Pakistan gets no bids for eight LNG cargoes
State-owned Pakistan LNG (PLL) has received no bids for its tender seeking eight cargoes in December and January, according to a document published by the company. The tender closed on October 11.
PLL was seeking LNG cargoes for delivery on December 6-7, December 10-11, December 15-16, December 26-27, January 14-15, January 19-20, January 24-25, and January 29-30.
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According to Pakistani newspaper Dawn, a lack of spot LNG will lead to a shortfall of about 400mn ft3 of gas each month. Normally gas consumption in Pakistan almost triples during peak winter.
The government said that the early start of a second term contract with Qatar for additional LNG would partially bridge the gap, Dawn reported. State-owned Pakistan State Oil entered into a new long-term supply contract with Qatar Petroleum, with supplies starting in January 2022. The government hopes to address the remaining gap through demand management.
Pakistan has two import terminals – one operated by Pakistan GasPort and one by Elengy. Both are at Port Qasim near Karachi.