Due to tension in the global market, the shortage of LNG in Pakistan seems to be prolonged.
According to media reports, Pakistan LNG Limited (PLL) announced the results of 2 tenders for a total of 72 LNG cargoes after extending its date by one month saying that they had not received any bids.
PLL issued a tender for a total of 72 cargoes at the rate of one cargo per month, which was to be in the form of a tender for 2 lots.
Later on the wish of the prospective bidders it was changed to the first lot of 24 cargoes from January 2023 to December 2024 and the second lot of 48 cargoes from January 2025 to December 2028, with the deadline also extended to October 3 for the convenience of bidders. was extended.
However, no bidders came forward to bid for any of the lots, indicating that LNG was not available in the spot market as Europe sought to meet energy shortages caused by the shutdown of Russian gas supplies. All additional cargoes have been booked for
