Pakistan is looking to buy liquefied natural gas (LNG) for the winter, but it couldn’t find any sellers in a recent tender, which highlights the fact that the natural gas market in Asia is tight. Pakistan has issued a tender seeking eight LNG cargoes for delivery in December and January, but has not received any bids, according to a document from Pakistan LNG. Industry sources told Reuters that the main driver behind the lack of offers was the long validity period of the offers, 15 days, considering the volatile prices of spot LNG cargoes in Asia right now. It was not immediately clear if Pakistan will re-issue the tender at a later stage. Pakistan is one of the price-sensitive buyers of spot LNG cargoes in Asia, but it still needs spot supply on top of its contractual term LNG deliveries to meet gas demand and avert a power crisis. […]