Pakistan LNG Limited Issues Emergency Tender for 140,000 m³ Spot LNG Cargo
PLL has opened a tender for a spot LNG cargo to be delivered early September as a shortage of re‑gasified LNG deepens load‑shedding across the country.
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Desk Analysis
How This Affects the Exchange
Sector Effect
Negative · Do not buy
Power sector faces higher fuel costs and load‑shedding risk, so avoid related stocks.
Sectors & Direction
Desk read
Desk call: Do not buy · Negatively affected
- PowerNegatively affected
Companies
Mentions in This Briefing
Sectors: Power — Negative · Do not buy. PSX tickers: HUBC, KEL, PPL. Power sector faces higher fuel costs and load‑shedding risk, so avoid related stocks.
Full Story
Open on ProPakistani## Government launches emergency LNG tender
Pakistan LNG Limited (PLL), the state‑owned entity that procures liquefied natural gas for the country, announced on Sunday a fresh tender for a spot LNG cargo of 140,000 cubic metres (±5%). The cargo must be delivered at the Pakistan Gas Port Consortium terminal in Port Qasim, Karachi, between 4 September and 8 September 2026.
## Why the tender is needed
The tender follows a wave of prolonged power outages that the federal government blamed partly on an acute shortage of LNG for power generation. No spot LNG purchases were made in August, and only a single cargo arrived under the long‑term Qatar agreement, leaving the power sector scrambling for fuel.
## Tender details
- Tender issued: 30 August 2026 - Bid submission deadline: 2 p.m. on 1 September 2026 (technical offers) - Commercial bids opened: 3:30 p.m. on the same day - Award decision: Expected by 10 p.m. on 1 September - Delivery window: 4‑8 September 2026 - Quantity: 140,000 m³ ±5% - Evaluation: Lowest price in USD per MMBtu on a Delivered Ex Ship basis - Eligibility: Suppliers must have delivered at least eight cargoes in the past 24 months and provide a $300,000 bid bond plus a 10% performance guarantee.
## Market context
The emergency procurement underscores the vulnerability of Pakistan’s power sector to LNG supply shocks. Higher spot LNG prices are likely to raise generation costs for utilities, pressuring profit margins and potentially widening the fiscal gap for power‑sector companies.
## Outlook
PLL expects to award the contract on the same day bids close, aiming to secure the fuel needed to alleviate load‑shedding. The outcome will be closely watched by investors in power‑generation firms and related infrastructure stocks.