No bids in Pakistan LNG’s tender for 72 shipments

State-owned Pakistan LNG said it had received no offers for its latest tender seeking bids for a total of 72 LNG shipments.

Pakistan LNG announced this two-part tender in August for one LNG cargo per month over six years. After that, it extended the bid submission deadline from September 14 to October 3 and also made some other adjustments.

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

Pakistan LNG’s five-year deal with trader Gunvor for one cargo per month expired in July this year. The company also has a deal with Italy’s Eni until 2032.

Pakistan gets most of its supplies under long-term contracts from Qatar and on the spot market, but this year prices surged and Europe took most of the available spot supplies.

The JKM LNG price for November currently trades at about $39/MMBtu.

In July, Pakistan LNG did not receive any bids for a tender seeking ten spot LNG cargoes for July-September.

Prior to this, Pakistan did not manage to secure much-needed LNG supplies to fuel its power plants in three tenders as well.

Most Popular

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

NextDecade, Jera seal 20-year LNG SPA

Japan's Jera has signed a 20-year deal to buy liquefied natural gas from the planned fifth train at NextDecade's Rio Grande LNG facility in Texas.

Australia’s Viva Energy gets OK for Geelong LNG import terminal

Australia’s Viva Energy has secured approval from the Victorian government for its proposed FSRU-based LNG import terminal in Geelong, Australia.

More News Like This

Azerbaijan, Pakistan extend LNG supply deal

State-owned Pakistan LNG and Azerbaijan’s Socar agreed to extend their existing liquefied natural gas (LNG) supply and purchase deal.

Excelerate: Pakistan FSRU wraps up 600th STS LNG transfer

The 150,900-cbm FSRU Exquisite, jointly owned by US FSRU player Excelerate Energy and Qatari LNG shipping giant Nakilat, has...

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...