PLL, one of the public sector entities responsible for LNG imports, did not import any cargo last month
Pakistan LNG Limited (PLL) on Friday secured three bids of between $17.997 and $18.88 per million British thermal units (mmBtu) for the supply of liquefied natural gas between April 27 and May 8, a day after it launched urgent tenders for the import of three cargoes.
A total of four offers were received and three were declared the lowest. For the first delivery window of April 27-30, Total Energies submitted the lowest bid of $18.88 per mmBtu. Vitol Bahrain’s offer of $18.54 was declared the lowest for the May 1-7 window, while OQ Trading was the lowest bidder at $17.997 per mmBtu for May 8-14 delivery. The cargoes will transport 140,000 cubic meters of LNG delivered ex-vessel (DES).
The tender came after Qatar’s reluctance to ship LNG cargoes stranded in the Gulf due to the closure of the Strait of Hormuz. Qatar’s three LNG cargoes destined for Pakistan had earlier returned from the vital waterway for security reasons.
Last month, the Oil and Gas Regulatory Authority (Ogra) had notified a massive 19-22% increase in the price of regasified liquefied natural gas (RLNG) to $12.50-14 per mmBtu for distribution stage sales of the two Sui gas companies during the month of March.
The PLL, one of the public sector entities responsible for LNG imports, did not import any cargoes last month. In fact, it had imported a cargo a couple of months ago after a gap of almost a year at the rate of $7.65 per mmBtu through its old contract with a private entity.
