ISLAMABAD: Pakistan LNG Limited (PLL) has awarded a contract for a spot liquefied natural gas (LNG) cargo to BP Singapore at a price of $19.1337 per million British thermal units (MMBtu), securing additional energy supplies amid continued tight conditions in the global LNG market.
The latest procurement marks Pakistan’s fifth LNG spot cargo since March 2026, reflecting ongoing efforts to ensure adequate fuel availability as the country manages rising seasonal demand and external market volatility.
According to PLL, the cargo has a volume of 140,000 cubic metres and is scheduled for delivery during the June 6–7, 2026 window at the Pakistan GasPort Consortium Limited (PGPL) terminal at Port Qasim, Karachi.
A total of five international companies submitted bids for the cargo, including Vitol Bahrain, TotalEnergies Gas & Power, SOCAR Trading, PetroChina International Singapore, and BP Singapore. After evaluation of financial offers and approval from the National Crisis Management Cell (NCMC), the contract was awarded to BP Singapore, whose bid of $19.1337/MMBtu was the lowest among the qualified proposals.
Officials said the procurement highlights Pakistan’s continued reliance on the spot LNG market to meet short-term demand requirements, particularly during periods of constrained global supply and fluctuating international prices.
Energy sector analysts note that elevated LNG spot prices reflect tightening global availability and strong regional demand, placing additional pressure on import-dependent economies like Pakistan.
Story by Khalid Mustafa
