en.Wedoany.com Reported - Pakistan LNG is seeking a 140,000-cubic-meter spot liquefied natural gas cargo on a delivered ex-ship (DES) basis, with a delivery window set for June 6-7. The winning bidder must deliver the cargo to the floating storage and regasification unit (FSRU) BW Integrity serving the Pakistan GasPort terminal at Port Qasim, or utilize the Energo Elengy facility under the other floating unit Exquisite. The tender closed at 2:00 PM Pakistan Standard Time on June 6.

Prior to this tender, Pakistan LNG had canceled a tender for two spot LNG cargoes due to the arrival of lower-priced long-term contracted cargoes from Qatar. Most of Pakistan's LNG supply comes from long-term contracts with QatarEnergy, but it also procures from the spot market for power plant use when prices are affordable. Last month, Pakistan received an LNG cargo from Qatar via the Strait of Hormuz, the first such delivery since the outbreak of the Middle East conflict.

Spot LNG prices rose in March due to the Middle East conflict and have remained elevated amid the ongoing crisis. QatarEnergy suspended LNG production at its giant Ras Laffan complex on March 2 following a military attack on its operational facilities, and declared force majeure to affected LNG buyers on March 4. The producer noted that damage to the Ras Laffan complex from missile strikes is expected to result in annual revenue losses of approximately $20 billion and require up to five years for repairs, thereby impacting supplies to European and Asian markets.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com