Pakistan, April 26 -- State-run Pakistan LNG Limited (PLL) has approved a revised bid of $18.4 per million British thermal units (mmBtu) from TotalEnergies for delivery between April 27 and 30, while rejecting all other bids, it emerged on Saturday.

TotalEnergies had initially bid $18.88 per mmBtu but later revised its offer downward to $18.4 following negotiations.

After internal consultations, the authorities rejected all other bids for the first half of May, anticipating the reopening of the Strait of Hormuz. On Friday, PLL had received four bids at $17.997 to $18.88 per mmBtu for delivery between April 27 and May 8.

A total of four bids were received from three bidders, and three were declared the lowest.

Vitol Bahrain's bid of $1...