Pakistan LNG floats tender to import single LNG cargo in January

News Image

MG News | November 20, 2023 at 01:24 PM GMT+05:00

0:00

November 20, 2023 (MLN): Pakistan LNG Limited (PLL), the state-owned company that procures Liquefied Natural Gas (LNG) and delivers Natural Gas to Pakistan has floated a tender to import LNG.

The tender specifically aims to import a single cargo within the window of January 8-9 and the bids are set to open on November 24.

To recall, in October two cargoes were finalised to be imported in the December 7-8 window and 13-14 window.

PLL had invited bids for these two LNG cargoes on September 27, with the deadline for submissions set for October 04.

The lowest bid received was at $15.97/mmbtu from Vitol supply for one cargo for the first window i.e. December 7-8, which the entity accepted.

It is worth mentioning that this marked PLL's first spot LNG cargo purchase in over a year.

Moreover, the Singapore-based Commodity Multinational, Trafigura submitted a bid of $19.39/ mmbtu for the second cargo, scheduled for delivery on December 13-14, a proposal that PLL rejected.

These deliveries are a part of the country's efforts to secure safe and reliable energy while promoting sustainable development of Pakistan’s gas industry.

To recall, in June of this year, PLL had received its first bids in over a year.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 121,330.00 123,615.00
118,675.00
2800.00
2.36%
BRENT CRUDE 70.20 71.53
69.97
-0.16
-0.23%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.60 106.60
106.60
-2.10
-1.93%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.14 69.65
67.90
-0.31
-0.45%
SUGAR #11 WORLD 16.41 16.67
16.38
-0.16
-0.97%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

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