Pakistan LNG Ltd (PLL) received a single bid from Qatar Energy at $39.80/mmbtu for a liquefied natural gas (LNG) import tender seeking a cargo in the July 30-31 window, Reuters reported on Thursday.
The country had sought four cargoes from international suppliers during the windows of July 3-4, 8-9, 25-26, and 30-31 but no bids were received for three other deliveries.
Earlier in the month, PLL had disqualified two bids it received for a tender seeking one spot cargo of LNG for delivery in early July for technical reasons.
Pakistan LNG Limited (PLL) had awarded a tender to PetroChina for the delivery of two LNG spot cargoes in June. PetroChina offered the lowest bids of $23.96/mmbtu for June 1-2 delivery and $22.49/mmBtu for June 28-29 delivery.
Pakistan had accepted the highest ever price of $30.65/mmbtu from Qatar Petroleum last year to avert a potential gas crisis in winter.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan