Pakistan seeks one spot LNG cargo

State-owned Pakistan LNG has released a new tender inviting firms to submit bids for one spot LNG shipment.

Pakistan LNG is seeking one 140,000 cbm cargo on a delivered ex-ship (DES) basis, according to a document released on Wednesday.

The delivery window is June 6-7.

Also, the potential tender winner will deliver the cargo to the FSRU BW Integrity serving Pakistan GasPort’s terminal in Port Qasim, Karachi, or the Energo Elengy facility, which uses the FSRU Exquisite.

The tender closes on June 6 at 2 p.m. (PST).

Before this tender, Pakistan LNG canceled a tender for two spot LNG cargoes due to the arrival of cheaper Qatari long-term contracted volumes.

Last month, Pakistan received LNG cargoes from Qatar via the Strait of Hormuz, the first time since the start of the Middle East conflict.

Pakistan gets most of its supplies under long-term contracts from Qatar, but also from the spot market when the prices are affordable for the country to fuel its power plants.

Spot LNG prices jumped in March amid the Middle East conflict and remain elevated due to the ongoing crisis.

QatarEnergy stopped producing LNG at its giant Ras Laffan complex on March 2 due to military attacks on its operating facilities. The LNG producer declared force majeure to its affected LNG buyers on March 4.

The LNG producer announced that it expects the damage to its Ras Laffan complex caused by missile strikes to cost about $20 billion a year in lost revenue and to take up to five years to repair, impacting supply to markets in Europe and Asia.

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