Pakistan Again Says No To High Priced LNG Cargo

As international LNG rates and shipping costs continue to rise against the backdrop of risks around the Strait of Hormuz, pakistan has again rejected a spot LNG bid from BP Singapore, this time at $26.7128 per MMBtu.

Key points

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• The bid was the lowest of two offers received by Pakistan LNG Limited for delivery from September 8 to 12.
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• Higher freight, insurance and geopolitical risk premiums are pushing up spot LNG rates, making further purchases increasingly expensive for Pakistan.
• The administration now faces a challenging choice between securing enough LNG supplies and avoiding costly cargoes that could growth electricity generation costs.

For context, the bid was the lowest of two offers received by Pakistan LNG Limited for delivery from September 8 to 12. PetroChina offered LNG at $26.98 per MMBtu. OGRA Increases Producer Gas Rates for Remaining 2026.

In practice, the latest rejection follows Pakistan's decision earlier this week to turn down another BP Singapore offer of $26.969 per MMBtu for delivery from September 4 to 8, with authorities again considering the cost too high.

For context, the administration now faces a challenging choice between securing enough LNG supplies and avoiding costly cargoes that could growth electricity generation costs. Stay Connected with ProPakistani.

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In short, pakistan Again Says No To High Priced LNG Cargo is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.