Pakistan Secures Emergency LNG Cargo to Support Gas Supply
Pakistan has purchased an emergency liquefied natural gas (LNG) cargo to help strengthen domestic gas supplies amid continued volatility in the global energy market.
According to reports, Pakistan LNG Limited (PLL) purchased the cargo from BP for prompt delivery at a price of US$16.74 per million British thermal units (mmBtu).
The purchase price was above prevailing Asian spot LNG rates, reflecting current market conditions and limited availability of prompt cargoes.
Additional Supplies Sought Amid Market Volatility
Pakistan has traditionally relied on long-term LNG imports, particularly from Qatar, to meet a significant portion of its natural gas demand.
However, recent developments affecting global LNG supply and shipping have increased uncertainty in international energy markets, prompting the country to seek additional cargoes through the spot market.
According to reports, Pakistan LNG Limited issued several tenders between April and June to procure prompt LNG cargoes. Some of these tenders did not result in purchases after quoted prices exceeded the government’s expectations.
Continued Efforts to Strengthen Energy Supply
Earlier this year, Pakistan also imported an LNG cargo from the United States as part of its efforts to diversify supply sources and maintain energy availability.
The latest procurement follows another tender issued by Pakistan LNG Limited for cargo deliveries scheduled between June 30 and July 4.
Officials continue to monitor international energy markets while working to ensure a stable supply of natural gas to meet the country’s energy requirements.
