https://x.com/zamirharis?s=11
https://www.instagram.com/hariszamir02?igsh=MXNnbTVzMTF3YTQwdQ==
Top Stories

Pakistan seeks third spot LNG cargo in nine days as Qatar supplies remain disrupted

State-owned PLL invites bids for July 15-16 delivery while the country continues to rely on spot purchases to meet domestic demand

avatar-icon

Haris Zamir

Business Editor

Experience of almost 33 years where started the journey of financial journalism from Business Recorder in 1992. From 2006 onwards attached with Television Media worked at Sun Tv, Dawn Tv, Geo Tv and Dunya Tv. During the period also worked as a stringer for Bloomberg for seven years and Dow Jones for five years. Also wrote articles for several highly acclaimed periodicals like the Newsline, Pakistan Gulf Economist and Money Matters (The News publications)

Full Bio
Pakistan seeks third spot LNG cargo in nine days as Qatar supplies remain disrupted
An LNG tanker is towed to a power station in Futtsu, east of Tokyo
Reuters/File

Pakistan has issued a tender to purchase another spot liquefied natural gas (LNG) cargo, seeking bids from international suppliers for delivery on July 15-16, according to a tender document published on the Pakistan LNG Ltd. (PLL) website. The move marks the country's third spot LNG tender in nine days as contractual supplies from Qatar remain disrupted.

The state-owned company has invited bids from global LNG suppliers, with offers due on July 10. The bids will be opened the same day, according to the tender document.

Pakistan plans to import one LNG cargo of 140,000 cubic meters on a Delivered Ex-Ship (DES) basis at Karachi's Port Qasim.

The latest tender comes less than two weeks after Pakistan secured two spot LNG cargoes for delivery during the June 30-July 4 and July 10-11 windows.

The two cargoes were purchased at USD 16.7372 per million British thermal units (MMBtu) and USD 17.37 per MMBtu, respectively, according to information released by the state-owned company.

Pakistan typically imports nine to 10 LNG cargoes each month from Qatar under long-term supply agreements. However, the conflict in the Middle East has disrupted contractual shipments from the Gulf nation.

As a result, Pakistan has increasingly relied on spot market purchases to supplement long-term LNG supplies, with procurement decisions driven by domestic demand and international LNG prices.

An Energy Ministry official said on July 6 that Pakistan's LNG supplies from Qatar remained disrupted because of the conflict in the Middle East.

"Since the halt in supplies from Qatar following disruption in the Middle East, cargoes have been arriving intermittently, and normal supplies have yet to resume," the official said.

Pakistan's LNG import bill declined to USD 2.016 billion during the first 11 months of the fiscal year through May, down from USD 3.211 billion in the same period a year earlier, according to Pakistan Bureau of Statistics data released on June 16.

Comments

See what people are discussing

Back To Top