Pakistan get no bids in latest LNG tender
State-owned Pakistan LNG (PLL) on October 3 said it got no bids in its latest tender seeking a total of 72 LNG shipments.
The tender was originally floated in August in two parts. In the first part, bids were invited for one year — from December 2022 to December 2023 under which one cargo would be delivered every month. Under the second part, Pakistan wanted 60 LNG cargoes for five years starting from January 2024 to December 2028 — one cargo every month.
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The company later extended the bid submission date from September 14 to October 3 and made changes to the delivery period. PLL is now seeking 24 LNG cargoes from January 2023 to December 2024 and 48 LNG cargoes from January 2025 to December 2028.
According to a document posted on the company’s website, PLL has got no bids for both delivery periods.
Pakistan gets most of its LNG from Qatar under long-term contracts and from the spot markets. In recent months, PLL tenders have been unable to attract much interest. The lack of adequate gas supplies has created a power crisis in the country.