Pakistani companies launch tender to purchase spot LNG for the first time in over two years

Golden Ten Data reported on April 23 that, amid supply shortages caused by the conflict between the United States, Israel, and Iran, Pakistan LNG has issued its first spot LNG (liquefied natural gas) tender notice since December 2023. According to the announcement released on Thursday, the company is seeking quotations from international suppliers to purchase three cargoes of LNG, each about 140,000 cubic meters; delivery periods are April 27-30, May 1-7, and May 8-14, with deliveries at Port Qasim in Karachi. The tender closes on April 24. The Pakistani Federal Minister for Energy stated that this LNG tender aims to meet the growing electricity demand and reduce reliance on more expensive diesel and fuel oil. This tender also serves as a response to last week's large-scale blackout caused by power shortages.