Pakistan, May 9 -- Pakistan LNG Limited, a government subsidiary that procures LNG from the international market, has cancelled two of the lowest bids, expecting the situation in the Middle East to improve, which will lead to the opening of the Strait of Hormuz and the resumption of Qatari supplies.

Pakistan LNG Ltd. did not award an emergency tender seeking two shipments for May delivery that closed Thursday, reported Bloomberg on Friday, citing traders with knowledge of the matter.

As per the report, the government decided on the view that the conflict between the US and Iran was easing, and that Pakistan would soon receive two cargoes from Qatar.

Last week, PLL invited bids from international suppliers for the procurement of two LNG...