Pakistan LNG Limited (PLL) has issued another spot tender to procure a liquefied natural gas (LNG) cargo for delivery on July 10-11 as Pakistan continues to bolster fuel supplies amid ongoing disruptions in regional LNG markets.
According to the tender, PLL is seeking 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 remain available until July 3.
The move comes only days after Pakistan secured an emergency LNG cargo from BP for prompt delivery. The shipment was reportedly purchased at $16.74 per million British thermal units (mmBtu), a premium to prevailing Asian spot prices, highlighting tighter supply conditions in the regional LNG market.
Pakistan has stepped up spot LNG purchases after supply disruptions linked to the recent Middle East conflict affected cargo availability from Qatar. In recent months, the country has floated several spot tenders, some of which attracted no offers or bids that were deemed too expensive because of elevated global LNG prices.
The additional cargo is expected to support domestic gas availability and help meet higher fuel requirements for power generation as electricity demand increases during the peak summer season.
