ISLAMABAD: PetroChina International has secured Pakistan’s latest spot liquefied natural gas (LNG) contract after submitting the lowest bid to supply a 140,000-cubic-metre LNG cargo at US$20.6999 per million British thermal units (MMBtu).
The cargo is scheduled for delivery on July 21–22 and marks Pakistan’s sixth spot LNG procurement through competitive bidding since late February. It is also the highest-priced spot LNG cargo purchased during this period, reflecting continued volatility in global LNG markets driven by regional geopolitical tensions.
According to official sources, Pakistan LNG Limited (PLL) received two bids in response to its tender issued on July 14 for the procurement of a single LNG cargo.
PetroChina International emerged as the lowest bidder with an offer of US$20.6999 per MMBtu, while BP Singapore submitted the second-lowest bid at US$21.3737 per MMBtu.
Following technical and commercial evaluations, both bids were declared responsive. PetroChina was subsequently awarded the contract after offering the most competitive financial bid.
The latest procurement underscores Pakistan’s continued reliance on spot market purchases to meet domestic gas demand despite elevated international LNG prices and ongoing uncertainty in global energy markets.
Story by Khalid Mustafa
