Pakistan has received four bids from three global LNG suppliers for the delivery of three cargoes of spot LNG in the coming weeks, a document received from state-run Pakistan LNG showed April 24.
Pakistan LNG invited bids on April 23 for three spot LNG cargoes, according to company tender notices, for delivery in late April and early May, marking the first such move since 2023.
It comes with LNG supplies from Qatar remaining disrupted amid the Middle East conflict.
Pakistan usually relies on Qatar for almost all of its LNG imports.
In 2025, it imported 6.57 million metric tons of LNG from Qatar out of a total of 6.63 million mt, according to data from S&P Global Energy CERA. The remaining volume was supplied from Nigeria, the data showed.
Pakistan LNG received bids from TotalEnergies Gas & Power for delivery in the April 27-30 window at a price of to $18.88/MMBtu, the Pakistan LNG document dated April 24 showed.
For the cargo scheduled for May 1-7, it received a bid from Vitol Bahrain at a price of $18.54/MMBtu.
And for the May 8-14 cargo, it received bids from Vitol ($18.74/MMBtu) and OQ Trading ($17.997/MMBtu).
Vitol and TotalEnergies declined to comment April 24, while OQ Trading did not respond to a request for comment.
Spot LNG prices rose sharply after the US and Israel began attacks against Iran on Feb. 28.
Platts, part of S&P Global Energy, assessed the JKM — the benchmark price reflecting LNG delivered to Northeast Asia — at a recent peak of $25.41/MMBtu on March 19, up from $10.70/MMBtu on Feb. 27.
Prices have eased since, with Platts assessing the JKM on April 24 at $17.13/MMBtu.
On April 16, power minister Awais Ahmad Khan Leghari said in a televised address that Pakistan may consider spot LNG purchases as the country faces a daily electricity shortfall, attributed to the closure of regasified LNG-fired power plants.
Source: Platts
