Pakistan State Oil Company Floats Tender for LNG Supply

Pakistan State Oil Company on Monday launched its first tender for supply of LNG.

In the tender notice published on its website, the state owned firm said that it is looking to buy four cargoes of LNG of 143,000 cubic metres each during the period June to September.

Bids are to be submitted by June 9 and will be valid until June 18.

Pakistan State Oil Company Limited (PSO) received its first ever LNG shipment from Qatar in March this year. The FSRU Exquisite, carrying 148,000 cubic metres of LNG arrived at the Elengy Terminal at the end of March.

According to Qatargas, both parties, Qatargas and PSO, are in continuous discussions for a longer term Sales and Purchase Agreement to supply LNG to Pakistan.

Pakistan has been facing severe gas shortage due to increasing demand for electricity from households as well as industrial consumers. To fill the gap, the South Asian nation is trying to source gas from various sources.