ISLAMABAD: Pakistan has moved to secure additional liquefied natural gas (LNG) supplies from the international spot market, with Pakistan LNG Limited (PLL) inviting bids from global LNG traders for two spot cargoes to help meet the country’s energy requirements amid continuing regional market uncertainties.
The spot LNG price Japan/Korea Marker currently stands at $18.89 per MMBtu. The bids are expected to be in the range of over $19.50-20 per MMBtu.
According to a tender issued by the PLL, each cargo will carry 140,000 cubic meters of LNG. The first cargo is sought for delivery during the June 13-14, 2026 window, while the second is scheduled for arrival on June 20-21, 2026. Both shipments are to be berthed at the Pakistan GasPort Consortium Terminal (PGPL) terminal at Port Qasim, Karachi.
Under amended public procurement rules, PLL has structured the tender process to allow a rapid decision on bids. Interested suppliers must submit offers by 2:00 pm on June 11, 2026, while bid opening is scheduled for 2:30 pm the same day. The company will be able to inform bidders whether their offers have been accepted or rejected by 10:00 pm on the day of bid opening.
If Pakistan succeeds in procuring both cargoes, the total number of spot LNG shipments secured by the country since March 2026 will rise to four, highlighting Islamabad’s efforts to supplement gas supplies through the spot market following major disruptions in regional energy flows.
