KARACHI: Pakistan LNG Limited (PLL) has rejected an emergency spot LNG cargo bid for September after the sole offer came in at $26.969 per million British thermal units (MMBtu), as the state-owned company seeks supplies to cover shortages arising from disruptions to Qatari LNG.
An evaluation report issued by PLL showed that BP Singapore was the only bidder for the September 4-8 delivery window and had technically qualified. However, its offer of $26.969/MMBtu was rejected due to the high price.
PLL had sought a spot cargo of 140,000 cubic metres of LNG for delivery at Port Qasim, Karachi, between September 4 and 8.
The tender was issued on August 30, with bids due on September 1. The cargo quantity was set at 140,000 cubic metres, subject to a 5% tolerance, on a Delivered Ex-Ship (DES) basis.
Following the rejection, PLL has re-advertised a tender seeking one spot LNG cargo from international suppliers for delivery at Port Qasim between September 8 and 12, 2026.
Bids for the fresh tender are scheduled to open on September 4.
PLL is a government-owned entity responsible for procuring LNG from international markets and arranging its onward supply to end users.
Pakistan has been seeking alternative LNG supplies after QatarEnergy, a long-term supplier to the country, declared force majeure following Iranian attacks on two of its main facilities in March that halted production.
The disruption has forced Pakistan to turn to the spot market to cover part of the resulting supply shortfall.
