Pakistan LNG Limited has reopened a tender for two liquefied natural gas cargoes, seeking deliveries at Port Qasim in mid-December and early January 2027 as disruption to Qatari supplies forces the country toward costly spot purchases.
The state-owned company wants one cargo delivered on a delivered ex-ship (DES) basis between December 14 and 16, and another between January 9 and 11, 2027, according to a tender notice cited by Business Recorder. The tender replaces an earlier round in which Pakistan rejected bids from two suppliers offering prices of $27 to $31 per million British thermal units (MMBtu).
Before the Iran war, Pakistan relied mainly on long-term LNG supplies from Qatar. Those contracts are cheaper than spot cargoes, which Asian and European buyers compete for ahead of winter. Some Qatari shipments have reached Pakistan in recent months after Iran gave direct assurances that vessels could safely transit the Strait of Hormuz, but supplies remain disrupted.
Qatar declared force majeure on exports in March after Iranian strikes damaged its Ras Laffan LNG export hub. Pakistan has since turned to spot markets, paying premiums that have raised power-generation costs. The country is expected to spend more than $1 billion securing LNG for the winter months as spot prices rise amid the disruption.
Pakistan will need to buy an additional 10 spot-market cargoes for delivery between November 2026 and February 2027 to secure winter gas volumes, at twice the price of LNG imported from Qatar, according to the report.
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