SINGAPORE: A re-issued tender by Pakistan LNG seeking two liquefied natural gas (LNG) cargoes for delivery in July received only one offer, a document posted on the company website showed.
Pakistan LNG was seeking the cargoes for delivery into Port Qasim in Karachi for July 8-9 and July 12-13 in a tender that closed on June 8 and was valid until June 9.
It had re-issued the earlier tender and added flexibilities to attract more offers after it received very high prices and not enough interest.
But its re-issued tender received only one offer, from Vitol Bahrain, for the cargo to be delivered over July 12-13 at a price of $12.7777 per mmBtu. This was higher than the $11.6612 received for the same delivery period in the earlier tender.
Published in Dawn, June 10th, 2021