AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,394 Increased By 99.2 (1.36%)
BR30 24,121 Increased By 266.7 (1.12%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)

SINGAPORE: Pakistan has issued two tenders seeking spot liquefied natural gas (LNG) cargoes for the first time in nearly a year, said an official with a company in charge of buying LNG for the country.

Pakistan LNG (PLL), a government subsidiary that procures LNG from the international market, in the first tender is seeking six cargoes on a delivered-ex-ship (DES) basis to Port Qasim in Karachi in October and December, said the official on Tuesday.

The delivery windows are Oct. 5-6, 20-21 and 31, and Dec. 7-8, 13-14 and 24-25.

The tender will close on June 20.

A second tender seeking three cargoes, also on DES basis to Port Qasim, has delivery windows of January 3-4, 28-29 and February 23-24.

The second tender closes on July 14. Pakistan LNG last issued a tender seeking 10 spot cargoes in July 2022, but it received no offers.

Dependent on gas for power generation, the country has struggled to procure spot cargoes of LNG after global prices spiked last year following Russia’s invasion of Ukraine, leaving it to face widespread power outages.

Asian spot LNG prices this year have eased from record highs hit in August, however, prompting Pakistan to issue the new tenders.

Pakistan has two long-term supply deals with Qatar, one signed in 2016 for 3.75 million metric tons of LNG a year, and another signed in 2021 for 3 million metric tons a year.

It also has an annual portfolio contract with ENI for 0.75 million metric tons a year.

ENI unable to deliver Feb LNG cargo to Pakistan, declares force majeure

In 2022, Pakistan’s imports of LNG slowed to 6.93 million metric tons for the year, down from 8.23 million metric tons in 2021, according to data from data analytics group Kpler.

Comments

Comments are closed.

Tulukan Mairandi Jun 13, 2023 03:27pm
Nobody wanna sell to Pakistan
thumb_up Recommended (0)
WarrenDesiBuffet Jun 13, 2023 04:47pm
Who will bid when we will be in default by wintee without IMF deal thanks to Dar's arrogance and failure. What was so wrong with keeping Dr Miftah in place once he had delivered?
thumb_up Recommended (0)