Pakistan has received costly offers from international suppliers for two liquefied natural gas (LNG) cargoes scheduled for December and January.
Pakistan LNG Limited (PLL) received three bids after inviting international companies to supply LNG for the winter season. The offers were opened on November 10, raising concerns about the cost of securing imported gas.
December LNG Cargo Attracts Two Bids
Two companies submitted offers for the December 14–16 delivery window.
The lowest bid stood at Rs24.43 billion, equivalent to $27.27 per million British thermal units (MMBtu). The highest offer reached Rs27.77 billion, or $31 per MMBtu.
For the January 9–11 delivery window, PLL received only one bid. The offer amounted to Rs24.28 billion, equivalent to $27.01 per MMBtu.
Sources said PLL would present the lowest bids to its board for consideration. The board would then decide whether to accept or reject the offers.
High LNG Prices Raise Concerns Over Energy Costs
The latest bids highlight the financial pressure Pakistan faces while arranging imported gas for winter.
The country relies on LNG imports to meet part of its energy demand. Higher procurement costs could increase the expense of supplying regasified LNG to power plants and other consumers.
Pakistan is also facing challenges in securing sufficient supplies amid disruptions to regional energy shipments and uncertainty surrounding the Strait of Hormuz.
Government Reviews Options for Winter Gas Supply
Pakistan needs additional LNG cargoes to manage demand during the colder months. However, expensive spot-market purchases could place further pressure on the national exchequer.
In a subsequent development reported on November 11, the PLL board rejected the submitted bids after reviewing the offers. The government is also pursuing discussions with Qatar to secure more affordable supplies under existing long-term agreements.
The decisions will shape Pakistan’s winter gas supply strategy as authorities seek to balance availability and affordability.
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