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State-owned Pakistan LNG launched this tender on Saturday seeking one 140,000 cbm cargo on a delivered ex-ship (DES) basis with the delivery window scheduled for June 30-July 4.
Only BP Singapore submitted an offer for the shipment, according to Pakistan LNG’s evaluation report published on Monday.
BP Singapore offered a price of $16.7372/MMBtu.
Pakistan LNG did not say whether it would accept the BP offer, but reports suggest the company has accepted the price due to the urgency of meeting the country’s power demands.
Before this tender, Pakistan LNG canceled a tender seeking one cargo for delivery during June 21-21, while BP Singapore also recently submitted the most competitive bid, offering a price of $19.1337/MMBtu, for a spot LNG cargo scheduled for June 6-7.
Pakistan LNG also canceled a tender for two spot LNG cargoes due to the arrival of cheaper Qatari long-term contracted volumes.
In May, Pakistan received three LNG cargoes from Qatar via the Strait of Hormuz, the first time since the start of the Middle East conflict.
Pakistan gets most of its supplies under long-term contracts from Qatar, but also from the spot market when the prices are affordable for the country to fuel its power plants.