ISLAMABAD: Pakistan on Thursday rejected the two lowest evaluated LNG bids from BP Singapore and TotalEnergies, priced at $17.28 and $16.98 per million British thermal units (mmBtu), respectively, for delivery next week and in the last week of the current month.
State-run Pakistan LNG Limited (PLL) received a total of seven bids — three cargoes for May 12-14 and four for May 24-26 — against urgent tenders floated a day earlier.
For the first cargo, PetroChina bid $17.69 per mmBtu, BP Singapore $
Rejecting the lowest bids? Something doesn’t add up. Either the prices were still too high or there are technical issues with the bidders. We need LNG desperately for power generation.