ISLAMABAD: Pakistan LNG Limited (PLL) has rejected an emergency spot LNG cargo bid for September after the sole offer was deemed too expensive, prompting the state-owned company to seek fresh bids to meet supply requirements.
According to PLL’s evaluation report, BP Singapore was the only bidder for a 140,000-cubic-metre LNG cargo scheduled for delivery at Port Qasim between September 4 and 8. The company technically qualified but quoted $26.969 per million British thermal units (MMBtu), a price that PLL did not accept.
PLL has subsequently re-tendered for another spot LNG cargo of the same quantity on a Delivered Ex-Ship (DES) basis for delivery between September 8 and 12, 2026. The new bids are scheduled to be opened on September 4.
The government-owned LNG procurement company had issued the original tender on August 30, inviting reputable international suppliers to provide an emergency cargo to help address a shortfall in domestic LNG supplies.
The procurement comes amid disruptions to Pakistan’s long-term LNG supplies from Qatar. QatarEnergy, a key supplier to Pakistan, declared force majeure following attacks on two of its major facilities in March, which disrupted production and reduced scheduled supplies.
With the supply gap putting additional pressure on Pakistan’s energy system, PLL has been turning to the international spot market to secure additional LNG cargoes and maintain adequate gas availability for domestic consumers and power generation.
The latest re-tender reflects the government’s efforts to secure replacement supplies while seeking more competitive prices in the international LNG market.
Story By Wasim Iqbal
