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Pakistan, which lacks energy, has received four offers from international bidders to send liquefied natural gas for a period of 10 years, officials said Friday.
Pakistan LNG Limited (PLL), a government entity tasked with providing liquefied natural gas (LNG), issued a call for tenders in June inviting international suppliers to bid for LNG.
In its bid, PLL showed that the successful bidder would supply 240 LNG shipments of 140,000 cubic meters each for a 10-year delivery to the country's second LNG terminal, which can receive 600 million cubic feet per day (mmcfd ) of natural gas.
Company officials told PTI that Italian Eni, Azerbaijan's state-owned oil company SOCAR, PetroChina International Singapore, a subsidiary of PetroChina Co Ltd and international trading house Trafigura had filed their bids on 18 July.
"We will award the contract to the lowest bidder in a transparent way," said a manager.
He specified that the contract would be finalized by August and that the selected company would proceed with the first delivery of LNG between September 2019 and March 2020.
The contract would be between 5 and 6 billion USD and is considered one of the most important LNG shipping sector.
Pakistan currently has a 15-year contract with Qatar for the supply of LNG. The contract was finalized when Shahid Khaqan Abbasi was Minister of Petroleum in 2016.
Abbasi was arrested on July 18 for alleged bribery in awarding the contract. He denied the allegations.
A Pakistani court on Friday sent former Prime Minister Abbasi into custody in front of the country's anti-corruption body, which was investigating a case of alleged corruption of several billion rupees during the procurement. an LNG import contract from Qatar.
Officials said the current government would ensure the transparency of the contract to avoid criticism of the opposition.
Pakistan was facing severe energy shortages until LNG deliveries from Qatar began after a contract, which solved the problem.
But its demand is increasing, creating pressure for a larger and more efficient supply chain.
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