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State-owned Pakistan LNG launched this tender on July 17, seeking one 140,000 cbm cargo on a delivered ex-ship (DES) basis with the delivery window scheduled for July 27-28.
TotalEnergies Gas and Power offered a price of $21.8800/MMBtu, according to Pakistan LNG’s evaluation report.
Pakistan LNG did not say whether it would accept the TotalEnergies offer.
Local media reports previously suggested that the company has accepted all recent offers for spot LNG cargoes due to the urgency of meeting the country’s power demands.
The TotalEnergies bid is the highest price Pakistan LNG would pay for a spot cargo this year.
PetroChina International recently submitted the lowest bid in a tender to supply Pakistan with one spot LNG shipment during July 21-22.
The company offered a price of $20.6999/MMBtu.
Earlier this month, BP Singapore submitted the lowest bid in a tender to supply Pakistan with one spot LNG shipment on July 15-16. BP Singapore offered a price of $18.2345/MMBtu.
In addition, TotalEnergies submitted the lowest bid in a tender to supply Pakistan with one spot LNG shipment on July 10-11. TotalEnergies Gas and Power offered a price of $17.3700/MMBtu.
This newest tender follows a projectile attack on Nakilat’s Q-Flex LNG carrier Al Rekayyat while transiting the Strait of Hormuz on July 7 and new strikes exchanged between the US and Iran.
Pakistan gets most of its supplies under long-term contracts from Qatar.
In May, Pakistan received three LNG cargoes from Qatar via the Strait of Hormuz, the first time since the start of the Middle East conflict.
Kpler said last week that no LNG carriers have transited the Strait of Hormuz since July 11, as the security situation around the strategic waterway continues to deteriorate following Iranian attacks on commercial vessels and subsequent military exchanges between Iran and the US.
