Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  PetroChina Company    601857   CNE1000007Q1

PETROCHINA COMPANY

(601857)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

PetroChina : Pakistan LNG buy tender attracts offers from Chinese, Japanese firms

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/06/2019 | 01:19am EDT

SINGAPORE (Reuters) - A spot tender by Pakistan LNG to buy 10 liquefied natural gas (LNG) cargoes for delivery in the fourth quarter received strong interest from various companies including Japanese and Chinese, according to a company document.

JERA Global Markets, a unit of the world's biggest LNG buyer JERA Co, and PetroChina International (Singapore), a part of China's top oil and gas company PetroChina Co Ltd, were among nine companies that have technically qualified to supply the LNG, according to the document.

JERA and PetroChina have traditionally been big buyers of LNG but have become more active in trading of the super-chilled fuel lately as new long-term contracts become more flexible and as buyers take on more portfolio positions as they try to optimise their trading to lower costs.

This is the first time JERA is participating in Pakistan LNG's buy tender process, two industry sources said.

This is the third time this year PetroChina has technically qualified in Pakistan LNG's tender process, according to documents posted on the company's website and reviewed by Reuters.

PetroChina is one of the four companies vying to supply 240 cargoes of LNG to Pakistan through a 10-year term tender, which is yet to be awarded.

The company had also offered to sell into a spot tender by Pakistan LNG in June for five cargoes for delivery over July to September, but did not win that contract.

Prior to PetroChina's offer, the last time a Chinese company had qualified to sell LNG to Pakistan through tender was in early 2017 when China National Offshore Oil Corp (CNOOC) offered to sell into a five-year term tender.

JERA declined to comment, while PetroChina did not respond to Reuters' email requesting for a comment.

Vitol Bahrain, BB Energy (Asia), Gunvor Singapore, SOCAR Trading, Trafigura, DXT Commodities and Eni have also qualified for Pakistan LNG's latest tender to buy 10 cargoes for delivery over October to December, according to the document.

A total of 45 bids were received, according to the document posted on Pakistan LNG's website.

The company will open the commercial and financial proposals of the qualified companies later on Friday, the document stated.

(Reporting by Jessica Jaganathan; Editing by Sriraj Kalluvila)

By Jessica Jaganathan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PETROCHINA COMPANY
09/16PETROCHINA COMPANY LIMITED : Ex-dividend day for extraordinary dividend
FA
09/16PETROCHINA COMPANY LIMITED : Ex-dividend day for interim dividend
FA
09/15Shares of Chinese Oil Giants Jump as Crude Oil Prices Rise
DJ
09/11ASIA MARKETS: Asian Markets Mostly Gain As Trade Tensions Ease
DJ
09/10NK ROSNEFT' : China CNPC skips Venezuelan oil loading for second month - sources
RE
09/09PETROCHINA : Up Over 3%, on Pace for Largest Percent Increase Since December 201..
DJ
09/08ASIA MARKETS: Asian Markets Gain As Investors Weigh Latest Economic Data
DJ
09/06Asian spot prices dip as European gas storage fills up
RE
09/06PETROCHINA : Pakistan LNG buy tender attracts offers from Chinese, Japanese firm..
RE
09/05SINOCHEM UNIT DISCUSSING BLOCKCHAIN : sources
RE
More news
Financials (CNY)
Sales 2019 2 434 B
EBIT 2019 127 B
Net income 2019 57 125 M
Debt 2019 381 B
Yield 2019 2,64%
P/E ratio 2019 19,9x
P/E ratio 2020 18,7x
EV / Sales2019 0,67x
EV / Sales2020 0,67x
Capitalization 1 255 B
Chart PETROCHINA COMPANY
Duration : Period :
PetroChina Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PETROCHINA COMPANY
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 6,34  CNY
Last Close Price 6,28  CNY
Spread / Highest target 46,5%
Spread / Average Target 0,88%
Spread / Lowest Target -45,9%
EPS Revisions
Managers
NameTitle
Yi Lin Wang Chairman
Wen Rong Xu Chairman-Supervisory Board
Shou Ping Chai Chief Financial Officer
Hong Bin Liu Non-Executive Director
Bo Qiang Lin Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PETROCHINA COMPANY-12.90%155 097
ROYAL DUTCH SHELL0.10%225 924
TOTAL1.02%134 267
PETROLEO BRASILEIRO SA PETROBRAS18.52%91 527
GAZPROM PAO (EDR)61.71%79 970
GAZPROM PAO--.--%79 970