Energy strapped Pakistan has asked for bids for 72 LNG cargoes from international suppliers over a period of six years.
Organised through Pakistan LNG Limited (PLL), a wholly owned subsidiary of Government Holdings Private Limited (GHPL), suppliers have been told to submit bids by 14th September, to ship cargoes on a Deliver Ex-Ship basis (DES) at Port Qasim, Karachi, according to the tender documents.
According to the tender documents, PLL is requesting one cargo of 140,000 cu m per month for the six year period.
PLL has been mandated by the Pakistani Government to import, procure, store, supply, distribute, transport, transmit, processing, measure, metering and trading the natural gas, LNG and re-gasified LNG.
Thus the company will manage the entire supply chain from procurement to end users.
Last month, PLL invited bids for 10 LNG cargoes from international suppliers during the July to September window.
However, not a single bid was received for the $1 bill LNG purchase tender, Bloomberg, said, adding that this reflected both the global fuel shortage and the reluctance of suppliers to sell to a country in the depths of an economic crisis.
In June, PLL disqualified two bids received for a tender seeking an LNG spot cargo for delivery in early July for technical reasons.
Subsequently, an offer from TotalEnergies was disqualified because it did not submit a bid bond and an ENOC Singapore bid was disqualified because it did not provide ‘proof of delivery of eight LNG cargoes’, PLL said on its website.
