State-owned Pakistan LNG launched this tender last Wednesday seeking one 140,000 cbm cargo on a delivered ex-ship (DES) basis with the delivery window scheduled for July 15-16.
Three companies took part in the tender, including BP Singapore, TotalEnergies, and PetroChina International, Pakistan LNG’s evaluation report published on Friday shows.
BP Singapore submitted the most competitive bid, offering a price of $18.2345/MMBtu, according to the document.
TotalEnergies offered a price of $18.7200/MMBtu, while PetroChina offered a price of $18.5991/MMBtu
Pakistan LNG did not say whether it would accept the BP offer, but reports suggest the company has accepted the price due to the urgency of meeting the country’s power demands.
Two weeks ago, a unit of French energy giant TotalEnergies submitted the lowest bid in a tender to supply Pakistan with one spot LNG shipment on July 10-11.
TotalEnergies Gas and Power offered a price of $17.3700/MMBtu.
Before this tender, BP Singapore submitted the lowest bid in a tender to supply Pakistan with one spot LNG shipment during June 30-July 4.
BP Singapore offered a price of $16.7372/MMBtu.
The BP unit also submitted the most competitive bid, offering a price of $19.1337/MMBtu, for a spot LNG cargo scheduled for June 6-7.
This newest tender follows a projectile attack on Nakilat’s Q-Flex LNG carrier Al Rekayyat while transiting the Strait of Hormuz last Tuesday.
The vessel is loaded with LNG from the giant QatarEnergy-operated Ras Laffan LNG complex, which was attacked in March this year.
Pakistan gets most of its supplies under long-term contracts from Qatar.
In May, Pakistan received three LNG cargoes from Qatar via the Strait of Hormuz, the first time since the start of the Middle East conflict.
