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.

Pakistan again turns to spot LNG market, seeks bids for 2 cargoes ISLAMABAD: State-run Pakistan LNG Limited (PLL) on Wednesday floated urgent tenders for the import of two liquefied natural gas (LNG) cargoes for delivery between May 12-14 and May 24-26 amid rising temperatures and power shortfall. The company set May 7 (Thursday) as the deadline for bids, which will be opened the same day, given the urgent need to meet the power demand expected to spike again as the cargo imported in the last week of April has been consumed. The tender comes after authorities’ expectations of the Middle East crisis easing and the reopening of the Strait of Hormuz did not materialise.