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.

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