PLL receives four bids for spot LNG cargoes amid supply pressure
Lowest offer at $17.997/MMBtu for May delivery as Pakistan seeks three cargoes for late April, early May supply
Pakistan LNG Limited has received four bids from international suppliers for the spot purchase of liquefied natural gas (LNG) cargoes as it moves to secure supply for the upcoming weeks.
The company had issued an urgent tender for three LNG cargoes of around 140,000 cubic metres each to meet immediate power demand following recent supply disruptions and load-shedding.
The cargoes are being procured on a delivered-ex-ship basis for delivery at Port Qasim, with scheduled delivery windows of April 27–30, May 1–7, and May 8–14.
For the April 27–30 window, TotalEnergies Gas & Power Limited submitted the lowest bid at $18.880 per MMBtu.
In the May 1–7 window, Vitol Bahrain quoted $18.540 per MMBtu.
For the May 8–14 delivery, OQ Trading offered the lowest bid at $17.997 per MMBtu, undercutting Vitol Bahrain’s $18.740 per MMBtu.
The tender closed on April 24, with bids reflecting continued volatility in LNG markets amid global supply disruptions.
Separately, SOCAR has indicated readiness to supply LNG to Pakistan under a 2025 framework agreement, which allows expedited procurement through SOCAR Trading.
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