Akbar Associates has won the bid for constructing the second liquefied natural gas (LNG) terminal in Pakistan by offering the lowest tariff of 49.87 cent per million British Thermal Unit (mmbtu) for the LNG terminal.
The board of Sui Southern Gas Company (SSGC) made the decision in a meeting held on Friday, say officials. The company will award the contract after finalizing the arrangements in the next 10 days.
A day ago, SSGC had shortlisted two bidders – Pakistan Gas Port Limited and Akbar Associates – for building the second terminal for handling LNG imports.
According to the evaluation criteria, Pakistan Gas Port Limited (PGPL) and Gunvor obtained
a score of 89.3 from SSGC consultant AF Capital, while Akbar Associates got a score of 74.73.
Both bidders have been declared technically qualified and have entered the final round of bidding. Engro’s Elengy Terminal Pakistan Limited
(ETPL), which assembled the nation’s first LNG terminal
in March, got a score of 61.9 and did not qualify as bidders were obliged to get no less than 70 imprints.