Report: Italian LNG tender sparks competitive bidding

By LNG World News Image courtesy of OLT Offshore LNG ToscanaOLT Offshore’s tender for the supply of about 15 LNG cargoes attracted a lot of interest with suppliers putting in bids at a slight premium to Britain’s National Balancing Point (NBP) trading hub prices.
According to the initial tender, the cargoes are to be supplied between April and September with Swiss traders Gunvor and Trafigura selected to deliver the majority of cargoes, along with MET and Uniper, Reuters reports, citing trade sources.
Gunvor has been selected to deliver about 10 cargoes with Trafigura to add about four.
However, the traders noted that due to the aggressive

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