Pakistan Rejects LNG Bids as Energy Crisis Deepens

Pakistan has rejected the lowest bid under an urgent tender for two liquefied natural gas cargoes launched earlier this month. The country received a total of seven bids, none of which were apparently priced low enough. Pakistan on Wednesday issued a tender seeking to urgently buy two LNG cargoes for delivery later this month as the country struggles to cope with a gas and power crisis amid disrupted LNG supplies from the Middle East. In response, it received bids from BP, Vitol, TotalEnergies, Azerbaijan’s SOCAR Trading, Emirati-based OQ…