PLL reissues LNG tender as Pakistan faces electricity crunch: Bloomberg
After rejecting the offer to buy expensive liquefied natural gas (LNG), the state-owned Pakistan LNG Ltd (PLL) has reissued the LNG tender on Wednesday and is now seeking a cargo before September 12. Offers are due on Friday, Bloomberg reported. As per the report, PLL earlier scrapped an emergency tender for a shipment for delivery by September 8 after receiving a sole offer from BP Plc at $27…
Pakistan's state-owned LNG firm, Pakistan LNG Ltd (PLL), has reissued its LNG tender, seeking supplies before September 12, as the country grapples with an electricity shortage. The tender, which was previously scrapped, comes after PLL received a single offer from BP Plc at $27 per million British thermal units, significantly higher than pre-war levels.
The power crunch, exacerbated by the ongoing US-Iran war, has disrupted LNG flows from Qatar, Pakistan's primary supplier, who recently declared a force majeure situation. This has forced PLL to resort to buying RLNG (regasified LNG) on the spot market, further aggravating the fuel shortage and impacting electricity generation. The federal government apologized for the night-time load shedding, which left around 5,000 MW of power plants unable to operate due to a lack of contracted LNG from Qatar.
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