Pakistan, Oct. 16 -- State-owned Pakistan LNG Limited has cancelled a tender to buy liquefied natural gas over a 10-year period and may turn to the spot market instead, two sources familiar with the matter told Reuters on Tuesday.
The company issued the tender in early June to import 240 LNG cargoes of 140,000 cubic metres each for delivery over 10 years for the country's second LNG terminal.
But it has decided to cancel the tender due to inadequate demand for the super-chilled fuel, one of the sources said.
"(The company) has decided not to proceed with technical evaluation and opening of commercial offers as there is no demand against this tender," the source added, declining to be identified.
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