Commodity trader Gunvor submitted the lowest bids for four out of five liquefied natural gas (LNG) cargoes that Pakistan LNG had sought for delivery in January through a tender, a document on the Pakistani company's website showed.

DXT Commodities offered the lowest bid to supply the remaining cargo, according to the document.

The prices offered ranged from 9.49% of Brent crude oil prices for an early January cargo to 9.79% for a late January cargo, both submitted by Gunvor.

Prices offered into the last spot tender issued by Pakistan LNG ranged from 8.3% of Brent crude oil prices for a late October cargo to 10.9% of Brent for a late December cargo. Other companies which had technically qualified in the latest tender include SOCAR Singapore, PetroChina International and Trafigura.