Pakistan rejects LNG bids from BP Singapore, TotalEnergies over pricing

ISLAMABAD: Pakistan on Thursday rejected two bids from BP Singapore and TotalEnergies for the import of liquefied natural gas (LNG), priced at $17.28 and $16.98 per million British thermal unit (mmBtu), respectively, for delivery next week and in the last week of the current month. State-run Pakistan LNG Limited (PLL) received a total of seven bids — three cargoes for May 12-14 and four for May 24-26 — against urgent tenders floated a day earlier. For the first cargo, PetroChina bid $17.69 per m...