State-owned Pakistan LNG has scrapped a tender for one July cargo after two bidders did not meet the technical requirements.
Pakistan LNG launched the tender on May 31 for one spot LNG delivery during July 3-4. Deadline for submissions was June 3.
The firm said in a report posted on its website that it had disqualified an offer from TotalEnergies Gas and Power as the latter did not submit a bid bond.
Also, Pakistan LNG said it had disqualified ENOC Singapore’s offer because it did not provide “proof of delivery of eight LNG cargoes”.
Pakistan LNG did not provide any additional information.
Local media reports suggest the firm would issue a new tender for the sole July cargo.
Prior to this tender, a unit of PetroChina submitted the lowest bids in a tender to supply Pakistan with two spot LNG shipments in June.
The firm offered a price of $23.968/MMBtu for the first shipment and $22.498/MMBtu for the second shipment.
Pakistan LNG issued several tenders this year as the country looks to secure much-needed supply to fuel its power plants.
Port Qasim currently hosts two LNG import facilities both utilizing floating storage and regasification units.
However, the country plans to build several more LNG terminals to cope with gas shortages for power generation.
GIIGNL data shows that Pakistan imported 8.9 million tons of LNG last year, up by 10.5 percent. The majority of these supplies came from Qatar as part of long-term deals.
