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

Glenfarne still expects Texas LNG FID by end of this year

US energy firm Glenfarne confirmed it is targeting a final investment decision on its planned 4 mtpa Texas LNG export project in the port of Brownsville by the end of 2025 after the US FERC issued the final supplemental environmental impact statement for the project.

Kosmos: Tortue FLNG to hit full capacity in Q4

UK-based energy giant BP and its partners expect the 2.7 mtpa Golar FLNG Gimi, which serves the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, to reach its nameplate capacity in the fourth quarter of this year, according to US-based Kosmos Energy.

Equinor’s Hammerfest LNG back online after maintenance

Norwegian energy firm Equinor has resumed operations at its 4.3 mtpa Hammerfest LNG export plant following an extended maintenance shutdown, a spokesperson for Equinor told LNG Prime on Monday.

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...