Pakistan floats two tenders for spot LNG cargoes

State-owned Pakistan LNG (PLL) has announced its intention to secure nine LNG cargoes during October, December, January 2024, and February 2024, according to two tender documents published on its website on June 13.

The first tender, set to close on June 20, seeks six cargoes on a delivered-ex-ship (DES) basis for the October and December delivery windows. The specified delivery dates include October 5-6, 20-21, and 31, as well as December 7-8, 13-14, and 24-25.

Simultaneously, PLL issued a second tender, closing on July 14, for three cargoes on a DES basis. These cargoes are intended for delivery during the windows of January 3-4, 28-29, and February 23-24.

This marks the first time Pakistan has issued tenders for LNG cargoes since July 2022, when PLL's previous tender for 10 spot cargoes received no offers. The country has faced challenges in sourcing LNG throughout the majority of last year due to high prices. The resulting gas shortage has had adverse effects on the country, leading to frequent blackouts and impacting industrial activities.

Pakistan has two import terminals – one operated by Pakistan GasPort and one by Elengy. Both are at Port Qasim near Karachi.