Pakistan OMC's_LNG still soaring; refining margins tank , (AKD Daily, Sep 22, 2022)
AKD Daily
Pakistan OMC's: LNG still soaring; refining margins tank
- With the Ukraine-Russia conflict proving to be detrimental to pipeline-quality natural gas supply, particularly to Europe, the race to procure RLNG has seen unprecedented vigour.
- Ever since buyers from Europe have entered the RLNG market, Asian countries like Pakistan have found it tough to outbid them in the race to procure the much sought-after vessels
- In this backdrop, Pakistan LNG Limited, one of the two RLNG importers in the country, has only procured 2 cargoes in past three months, as its long term supply contracts are not being upheld by suppliers in Italy (ENI) and Switzerland (Gunvor).
- Global prices of diesel and petrol continue to fall sharply, down 41% and 29% from peaks in June’22, to stand at $US91/123 per bbl. for Gasoline/Gasoil, respectively (source: Singapore Refined product PLATTS).
- In the near term, refined product supply and demand are expected to remain neck-to-neck in the near term, as total refining capacity deficit stands at 3.8mn bpd in Sept’22.
AKD Research
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.