Pakistan LNG Limited awards spot cargo for June to BP Singapore at $19.13/MMBtu

Pakistan LNG Limited (PLL) has awarded a spot liquefied natural gas (LNG) cargo contract to BP Singapore at a price of $19.1337 per million British thermal units (MMBtu), according to details released by the company.

The cargo, with a capacity of 140,000 cubic metres, is scheduled for delivery on June 6-7, 2026, at the Pakistan GasPort Consortium Limited (PGPL) terminal at Port Qasim, Karachi.

PLL received five bids for the cargo from Vitol Bahrain, TotalEnergies Gas & Power, SOCAR Trading, PetroChina International Singapore and BP Singapore.

Following the evaluation of financial proposals and approval from the National Crisis Management Cell (NCMC), PLL selected BP Singapore after its offer of $19.1337 per MMBtu emerged as the lowest among the qualified bids.

The procurement is part of Pakistan's efforts to secure LNG supplies through the spot market to meet domestic energy requirements.

The cargo will be delivered through the PGPL terminal, one of the country's key LNG import facilities handling regasified LNG supplies for the national gas network.