Pakistan LNG reissues tender for December, January cargoes

Pakistan LNG Limited (PLL) reissued a tender on November 12 for two spot liquefied natural gas (LNG) cargoes for delivery to Port Qasim, Karachi, in December and January, after rejecting expensive earlier offers as it seeks to meet winter gas demand.

Why was the Pakistan LNG tender reissued?

The earlier tender drew three bids: two for December and one for January. PLL rejected them after suppliers quoted prices of about USD 27 to USD 31 per million British thermal units (MMBtu). The company is now seeking fresh offers for the same delivery windows.

The company had previously extended the bidding deadline from November 6 to November 10.

When are the LNG cargoes scheduled for delivery?

Under the fresh tender, international suppliers have until November 18 to submit bids, which are scheduled to be opened on the same day.

The first cargo is required between December 14 and 16, 2026, while the second is scheduled for delivery between January 9 and 11, 2027.

What do international LNG prices indicate?

Platts, part of S&P Global Energy, assessed the December Japan Korea Marker (JKM), a benchmark for LNG delivered to Northeast Asia, at USD 27.939 per MMBtu on November 10.

The assessment was down USD 3.936 per MMBtu, or 12.35%, from its November 6 level, amid expectations of easing geopolitical risks.

Platts also assessed the December West India Marker (WIM) at USD 27.563 per MMBtu on November 10, a discount of USD 0.376 per MMBtu to the December JKM assessment.

The benchmark assessments provide regional pricing context but do not establish what suppliers will quote in PLL's new tender.