ISLAMABAD: Pakistan has issued its fourth tender to purchase one LNG cargo from the spot market following the onset of the US-Israel conflict with Iran, aiming to meet rising electricity demand amid soaring temperatures. The delivery is scheduled between June 6 and 7, 2026. The state-owned Pakistan LNG Limited (PLL) floated an urgent tender on Wednesday to import one LNG cargo from the spot market for delivery windows between June 6-7, as temperatures surge and electricity shortfalls persist.
According to the advertisement, bids are invited from reputed international suppliers for the supply of one LNG cargo on a Delivered Ex-Ship (DES) basis at Port Qasim, Karachi, Pakistan. PLL has set June 4, 2026, as the deadline for bids, with the bids to be opened the same day.
Notably, on May 9, 2026, PLL had issued its third tender to buy two LNG cargoes from the spot market, setting May 11, 2026, as the deadline for bids. However, that tender was scrapped after Pakistan secured a cheaper Qatari LNG shipment under a long-term contract.
Similarly, on May 7, PLL had rejected the two lowest evaluated LNG bids from BP Singapore and TotalEnergies, which offered prices of $17.28 and $16.98 per million British thermal units (mmBtu), respectively, for the supply of two LNG spot cargoes.
In April, PLL also floated a tender for the purchase of three LNG cargoes from the spot market for delivery windows of April 27-30, May 1-7, and May 8-14. In response, Pakistan received four bids ranging from $17.997 to $18.88 per mmBtu for three spot LNG cargoes scheduled for delivery between April 27 and May 8. Of these, three bids were declared the lowest evaluated. The company received one bid each for the April 27–30 and May 1–7 delivery windows, while two bids were submitted for the May 8–14 window. The bid for the delivery window of April 27-30 was accepted, while bids for the remaining two windows were rejected.
Overall, for the two tenders of May 7 and April, out of five lowest evaluated bidders, PLL accepted only one bid and rejected four lowest bidders.
