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 arrests suspect arriving from Cambodia amid crackdown on human smuggling

Updated 14 December 2025
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Pakistan arrests suspect arriving from Cambodia amid crackdown on human smuggling

  • Suspect worked at an “online fraud company” in Cambodia, later started smuggling people from Pakistan, says FIA
  • Pakistan has intensified crackdown against human smugglers after hundreds of migrants drowned near Pylos in 2023

ISLAMABAD: Pakistan’s Federal Investigation Agency (FIA) on Sunday said it had arrested a key suspect involved in smuggling humans who had arrived from Cambodia, alleging he was also part of an international fraud network. 

The suspect, identified as Zainullah, was arrested by FIA officials when he arrived in the southern port city of Karachi from Cambodia. 

Zainullah had traveled from Pakistan to Cambodia in September 2024, a press release issued by the agency said. 

“He worked at an online fraud company in Cambodia and later became involved as an agent in recruiting individuals from Pakistan,” the FIA said. 

The FIA said it recovered images of multiple individuals’ passports, payment receipts and bank transaction records after extracting data from Zainullah’s phone. 

It said the suspect received money through personal bank accounts and a cryptocurrency account.

“The suspect has been handed over to the FIA Anti-Human Trafficking Circle, Karachi, for further legal proceedings,” the FIA said. 

“Further investigation is underway.”

Pakistan intensified action against illegal migration in 2023 after hundreds of migrants, including 262 Pakistanis, drowned when an overcrowded vessel sank off the Greek town of Pylos, one of the deadliest boat disasters in the Mediterranean. 

Authorities say they continue to target networks sending citizens abroad through dangerous routes, following heightened scrutiny at airports and a series of arrests involving forged documents.

Pakistan’s interior ministry said this week illegal migration to Europe has declined by 47 percent this year after its nationwide crackdown, saying that more than 1,700 human smugglers have been arrested in 2025.