Pakistan launches tender for six spot LNG cargoes

State-owned Pakistan LNG has released a tender inviting firms to submit bids for a total of six shipments for delivery in October and December.

Pakistan LNG offered six windows for the cargo deliveries and the tender closes on June 20, according to a document released on June 13.

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

Pakistan LNG is seeking 140,000-cbm cargoes on a delivered ex-ship (DES) basis.

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

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

The delivery windows include January 3-4, January 28-29, and February 23-24.

This tender closes on July 14.

Pakistan LNG has not issued a tender for cargoes since August last year.

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

Prior to that, it received no bids in July for a tender seeking ten spot cargoes.

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

Spot prices dropped considerably this year, prompting Pakistan and other Asian countries such as Bangladesh to return to buying spot LNG.

The JKM for July settled at $9.265 per MMBtu on Monday.

(Article updated to include a tender for three January-February 2024 cargoes.)

- Advertisements -

Most Popular

Charif Souki steps down as chairman of Tellurian

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

QatarEnergy, ExxonMobil expect first LNG from Golden Pass plant in H1 2025

Energy giants QatarEnergy and ExxonMobil are expecting to start LNG production at their Golden Pass LNG export terminal on...

Dynagas FSRU ready to start Stade job

The 174,000-cbm FSRU Transgas Force, owned by Dynagas, has left Germany's Bremerhaven and will now work as an LNG...

More News Like This

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...

Pakistan launches tender for two spot LNG cargoes

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