Pakistan has rejected three spot liquefied natural gas (LNG) offers for December 2026 and January 2027 after suppliers quoted prices ranging from $27.10 to $31 per million British thermal units (MMBtu).
State-owned Pakistan LNG Limited (PLL) declined the bids despite receiving the lowest offers from TotalEnergies Gas & Power Limited for both delivery periods.
For December deliveries, TotalEnergies quoted $27.30 per MMBtu, while QatarEnergy Trading LLC offered $31 per MMBtu. TotalEnergies submitted the lowest evaluated bid, but PLL decided not to award the cargo.
For January 2027, TotalEnergies again emerged as the lowest evaluated bidder with an offer of $27.10 per MMBtu. The proposed cargo was valued at Rs. 24.2816 billion, but PLL also rejected this offer.
Pakistan Seeks More LNG From Qatar
Meanwhile, Pakistan is negotiating with Qatar to secure additional LNG supplies at discounted rates through its existing long-term agreements as winter demand approaches.
The government’s efforts come amid concerns that disruptions in the Strait of Hormuz could affect international energy supplies and shipping routes.
Federal Petroleum Minister Ali Pervaiz Malik arrived in Qatar on Tuesday with a high-level delegation, including the Petroleum Secretary and other senior officials.
He met Qatar’s Minister of State for Energy Affairs, Saad Sherida Al-Kaabi, to discuss maximizing LNG deliveries under Pakistan’s two existing long-term supply agreements.
The discussions were confirmed through updates shared on the minister’s official X account and information from Petroleum Division sources.
PLL Extends LNG Tender Deadline
PLL issued the tender on November 4, seeking two spot LNG cargoes of 140,000 cubic metres each for delivery at Port Qasim.
The original deadline for submitting bids was November 6. However, the company extended it to November 10 after potential international suppliers requested additional time.
The offers came amid volatile international LNG market conditions, with high spot prices making additional purchases expensive for Pakistan.
The government is now seeking to secure sufficient supplies for the winter season while exploring more affordable options through its existing agreements with Qatar.
