Power Crisis Likely To Worsen In July.

ISLAMABAD -- The prevailing power crisis in the country is likely to worsen in July as Pakistan LNG Ltd (PLL) has received poor response from suppliers against tenders of four liquefied natural gas (LNG) cargoes in July. The state-owned company has got only single bid at $39.80/mmbtu.

No company responded to the PLL tender for the supply of three LNG cargoes from spot market for various delivery windows in July, however, one company Qatar Energy has responded to the tender for and quoted $39.80/mmbtu for delivery in July 30-31 window.

On June 16, PLL had floated tenders for the purchase of four Spot LNG cargoes from international suppliers for the deliveries in July 3-4, July 8-9, July 25-26, and July 30-31 windows. No bids were received for the remaining three cargoes of July.

Earlier in June, PLL had scrapped, on technical ground, two bids it received for a tender seeking one spot cargo of LNG for delivery in early July.

For two June deliveries Pakistan LNG Limited...