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–OQ Trading emerges lowest for Mid-May delivery
Aftab Maken
ISLAMABAD: Pakistan LNG Limited has completed the evaluation of bids for its latest liquefied natural gas (LNG) procurement tender, with multiple international suppliers competing to provide cargoes for late April and early May deliveries.
According to the evaluation report issued under Rule 35 of the Public Procurement Rules, 2004, the tender—titled “Supply of Liquefied Natural Gas (LNG)”—was conducted through a single-stage, two-envelope bidding procedure. The tender, bearing inquiry number PLL/IMP/LNGT63 and PPRA reference TS0000004898E, closed on April 24, 2026, at 1400 hours, with technical bids opened shortly after at 1430 hours. Financial bids were opened later the same day at 1530 hours.
A total of four bids were received, out of which three bidders were declared technically qualified. These included Vitol Bahrain, TotalEnergies Gas & Power Limited, and OQ Trading. All three firms submitted competitive price offers for different delivery windows.
The tender covered three delivery slots: April 27–30, May 1–7, and May 8–14, 2026. For the first delivery window (April 27–30), TotalEnergies Gas & Power Limited emerged as the lowest bidder with a quoted price of $18.8800 per MMBtu. In the second window (May 1–7), Vitol Bahrain offered the most competitive rate at $18.5400 per MMBtu.
For the third delivery period (May 8–14), OQ Trading submitted the lowest bid at $17.9970 per MMBtu, making it the most economical option among all offers received in the tender.
Industry analysts note that the LNG prices quoted in this tender reflect ongoing volatility in global energy markets, influenced by supply disruptions, geopolitical tensions, and seasonal demand fluctuations. The relatively high price levels, compared to historical averages, indicate continued pressure on importing countries like Pakistan, which rely heavily on LNG to meet domestic gas demand.
Pakistan LNG Limited, a state-owned entity responsible for procuring LNG on behalf of the country, follows a transparent bidding process under the PPRA framework to ensure competitive pricing and reliable supply. The single-stage, two-envelope procedure allows for technical evaluation before financial bids are considered, ensuring that only qualified suppliers participate in price competition.
While the evaluation report identifies the lowest bidders for each delivery slot, the final award of contracts is subject to approval by the competent authority and fulfillment of all regulatory requirements. The report noted that no additional supporting information was provided beyond the evaluation details.
The latest tender comes at a time when Pakistan continues to face challenges in securing affordable LNG supplies amid tightening global markets. The country’s dependence on imported LNG has increased in recent years due to declining domestic gas production and rising demand from power generation, industry, and residential consumers.
Energy sector experts emphasize that timely procurement and diversified sourcing remain critical for ensuring uninterrupted gas supply, particularly during peak demand periods. The outcome of this tender is expected to play a key role in stabilizing supply for the upcoming weeks.
The evaluation process was overseen by PLL’s procurement and legal teams, with approvals from senior management, including the Head of LNG Procurement and the Managing Director, as per standard procedures.
