to buy LNG from Shell

MILAN: Pakistan State Oil has dropped plans to buy 60 LNG cargoes from Royal Dutch Shell after receiving a lower price from Qatargas.

The company will supply liquefied natural gas cargoes at a price of 13.37 per cent of a barrel of crude oil, said a source.

Pakistan was to buy LNG from Shell after the oil major submitted the lowest price in a tender finalised late last year.

Before officially awarding the cargoes, officials managed to clinch a more favourable deal with Qatargas even though it was not in the original tender, sources said.

Courtesy : Dawn News



Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkdin
Contact us
Please Like Facebook Fan Page
By Liking facebook Page you are Updated about Latest Videos & News