Pakistan floats tender for two spot LNG cargoes

State-owned Pakistan LNG has released a new tender inviting firms to submit bids for a total of two shipments for delivery in November.

Pakistan LNG offered two windows for the cargo deliveries, according to a tender document dated November 2.

The delivery windows include November 19-20 and November 26-27.

The importer is seeking 140,000-cbm cargoes on a delivered ex-ship (DES) basis while the tender closes on November 5.

Also, the potential tender winner will deliver the cargoes to the FSRU BW Integrity serving Pakistan GasPort’s terminal in Port Qasim, Karachi, or the Energo Elengy facility.

Local media reports suggest that this is an emergency tender as term suppliers Gunvor and Eni canceled deliveries of two November LNG cargoes.

Prior to this tender, Pakistan LNG sought eight spot LNG cargoes over the December-January period. However, it received no offers for these cargoes.

This comes at a time when spot LNG prices broke several records.

S&P Global Platts said last month that the JKM for November had reached $56.326/MMBtu, the highest level for the LNG benchmark for Asian spot LNG since Platts launched it in early 2009. The price declined in the meantime but it continues to trade around $30/MMBtu.

Pakistan has been steadily increasing its LNG imports over the years and the country plans to build several more terminals to cope with gas shortages for power generation.

Port Qasim currently hosts two LNG import facilities both utilizing floating storage and regasification units.

The country’s first terminal started operations back in 2015 utilizing Exclerate’s FSRU while the second floating LNG import facility uses FSRU BW integrity.

Most Popular

US FERC issues final SEIS for Commonwealth LNG’s project

The US Federal Energy Regulatory Commission (FERC) has released a final supplemental environmental impact statement for Commonwealth LNG's proposed LNG export plant in Louisiana. The regulator concluded that National Ambient Air Quality Standards (NAAQS) exceedances for 1-hour NO2 may be significant.

Pilot, Seapath secure final permits for Galveston LNG bunkering facility

Pilot LNG and Libra Group’s maritime unit Seapath have received final construction permits for their planned LNG bunkering facility in Galveston, Texas. The partners plan to take a final investment decision on the project in mid-2025.

TotalEnergies seals Ksi Lisims LNG deal

French energy giant TotalEnergies has signed a 20-year deal with Ksi Lisims LNG to buy LNG from the latter's planned export project in Canada. In addition, TotalEnergies will acquire a 5 percent stake in Houston-based Western LNG, the developer, shareholder, and future operator of the Ksi Lisims LNG project.

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...