Académique Documents
Professionnel Documents
Culture Documents
Priced to Brent
Pakistan, like most Asian buyers, purchases LNG priced against Brent
crude oil expressed as a price slope, or percentage of the oil contract.
In the last short-term tender, Pakistan said the lowest offers came in
at 7.13 per cent and 8.54pc of Brent, or around $4.4 to $5.3 per
million British thermal units at the prices of that day on June 14.
But multi-year contracts in the past year have tended to use a higher
price slope — around 11 to 12pc. That would place the price tag for the
240 cargoes — over 15 million tonnes in total — at between $5 billion
and $6 billion.
Pakistan LNG issued the tender in early June to import 24