Pakistan Makes 3rd Attempt to Secure September LNG Cargo as Prices Surge
Pakistan has launched a third attempt to secure a spot LNG cargo for September, as surging international prices and mounting … Read More The post Pakistan Makes 3rd Attempt to Secure September LNG Cargo as Prices Surge appeared first on ProPakistani .
Pakistan has launched its third attempt to secure a September LNG cargo amid rising international prices and shipping risks in the Strait of Hormuz, complicating the country's efforts to meet gas requirements. Pakistan LNG Limited (PLL) issued a fresh tender seeking bids for one spot cargo of about 140,000 cubic metres, with bids due to be opened on September 8.
However, Pakistan has declined two offers from BP Singapore on price grounds, marking a challenging situation for the energy authorities. The rejected offers were about 22 percent higher than the July 27 cargo and roughly 46 percent above the July 15-16 cargo, highlighting the impact of surging LNG prices on electricity generation costs.
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