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