PLL floats tender for procurement of LNG cargo

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ISLAMABAD: Pakistan LNG Limited (PLL) has floated a spot tender for the supply of one LNG cargo in February 2020 on a Delivered Ex-Ship (DES) basis at Port Qasim.

According to details, bids have been invited from reputed international suppliers for the supply of LNG through a master sale and purchase agreement (MSPA). The deadline for submissions of the bids is 17 December 2019, while date of announcement of bid evaluation result is 18 December 2019.

PLL will evaluate each commercial offer based on the lowest percentage of Brent (as defined in section 4.7.1 of the bid document) offered by any compliant bidder for that LNG cargo. The delivery of the LNG cargo would be on 15-17 February 2020.

As per the documents available with this scribe, PLL shall have the right at any time to cancel this tender process or to reject all bids in accordance with Rule 33 (1) of PPRA Rules. In case of cancellation of the tender process, the bid bond will be returned to the bidder within five business days without any interest or accrual thereon.

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