No bids in Pakistan LNG’s tender for six shipments

State-owned Pakistan LNG said it had received no offers for its tender seeking bids for a total of six spot LNG shipments.

The firm released this tender on June 13 for delivery in October and December and said it will close on June 20.

The delivery windows included October 5-6, October 20-21, October 31, December 7-8, December 13-14, and December 24-25.

However, Pakistan LNG said in an evaluation report posted on Tuesday it had received no offers for these cargoes.

Pakistan LNG did not provide any additional information.

Besides this tender, Pakistan LNG also launched another tender on June 20 for three spot cargoes with delivery over January-February 2024.

This tender closes on July 14.

Prior to these tenders, Pakistan LNG has not issued a tender for cargoes since August last year.

Spot LNG prices dropped considerably this year, promting the country to return to the spot market in order to secure gas supplies for its power plants.

In October last year, Pakistan LNG said it had received no offers for its tender seeking bids for a total of 72 LNG shipments.

Also, it received no bids in July for a tender seeking ten spot cargoes.

Pakistan currently imports LNG via the FSRU BW Integrity which serves Pakistan GasPort’s terminal in Port Qasim, Karachi, and the Energo Elengy facility, served by the FSRU Exquisite.

- Advertisements -

Most Popular

Karpowership, Petrobras ink LNG pact

Turkey’s Karpowership, part of Karadeniz, and Brazil’s state-owned energy firm Petrobras have signed a memorandum of intent to combine...

Sempra updates on Port Arthur LNG work

US LNG exporter Sempra and compatriot engineering and construction firm Bechtel are moving forward with construction on the first...

VTTI to buy 50 percent stake in UK’s Dragon LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, has entered into a deal with infrastructure manager,...

More News Like This

Gunvor, Pakistan settle LNG supply dispute

Geneva-based energy trader Gunvor has resolved a dispute with state-owned Pakistan LNG over issues related to contracted LNG supplies. "Gunvor...

OQ Trading submits lowest bid in Pakistan LNG tender

Oman’s state-owned firm OQ Trading has submitted the lowest bid in a tender to supply Pakistan with one spot...

Pakistan launches tender for one spot LNG cargo

State-owned Pakistan LNG has released a tender inviting firms to submit bids for one spot LNG shipment for delivery...

Trafigura, Vitol offer spot LNG cargoes to Pakistan

State-owned Pakistan LNG has received offers for spot liquefied natural gas shipments from traders Trafigura and Vitol following a...