Karachi: Pakistan LNG Limited (PLL), government subsidiary that procures liquefied natural gas (LNG) from international market has issued tender seeking LNG cargoes.

PLL, in tender advertised is seeking two cargoes on delivered-ex-ship (DES) basis to Port Qasim in December. Delivery windows are December 7-8 and December 13-14. Tender will close on October 4.

PLL has been mandated by Pakistan government to carry out business of importing, buying, storing, supplying, distributing, transporting, transmitting, processing, measuring, metering and selling natural gas, LNG and re-gasified LNG.

In its capacity, PLL procures LNG from international markets and enters into onward arrangements for supply of gas to end users, thereby managing whole supply chain of LNG from procurement to end users. Dependent on gas for power generation, country has struggled to procure spot cargoes of LNG after global prices spiked last year following Russia's invasion of Ukraine, leaving it to face widespread power outages.

Back in June, PLL failed to secure offers for six cargoes on DES basis for October and December delivery to Port Qasim. Pakistan has two long-term supply deals with Qatar, one signed in 2016 for 3.75 million metric tonnes of LNG year and another signed in 2021 for 3 million metric tonnes a year.

Published in The Daily National Courier, September, 28 2023

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