{"id":48875,"date":"2026-04-23T15:04:29","date_gmt":"2026-04-23T15:04:29","guid":{"rendered":"https:\/\/ipp-news.com\/?p=48875"},"modified":"2026-04-23T15:04:29","modified_gmt":"2026-04-23T15:04:29","slug":"pakistan-lng-seeks-three-spot-cargoes-in-first-tender-since-december-2023","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=48875","title":{"rendered":"Pakistan LNG seeks three spot cargoes in first tender since December 2023"},"content":{"rendered":"<div>Pakistan LNG Limited has issued its first spot tender for liquefied natural gas (LNG) since December 2023 amid supply \u200bshortfalls triggered by the US-Israeli\u00a0war with Iran.<\/p>\n<p>The company is seeking bids from international suppliers \u200cfor three LNG cargoes of around 140,000 cubic metres each for delivery on April 27-30, and on May 1-7 and 8-14 at Port Qasim in Karachi, according to an advertisement on Thursday for the tender that closes on April 24.<\/p>\n<p>Energy Minister Awais Leghari told Reuters the LNG tender was aimed at meeting \u200brising power demand and to cut reliance on costlier diesel and furnace oil.<\/p>\n<p>Pakistan is \u2060not sure when it will get more cargoes from Qatar, Leghari said.<\/p>\n<p>The tender also follows power shortages \u200bthat triggered widespread\u00a0outages\u00a0last week, as a drop in hydropower and disruptions to LNG supplies exposed gaps \u200bin fuel availability amid rising demand.<\/p>\n<p>Pakistan has not received any LNG cargoes loaded after the Middle East war began on February 28 and Iran shut off almost all shipping through the Strait of Hormuz, which connects the Gulf to the \u200bIndian Ocean.<\/p>\n<p>Qatar depends on access through the strait to move its energy output. It supplied the bulk \u200bof the 6.64 million metric tonnes of LNG Pakistan imported last year, according to Kpler data.<\/p>\n<p>Azerbaijan&#8217;s state energy company \u200cSOCAR said \u2060on Tuesday it is\u00a0ready to supply\u00a0LNG to Pakistan as soon as it receives a request from Islamabad. A framework agreement signed in 2025 between SOCAR Trading and Pakistan LNG allows the South Asian buyer to buy cargoes under an accelerated procedure.<\/p>\n<p>Islamabad cancelled 21 LNG cargoes for 2026\u201327 under a long-term deal \u200bwith Eni, expecting slower \u200bdemand growth and increased \u2060power supply from solar energy. The LNG supply disruptions tested that shift, even as a greater reliance on domestic and renewable power cushioned the impact.<\/p>\n<p>Pakistan remains \u200bexposed to supply shocks, however, and LNG is still needed to meet peak \u200bsummer demand \u2060and limit outages.<\/p>\n<p>Iran&#8217;s blockade of the Strait of Hormuz, which typically handled 20% of daily global LNG flows before the war, pushed Asian spot prices to three-year highs, though they have pulled back some recently. They were \u2060last \u200bat $16.05 per million British thermal units, a 54% increase since February \u200b23.<\/p>\n<p>Analysts have\u00a0slashed\u00a0global LNG supply outlooks and expect high prices and the supply shortage to cause demand destruction across Asia.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan LNG Limited has issued its first spot tender for liquefied natural gas (LNG) since December 2023 amid supply \u200bshortfalls triggered by the US-Israeli\u00a0war with Iran. The company is seeking bids from international suppliers \u200cfor three LNG cargoes of around 140,000 cubic metres each for delivery on April 27-30, and on May 1-7 and 8-14 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-48875","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/48875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48875"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/48875\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}