ISLAMABAD (S Awan) Pakistan has received expensive bids from international companies to get spot LNG supply for December and January. According to sources, the bids received for the supply of LNG cargoes have been opened, with the price of one cargo reaching $31 per mmbtu.

According to the sources, a total of three bids were received from international companies for the supply of LNG in December and January. Two bids were received for delivery during December 14 to 16, in which the minimum bid was 24 billion 43 crore 39 lakh rupees while the maximum bid was 27 billion 77 crore 60 lakh rupees.

Sources said the minimum bid for December LNG cargo was $27.27 per mmbtu while the maximum bid was $31 per mmbtu. According to the maximum bid, the cost of one LNG cargo reaches 27 billion 776 million rupees.

Similarly, a bid was received for delivery during January 9 to 11, with a total value of 24 billion 281.6 million rupees. The bid for January LNG cargo stands at $27.01 per mmbtu.

According to sources, the lowest bids received will be submitted to the board of Pakistan LNG Limited (PLL) for approval, after which a final decision on supply will be taken.