Pakistan cancels third LNG spot tender

News Image

MG News | May 11, 2026 at 05:27 PM GMT+05:00

May 11, 2026 (MLN): Pakistan has cancelled a third liquefied natural gas (LNG) spot cargo tender, according to a notice published on the website of state-run Pakistan LNG Limited on May 11.

Earlier, PLL had invited bids for two spot LNG cargoes for May delivery on May 9.

However, the latest cancellation comes amid expectations that Pakistan will soon begin receiving LNG shipments from Qatar, easing immediate import requirements.

The cancelled spot tender reflects improved near-term supply visibility, as Pakistan prepares to receive its first LNG cargo after a gap of around two months.

Pakistan typically imports an average of nine to 10 LNG cargoes per month from Qatar under long-term agreements, making Qatar a key supplier for the country’s energy needs.

According to PLL, Pakistan is scheduled to import its first LNG cargo of approximately 140,000 cubic meters during the May 12–16 window, followed by a second cargo of a similar volume between May 24–28.

Each shipment carries a tolerance of plus or minus 2%.

The development highlights shifting short-term procurement needs as Pakistan balances spot market purchases with contractual LNG inflows to manage energy demand and pricing volatility.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 173,962.82
313.69M
1.30%
2237.52
ALLSHR 104,178.62
550.40M
0.93%
964.13
KSE30 52,166.33
164.58M
1.26%
649.19
KMI30 250,496.48
141.11M
1.59%
3930.77
KMIALLSHR 67,844.06
318.73M
1.20%
801.29
BKTi 47,430.11
44.68M
0.28%
130.40
OGTi 36,386.96
9.01M
0.13%
45.59
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 73,565.00 74,385.00
73,390.00
-150.00
-0.20%
BRENT CRUDE 93.45 93.60
92.20
2.33
2.56%
RICHARDS BAY COAL MONTHLY 117.00 0.00
0.00
0.25
0.21%
ROTTERDAM COAL MONTHLY 130.25 0.00
0.00
0.00
0.00%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 89.99 90.20
88.45
2.63
3.01%
SUGAR #11 WORLD 14.07 0.00
0.00
0.01
0.07%

Chart of the Day


Latest News
May 31, 2026 at 10:59 AM GMT+05:00

Triple crown for Arif Habib Limited


May 31, 2026 at 10:10 AM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


May 30, 2026 at 04:31 PM GMT+05:00

Weekly Market Roundup


May 29, 2026 at 09:44 PM GMT+05:00

SBP reserves rise $66m to $17.15bn



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg