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Pakistan Rejects LNG Bids as Energy Crisis Deepens

OilPrice · Irina Slav · last updated
Pakistan has rejected the lowest bid under an urgent tender for two liquefied natural gas cargoes launched earlier this month. The country received a total of seven bids, none of which were apparently priced low enough. Pakistan on Wednesday issued a tender seeking to urgently buy two LNG cargoes for delivery later this month as the country struggles to cope with a gas and power crisis amid disrupted LNG supplies from the Middle East. In response, it received bids from BP, Vitol, TotalEnergies, Azerbaijan’s SOCAR Trading, Emirati-based OQ…