State-owned Pakistan LNG launched this tender on July 1 seeking one 140,000 cbm cargo on a delivered ex-ship (DES) basis with the delivery window scheduled for July 10-11.
Two companies took part in the tender, including TotalEnergies Gas and Power and BP Singapore, Pakistan LNG’s evaluation report published on Friday shows.
TotalEnergies Gas and Power submitted the most competitive bid, offering a price of $17.3700/MMBtu, according to the document.
BP Singapore offered $17.9688/MMBtu.
Pakistan LNG did not say whether it will accept the TotalEnergies offer.
Local media reports suggest that the company has accepted the price due to the urgency to meet the country’s power demands.
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 recently submitted the most competitive bid, offering a price of $19.1337/MMBtu, for a spot LNG cargo scheduled for June 6-7.
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.
The status of the Strait of Hormuz remains unclear despite the US and Iran agreeing to a framework agreement that includes the full reopening of the Strait.
Italian energy firm Edison, a unit of EDF, said last week that it had received a new force majeure notification from QatarEnergy, affecting supplies scheduled for delivery at the Adriatic LNG terminal in Italy until early September.
