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Pakistan turns down two lowest evaluated LNG bids
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Pakistan's state-run LNG company rejected two of the lowest-priced bids for natural gas imports, from BP Singapore and TotalEnergies, despite their competitive pricing in the $16.98–$17.28 per mmBtu range.
Pakistan turns down two lowest evaluated LNG bids
ISLAMABAD: Pakistan on Thursday rejected the two lowest evaluated LNG bids from BP Singapore and TotalEnergies, priced at $17.28 and $16.98 per million British thermal units (mmBtu), respectively, for delivery next week and in the last week of the current month.
State-run Pakistan LNG Limited (PLL) received a total of seven bids — three cargoes for May 12-14 and four for May 24-26 — against urgent tenders floated a day earlier.
For the first cargo, PetroChina bid $17.69 per mmBtu, BP Singapore $
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