Pakistan buys costliest LNG spot cargo for July
Pakistan has purchased its most expensive spot liquefied natural gas (LNG) cargo to date, paying $21.88 per MMBtu for a July delivery. The procurement was approved by Pakistan LNG Limited after receiving only a single bid from TotalEnergies.
Why it matters
High energy costs place significant strain on Pakistan's economy and foreign exchange reserves, impacting the country's overall financial stability.
--> Home Pakistan Pakistan buys costliest LNG spot cargo for July .
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> Pakistan has purchased its most expensive spot liquefied natural gas (LNG) cargo for July as the Pakistan LNG Limited (PLL) board approved the procurement at $21.88 per million British thermal units (MMBtu), sources said on Monday.
The cargo, scheduled for delivery on July 27-28, was awarded after PLL received only a single bid in response to its tender.
According to sources, TotalEnergies Gas & Power submitted the lone offer of $21.88 per MMBtu for the fifth LNG cargo to be delivered in July, which was subsequently approved by the PLL board.
The latest purchase marks the highest-priced LNG spot cargo procured by Pakistan for July so far.
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> COMMENTS
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in