Pakistan LNG awards tender to Vitol, first spot purchase in over a year

This representational photo shows an offshore LNG regasification terminal, the FSRU Toscana, is towed into Valletta's Grand Harbour July 1, 2013. (REUTERS/File)
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Updated 05 October 2023
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Pakistan LNG awards tender to Vitol, first spot purchase in over a year

  • Last week, PLL issued tender seeking two spot LNG cargoes for delivery on Dec. 7-8 and 13-14
  • It received bids from Vitol and Trafigura for the Dec. 7-8 delivery window at $15.97/mmBtu and $18.39/mmBtu 

Pakistan LNG Limited (PLL) awarded a tender to commodities trader Vitol for the delivery of a liquefied natural gas (LNG) cargo in December, a source with knowledge of the matter said on Thursday, making it the country’s first spot purchase in over a year.

Last week, PLL issued a tender seeking two spot LNG cargoes for delivery on Dec. 7-8 and 13-14. It received bids from Vitol and Trafigura for the Dec. 7-8 delivery window at $15.97 per million British thermal units (mmBtu) and $18.39/mmBtu respectively. It received one bid from Trafigura at $19.39/mmBtu for the Dec. 13-14 delivery window.

Asian spot LNG prices rose to $15/mmBtu last Friday on increased demand in Asia and supply concerns in Europe.

Grappling with high inflation and a foreign exchange crisis, Pakistan has struggled with spot purchases of super-chilled fuel after Russia’s invasion of Ukraine last year pushed prices to record highs, leaving the South Asian nation to face widespread power outages.

Natural gas accounts for over a third of power generation in Pakistan, and LNG imports are crucial as local gas reserves are insufficient to address growing electricity demand.

PLL last awarded a spot tender to PetroChina for the delivery of two LNG spot cargoes in June 2022, when China’s state-owned energy giant offered the lowest bids of $23.96/mmBtu for a June 1-2 delivery and $22.49/mmBtu for a June 28-29 delivery.

PLL had issued tenders in June this year, seeking a total of nine LNG cargoes for delivery from October to February, and received bids from Trafigura, but did not pick them up as the price levels were too high.


Pakistan urges Afghan rulers to ‘rid their soil of terrorists’ at regional meeting in Tehran

Updated 14 December 2025
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Pakistan urges Afghan rulers to ‘rid their soil of terrorists’ at regional meeting in Tehran

  • Iran hosts meeting of special representatives on Afghanistan from Pakistan, China, Russia, Central Asian countries
  • Pakistan alleges militants use Afghan soil to launch attacks against it, charges the Afghan Taliban deny repeatedly

ISLAMABAD: Pakistan’s special envoy on Afghanistan Mohammad Sadiq urged rulers in Kabul on Sunday to rid their soil of “terrorists,” saying the move would inspire confidence in its neighbors to engage with the country.

Sadiq, who is Pakistan’s special representative to Afghanistan, was part of a high-level meeting hosted by Iran in Tehran to discuss issues related to Afghanistan. The meeting featured Afghan affairs representatives from Pakistan, Tajikistan, Uzbekistan, Turkmenistan, China and Russia, Iranian state news agency IRNA said. 

Pakistan blames a surge in attacks on its soil on militants it says are based in Afghanistan, a charge Kabul denies. The allegations have caused tensions between the neighbors to rise, resulting in deadly border clashes in October that saw dozens of soldiers killed on both sides. 

“It is imperative that the current de facto rulers [in Afghanistan] take steps to ameliorate their suffering,” Sadiq wrote on social media platform X. 

“And the foremost step in this regard would be to rid their soil indiscriminately of all types of terrorists.”

Sadiq said he agreed with other participating countries during the meeting that the “threat of terrorism” originating from Afghanistan’s soil is a “big challenge” for the region. 

“Also made this point that only an Afghanistan that does not harbor terrorists will inspire confidence in the neighboring and regional countries to meaningfully engage with Afghanistan, helping to realize the country’s immense economic and connectivity potential,” he concluded. 

Officials from Pakistan and Afghanistan engaged in three rounds of peace talks in Türkiye, Qatar and Saudi Arabia since the October clashes but were unable to reach an agreement. 

While Pakistan has vowed it would go after militants in Afghanistan that threaten it, Kabul has said it would retaliate to any act of aggression from Islamabad.