PLL receives bids for 2 LNG cargoes

MG News | October 04, 2023 at 09:53 PM GMT+05:00

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October 04, 2023 (MLN): Pakistan LNG Limited (PLL), the state-owned company that procures Liquefied Natural Gas (LNG) and deliver Natural Gas to Pakistan has received bids for 2 LNG Cargoes from international suppliers.

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

In addition, Singapore based Commodity Multinational, Trafigura submitted a bid of $19.39/ mmbtu for the second cargo, scheduled for delivery on December 13-14.

It is worth mentioning that PLL had invited bids for these two LNG cargoes on September 27, with the deadline for submissions set for October 4.

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.

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