Pakistan to buy most expensive LNG cargo
The state-owned Pakistan LNG Limited (PLL) is going to buy the most expensive Liquefied Natural Gas of the country’s history as it is purchasing one LNG cargo for $30.65 per Million British Thermal Units (MMBtu) for the month of November, reported 24NewsHD TV channel on Sunday.
Sources informed that the PLL has decided to buy the costliest-ever LNG in order to avert the gas crisis in the winter season. The PLL will buy the LNG cargo for the current month at the exorbitant price of $30.65/MMBtu from Qatar Petroleum.
Two other global companies which first accepted the PLL tenders for the LNG supply had backed out on their commitment and refused to supply the liquefied gas in the month of November. These cargoes were supposed to be delivered between Nov 19-20 and Nov 26-27.
The PLL had floated emergency tenders for the procurement of these two cargos. For these emergency tenders, the PLL had got bids worth $31/MMBtu.
The PLL is already in talks for the resumption of two cancelled LNG cargoes as well.
Reporter Awais Kiyani