Pakistan’s LNG dilemma deepens as Middle East energy crisis hits power supply
Pakistan is facing severe power shortages as it struggles to secure affordable liquefied natural gas (LNG) amid a Middle East conflict. The government rejected a high-priced emergency cargo, leading to potential rolling blackouts as the country remains dependent on imported fuel.
Why it matters
The energy crisis underscores the vulnerability of emerging economies to global supply chain disruptions and geopolitical conflicts in energy-producing regions.
Pakistan is facing a worsening electricity crunch after rejecting an emergency liquefied natural gas (LNG) cargo at nearly three times pre-war spot prices, leaving the country with an increasingly difficult choice: pay a steep premium for fuel or risk more power cuts across cities.State-owned Pakistan LNG Ltd. scrapped an emergency tender for a shipment due by September 8 after receiving a sole offer from BP Plc at $27 per million British thermal units (MMBtu), traders told Bloomberg.
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