Pakistan Returns to Expensive LNG Market for Another Urgent Delivery

Pakistan LNG Limited (PLL) has issued a fresh tender to procure one liquefied natural gas (LNG) cargo for delivery on July 10 and 11, as the country continues efforts to secure fuel supplies amid disruptions to regional LNG markets.

According to the tender notice, PLL has invited bids from international suppliers for one LNG cargo of 140,000 cubic meters, with a tolerance of plus or minus 10 percent, to be delivered on a Delivered Ex Ship (DES) basis at Port Qasim, Karachi. Bid documents will be available until July 3.

The latest tender comes just days after Pakistan secured an emergency LNG cargo from BP for prompt delivery. The cargo was reportedly purchased at $16.74 per million British thermal units (mmBtu), above prevailing Asian spot prices, reflecting tighter regional supply conditions.

Pakistan has been seeking additional LNG cargoes following disruptions to supplies from Qatar caused by the recent conflict in the Middle East. The country has issued multiple spot tenders in recent months, with some receiving no bids or offers considered too expensive because of elevated global LNG prices.

The additional cargo is expected to help meet domestic gas demand and ease pressure on the country’s power sector as electricity consumption rises during the summer months.