Pakistan Fails to Secure LNG Cargo as Tender Receives No Bids

Pakistan received no bids for a tender seeking one liquefied natural gas (LNG) cargo for delivery from Sept.

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• The latest failed tender comes as Pakistan continues to face difficulty securing LNG after repeated disruptions to Qatari supplies.
• LNG shipping through the Strait of Hormuz remains severely disrupted, keeping regional supply tight and spot rates elevated.

In practice, the tender was Pakistan's third attempt to secure an LNG cargo for September. PLL had invited international suppliers to submit bids by Sept. 8, but received no offer.

For context, the administration had already canceled two LNG cargo tenders for September after rejecting the bids as too expensive.

Meanwhile, the latest failed tender comes as Pakistan continues to face difficulty securing LNG after repeated disruptions to Qatari supplies. Earlier this month, the administration rejected two bids for September cargoes after suppliers quoted costs of regarding $26.97 and $26.71 per MMBtu.

Meanwhile, LNG shipping through the Strait of Hormuz remains severely disrupted, keeping regional supply tight and spot rates elevated.

Separately, a Qatari LNG cargo has crossed the Strait of Hormuz for the first time since July and is heading to Pakistan's Port Qasim, with the vessel, Al Marrouna, projected to arrive as early as Sept. 10. Stay Connected with ProPakistani.

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Taken together, the developments around pakistan Fails to Secure LNG Cargo as Tender Receives No Bids point to a situation that is still moving, and the coming days should bring more clarity.