Dawn
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17:50 May 07, 2026
ISLAMABAD: Pakistan on Thursday rejected the two lowest evaluated LNG bids from BP Singapore and TotalEnergies, priced at $17.28 and $16.98 per million British thermal units (mmBtu), respectively, for delivery next week and in the last week of the current month. State-run Pakistan LNG Limited (PLL) received a total of seven bids — three cargoes for May 12-14 and four for May 24-26 — against urgent tenders floated a day earlier. For the first cargo, PetroChina bid $17.69 per mmBtu, BP Singapore $17.28 and Vitol Bahrain $17.84. For the second cargo (May 24-26), TotalEnergies bid $16.98 per mmBtu, OQ Trading $18.58, SOCAR Trading $17.21 and PetroChina International $17.49. PLL on Wednesday floated urgent tenders on a 36-hour notice for the import of two LNG cargoes for delivery between May 12-14 and May 24-26 amid rising temperatures and a power shortfall. The tender was floated following expectations among authorities that the Gulf crisis would ease and the Strait of Hormuz would reopen. PLL had rejected two bi...