en.Wedoany.com Reported - Pakistan LNG Limited issued a tender document on Wednesday, seeking to procure two spot LNG cargoes of 140,000 cubic meters each, on a DES (Delivered Ex-Ship) basis.

According to the tender document, the delivery windows for these two cargoes are set for June 13-14 and June 20-21, respectively. Potential winning bidders are required to deliver the cargoes to the FSRU BW Integrity serving the Pakistan GasPort terminal at Port Qasim, Karachi, or to the Energo Elengy facility using the FSRU Exquisite. The deadline for this tender is 2:00 PM Pakistan Standard Time on June 11.

Recently, BP Singapore submitted the most competitive bid at $19.1337 per million British thermal units for a spot LNG cargo scheduled for delivery on June 6-7. Previously, Pakistan LNG Limited had canceled a tender for two spot LNG cargoes due to the arrival of cheaper long-term contracted volumes from Qatar. Last month, Pakistan received three LNG cargoes from Qatar via the Strait of Hormuz, the first such deliveries since the outbreak of the Middle East conflict.

The majority of Pakistan's LNG supply comes from long-term contracts with Qatar, but it also procures from the spot market when prices are affordable for the country's power plants. Affected by the Middle East conflict, spot LNG prices rose in March and remain elevated due to the ongoing crisis.

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