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Pakistan seeks extra spot LNG cargoes after Strait of Hormuz disruption
The government is weighing at least one additional July cargo, with up to six more planned for August delivery, after shipments from Qatar were cut off.
Pakistan is looking to buy additional spot liquefied natural gas cargoes for July and August after a renewed halt to Strait of Hormuz shipping disrupted deliveries from its key term supplier, Qatar, according to OilPrice citing Bloomberg.
The Pakistani government is close to finalizing a plan to procure at least one extra LNG cargo for delivery this month, with as many as six additional cargoes targeted for August, the report says.
OilPrice adds that this week state-controlled Pakistan LNG Ltd bought its most expensive spot LNG cargo in four years via a tender that closed Wednesday, with delivery scheduled for early next week.
The cargo was reportedly purchased at about $20.7 per million British thermal units, and the outlet links the higher cost to the recent re-escalation of the Hormuz crisis, which cut off cargoes from Qatar.
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