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Pakistan LNG Limited (PLL) imports the most expensive LNG cargo

News Desk by News Desk
November 7, 2021
in Featured, National
Reading Time: 1 min read
LNG

ISLAMABAD: Pakistan has imported the most expensive cargo of LNG, anticipating a possible shortage in the forthcoming months. Qatar Petroleum’s cargo cost $30.6 per million British thermal units (mmbtu).

Gunvor and ENI, the firms that were supposed to supply the cargoes, didn’t fulfil their commitment, as a result, the Pakistan LNG Limited (PLL) had to make a call for an emergency tender to avoid any possible shortage of LNG.

In reply, Qatar Petroleum Trading filed the lowest tender of $30.65 per mmbtu, compared to Total Energies who filed a tender of $30.96 and Vitol Bahrain of $31.05 per mmbtu.

The firm will deliver the order around November 26-27.

The PLL has been under severe criticism as it failed to design proper strategies to ensure adequate LNG supplies when the prices dropped in the international market.

News Desk

News Desk

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