ISLAMABAD (Dunya News) – Pakistan has received expensive bids from international suppliers for the import of liquefied natural gas (LNG) for December and January, raising concerns over the cost of securing supplies for the next two months.
Pakistan LNG Limited (PLL) has released details of commercial offers received for LNG cargo deliveries during the two-month period.
According to a media report, international suppliers quoted prices ranging from Rs24.28 billion to Rs27.77 billion per LNG cargo.
Meanwhile, bids from companies offering the lowest rates for the purchase of two LNG cargoes have been referred to the PLL board for further consideration.
The two lowest offers range between Rs24.28 billion and Rs24.43 billion.
The PLL board will assess whether purchasing LNG at the quoted prices is in the country's interest. It will have the final authority to accept or reject the offers after reviewing the bids.