PLL, one of the public entities responsible for LNG imports, did not import any cargo last month
Pakistan LNG Limited (PLL) on Friday secured three bids at $17.997 to $18.88 per million British thermal units (mmBtu) for the supply of liquefied natural gas between April 27 and May 8, a day after it issued urgent tenders for the import of three cargoes.
A total of four bids were received and three were declared the lowest. For the first delivery window 27-30 In April, Total Energies submitted the lowest bid of $18.88 per mmBtu. Vitol Bahrain’s bid of $18.54 was declared the lowest for the 1-7 period. May, while OQ Trading was the lowest bidder at $17,997 per mmBtu for delivery between May 8 and 14. The cargo will carry 140,000 cubic meters of LNG delivered ex-ship (DES).
The offer came after Qatar’s reluctance to send LNG-laden cargoes stranded in the Gulf due to the closure of the Strait of Hormuz. Qatar’s three LNG cargoes destined for Pakistan had earlier turned back from the vital waterway due to security concerns.
Last month, the Oil and Gas Regulatory Authority (Ogra) had announced a massive 19-22% increase in the price of regasified liquefied natural gas (RLNG) to $12.50-$14 per mmBtu for sale at the distribution stage by the two Sui gas companies in the month of March.
PLL, one of the public entities responsible for LNG imports, did not import any cargo last month. In fact, it had imported a cargo a few months ago after a gap of almost a year at a rate of $7.65 per mt. mmBtu through its old contract with a private entity.
