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Pakistan fails to secure LNG cargo for third time in September

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At a glance

  • Pakistan received no bids for its latest LNG tender in September.
  • This is the third failed attempt to procure an LNG cargo this month.
  • Two previous tenders were cancelled due to high bid prices.

Story so far

Pakistan is facing challenges in securing Liquefied Natural Gas (LNG) for its energy needs. In September, the government has made three attempts to procure a cargo. The first two tenders were cancelled because the bids received were deemed too expensive. The most recent tender, for a cargo to be delivered between September 12-16, received no bids at all by the September 8 deadline.

Latest development

Pakistan has failed for a third time in September to secure a much-needed Liquefied Natural Gas (LNG) cargo after its latest tender received no bids from international suppliers. The cargo was intended for power generation.

Sources and updates

Usama MehboobUsama MehboobEditor
Categories: Business & Economy
Tags: , ,

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