Pakistan launches spot LNG tender

State-owned Pakistan LNG has released a new tender inviting firms to submit bids for one spot liquefied natural gas shipment for delivery next week to meet the country's gas requirements amid disruptions caused by the ongoing Middle East crisis.

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

The delivery window is July 21-22.

Moreover, 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 July 15 at 2:30 p.m. (PST).

Last week, a unit of UK-based energy giant BP submitted the lowest bid in a tender to supply Pakistan with one spot LNG shipment on July 15-16.

BP Singapore offered a price of $18.2345/MMBtu.

Earlier this month, 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.

This new tender follows a projectile attack on Nakilat’s Q-Flex LNG carrier Al Rekayyat while transiting the Strait of Hormuz on July 7 and new strikes exchanged between the US and Iran in the last three days.

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.

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