Pakistan has initiated procurement for a fifth spot liquefied natural gas (LNG) cargo for July, intensifying its scramble to secure fuel amid compounding supply shocks.
The state-owned Pakistan LNG Limited (PLL) is acting to meet surging domestic electricity demand while navigating a constrained global market.
This latest tender follows a series of emergency purchases, including a recent deal with BP Singapore at $18.
This latest tender follows a series of emergency purchases, including a recent deal with BP Singapore at $18.2345 per million British thermal units (mmBtu), as the country struggles to stabilize its energy mix.
The urgency stems from Qatar’s ongoing force majeure declaration, which has severely limited contracted LNG flows to Pakistan.
With long-term supply lines disrupted, Islamabad is increasingly exposed to spot market volatility.
The situation is further complicated by renewed tensions between the US and Iran, which threaten shipping routes through the Strait of Hormuz.