Pakistan LNG Limited (PLL) has issued tenders for the procurement of six LNG cargoes on the spot market, with delivery scheduled for May and June.
To address the country’s power crisis and avoid unexpected load shedding, the government has chosen to acquire six LNG cargoes on the spot market. “Bids from recognized international suppliers are requested for the delivery of six (06) LNG cargoes on a Delivered Ex-Ship (DES) basis at Port Qasim, Karachi,” according to the documents.
Government Holdings (Private) Limited (GHPL)’s subsidiary Pakistan LNG Limited (PLL), which is owned by the Pakistani government. PLL is in charge of obtaining Liquefied Natural Gas (LNG) to meet the country’s gas needs. According to PPRA guidelines, the bids will be launched on April 21.
The PLL has issued a request for proposals for six cargoes, each with a weight of 140,000 cubic meters. Three LNG cargoes are scheduled to arrive in May and June. PLL is accepting bids for the dates of May 12-13, 17-18, and 27-28. Similarly, for June delivery, bids are being sought for the dates 1-2 June, 6-7 June, and 16-17 June.
It’s worth noting that Gunvor, a Singapore-based commodity trading business with a five-year contract with Pakistan, failed to deliver three LNG cargoes to Pakistan between April and June.
Four LNG-based power plants with a combined capacity of 1,195 MW have been forced to shut down in the previous four months. Rousch 410 MW, Nandipur 525 MW, FKPCL 140 MW, and GTPS Faisalabad 120 MW are among the power plants that have been shut down owing to the lack of RLNG. The RLNG supply to these power units was shut off in December 2021, owing to a lack of RLNG supplies.