ISLAMABAD: Pakistan LNG Limited (PLL) has launched another international tender to procure a spot liquefied natural gas (LNG) cargo as the country continues efforts to ensure uninterrupted gas supplies during the peak summer demand period.
According to PLL, global energy suppliers have been invited to submit bids for the delivery of one LNG cargo scheduled for July 21-22. The bidding process will close tomorrow, after which the submitted offers will be opened and evaluated to determine the most competitive price.
The latest tender reflects Pakistan’s continued reliance on the international spot market to bridge the gap between domestic gas demand and available supplies. Energy authorities have been actively seeking LNG cargoes to maintain fuel availability for power generation, industries and household consumers.
PLL stated that the country has already secured three spot LNG cargoes for delivery in July through recent international tenders.
The LNG cargo scheduled for July 15-16 was purchased at $18.23 per million British thermal units (MMBTU), making it the most expensive among the recent purchases. Another cargo for delivery on July 10-11 was acquired at $17.37 per MMBTU.
Earlier, PLL had also procured an LNG cargo for the period between June 30 and July 4 at $16.73 per MMBTU, indicating a gradual increase in procurement prices as international LNG market conditions tightened.
Market analysts say spot LNG prices have remained volatile due to seasonal demand in Asia, weather-related factors and uncertainty in global energy markets. These fluctuations have increased procurement costs for importing countries, including Pakistan, which depends on LNG imports to supplement its domestic natural gas production.
