BP Singapore wins Pakistan’s latest spot LNG tender with $18.23/MMBtu bid

British Petroleum (BP) Singapore has secured Pakistan’s latest spot LNG contract after submitting the lowest bid of $18.2345 per MMBtu for a 140,000-cubic-metre cargo scheduled for delivery on July 15-16 at the Pakistan GasPort Consortium Limited (PGPCL) terminal at Port Qasim, Karachi.

The award marks Pakistan’s fifth spot LNG purchase since March. 

Pakistan LNG Limited (PLL) received three technically and commercially responsive bids from international suppliers. BP Singapore offered the lowest price of $18.2345 per MMBtu, followed by PetroChina International at $18.5991 per MMBtu and TotalEnergies at $18.7200 per MMBtu.

PLL had invited bids on July 9, 2026, for one spot LNG cargo. 

Meanwhile, SK Resolute, carrying a spot LNG cargo awarded to TotalEnergies at $17.37 per MMBtu, is scheduled to arrive at the PGPCL terminal on July 11. It follows the arrivals of ARADA on July 4, BW Helios on June 9, and Seapeak Magellan on April 30. With the arrival of SK Resolute, Pakistan will have received four spot LNG cargoes this year, while the BP Singapore shipment will raise the total to five.

Pakistan has also continued to receive LNG cargoes under its long-term government-to-government agreement with QatarEnergy, despite disruptions caused by the regional conflict that began on February 28, 2026.

Since the conflict started, the country has received five-term LNG cargoes that were loaded before the disruption but reached Pakistan after delays due to the regional security situation. 

Supplied by QatarEnergy, these cargoes were priced at 13.37% of the Brent crude benchmark, making them significantly cheaper than spot purchases.

With the arrival of the BP Singapore cargo in mid-July, Pakistan’s total LNG imports this year will reach 10 cargoes, reflecting the government's continued use of spot procurement to maintain gas supplies despite higher prices than long-term contracted volumes.