Key facts
- Pakistan has issued a tender for 1 million tons of LNG.
- The tender is to meet surging summer electricity demand.
- This is Pakistan's fourth LNG tender in two months.
- Some previous bids were too expensive for Pakistan LNG Limited.
- The country relies partly on Qatar's term LNG supply.
Pakistan has issued a new tender for 1 million tons of Liquefied Natural Gas (LNG) to address the seasonal increase in electricity demand as summer heat intensifies. This marks the fourth LNG tender for the spot market in the past two months. The country is grappling with the consequences of high prices, with some previous tenders failing to secure delivery contracts because the lowest bids were considered too expensive by Pakistan LNG Limited, the state-owned operator. Pakistan currently relies on Qatar for its term LNG supply.