Pakistan to source six LNG cargoes in May-June
State-owned Pakistan LNG (PLL) will source a total of six spot LNG cargoes in May and June, according to a document published on its website on April 21.
The company will procure four cargoes in May and two in June. It received bids for six spot LNG cargoes in the range of $24.15-31.778/mn Btu. PLL issued the tender on April 17 and opened the bids on April 21.
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TotalEnergies will supply three cargoes, QatarEnergy will supply two, and Vitol secured a deal for one spot cargo.
PLL had floated six tenders for the supply of three spot cargoes each in May and June and followed up with another emergency tender for the supply of one cargo in May. According to Dawn newspaper, the emergency tender was floated as the company’s long-term trading suppliers continuously defaulted on their contracts.