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State-owned Pakistan LNG launched this tender on Wednesday seeking one 140,000 cbm cargo on a delivered ex-ship (DES) basis with the delivery window scheduled for June 6-7.
Five companies took part in the tender, including Vitol Bahrain, TotalEnergies Gas and Power, Socar Trading, BP Singapore, and PetroChina International Singapore, Pakistan LNG’s evaluation report published on Thursday shows.
PetroChina International Singapore was technically disqualified as the received bid “is not for the 6-7 June 2026 delivery window,” Pakistan LNG said.
BP Singapore submitted the most competitive bid, offering a price of $19.1337/MMBtu, according to the document.
Vitol Bahrain offered $19.1350/MMBtu, TotalEnergies Gas and Power offered $19.8400/MMBtu, and Socar Trading offered $19.9422/MMBtu.
Pakistan LNG did not say whether it will accept the BP offer.
Local media reports suggest that the company has accepted the price due to the urgency to meet the country’s power demands.
Before this tender, Pakistan LNG canceled a tender for two spot LNG cargoes due to the arrival of cheaper Qatari long-term contracted volumes.
Last month, Pakistan received three LNG cargoes from Qatar via the Strait of Hormuz, the first time since the start of the Middle East conflict.
Pakistan gets most of its supplies under long-term contracts from Qatar, but also from the spot market when the prices are affordable for the country to fuel its power plants.
Spot LNG prices jumped in March amid the Middle East conflict and remain elevated due to the ongoing crisis.
QatarEnergy stopped producing LNG at its giant Ras Laffan complex on March 2 due to military attacks on its operating facilities. The LNG producer declared force majeure to its affected LNG buyers on March 4.
The LNG producer announced that it expects the damage to its Ras Laffan complex caused by missile strikes to cost about $20 billion a year in lost revenue and to take up to five years to repair, impacting supply to markets in Europe and Asia.