ISLAMABAD: Two top global LNG suppliers have stayed away from participating in the bid to procure 200 million cubic feet per day (mmcfd), following a case taken by National Accountability Bureau (NAB) on LNG terminal and imports from Qatar.

Officials familiar with the development say that global investors were not taking interest in Pakistan’s LNG market following NAB’s activism regarding LNG projects. Pakistan LNG Limited (PLL) had invited bids for supply of 240 LNG cargoes over a period of 10 years with the arrival of two cargoes a month.

Only four companies participated in the tender as they had been qualified in technical bids. These companies included Italian energy giant Eni, Trafigura, Socar of Azerbaijan and Chinese firm PetroChina. “Two global LNG suppliers, who are also LNG producers, purchased tenders, however, the arrest of former prime minister Shahid Khaqan Abbasi raised fears among global LNG suppliers,” said officials, adding that these two global LNG suppliers stayed away from submitting bid documents to participate in the tender.
source: Express Tribune