Pakistan Receives One of The Costliest Bids Ever for February’s LNG Procurement
Pakistan received bids from five liquefied natural gas (LNG) companies for two cargoes in February 2021, at the highest price as yet.
Pakistan LNG Limited (PLL) received these all-time highest bids up to 32.48 percent of Brent. The lowest bids for the delivery windows of February 2021 were nearly at 21 percent to 23 percent of Brent, as received by the PLL.
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However, as a result of this delay in the process by the government, Pakistan has to purchase the costliest liquefied natural gas (LNG) in February 2021, at 32.48 percent of Brent, with a 31-day gap between tender opening and advertisement.