Pakistan makes third attempt to secure spot LNG cargo for Sept amid soaring prices
Pakistan has issued a third tender for a spot LNG cargo for September after rejecting previous bids due to high prices. The country faces energy supply challenges amid rising global prices and geopolitical tensions in the Strait of Hormuz.
Why it matters
The struggle to secure affordable energy highlights Pakistan's economic vulnerability to global market fluctuations and regional instability.
ISLAMABAD: Pakistan has made a third attempt to secure a spot LNG cargo for September as surging international prices and mounting shipping risks linked to the Strait of Hormuz continued to complicate efforts to meet the country’s gas requirements.
Pakistan LNG Limited (PLL) has issued a fresh tender seeking bids from international LNG suppliers and traders for one spot cargo of around 140,000 cubic metres, scheduled for delivery during the September 12-16 window.
The bids are scheduled to be opened on September 8, as authorities seek to secure additional gas supplies without locking the country into another prohibitively expensive cargo at a time when global LNG prices remain under intense pressure.
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