Pakistan relaunches LNG tender after rejecting costly bids

State-owned Pakistan LNG Limited has re-issued a tender for two winter cargoes, for delivery at Port Qasim in mid-December and early January, after rejecting bids priced between 27 and 31 dollars per million British thermal units in the previous round.

Why it matters: Pakistan's contracted Qatari supply has been disrupted since Qatar declared force majeure in March, forcing the country into a spot market where winter cargoes cost roughly double its term price and pushing its power generation costs higher.

Data as of OilPrice.com report of November 13, 2026, read in full in this run, citing the Pakistan LNG Limited tender notice as reported by Business Recorder; single-source item, and the tender figures are the notice's as reported there. Developing item.

Pakistan LNG Limited is seeking two liquefied natural gas cargoes on a delivered ex-ship basis at Port Qasim, one for the December 14 to 16 window and one for January 9 to 11, in a re-issued tender after the state buyer rejected two suppliers’ bids of between 27 and 31 dollars per million British thermal units in the previous round. Pakistan relied mainly on Qatari term supply before the Iran war, and Qatar’s force majeure declaration in March, after Iranian strikes damaged the Ras Laffan export hub, has left it buying spot cargoes at hefty premiums, with some Qatari cargoes reaching Pakistan only after Iranian assurances of safe transit through the Strait of Hormuz.

The winter bill is steep. With term supply disrupted, Pakistan needs an additional 10 spot cargoes for delivery between November and February at roughly double the Qatari term price, a programme expected to cost in excess of 1 billion dollars, while Asian and European buyers compete for the same winter supply.

Pakistan relaunches LNG tender after rejecting costly bids

Sources