Pakistan Plans Fresh LNG Purchases Amid Strait of Hormuz Shutdown

AI Summary

Pakistan plans to purchase additional spot LNG cargoes for deliveries in July and August due to disruptions from the Strait of Hormuz shutdown affecting shipments from Qatar. The government is close to finalizing purchases of one cargo for July and up to six for August to mitigate supply challenges.

Pakistan is looking to buy additional spot LNG cargoes for July and August delivery as the fresh halt to Strait of Hormuz traffic has disrupted shipments from its term supplier, Qatar. The Pakistani government is close to finalizing a plan to buy on the spot market at least one additional LNG cargo for delivery this month, and as many as six for August delivery, unnamed sources familiar with the development told Bloomberg on Friday.  This week, state-controlled Pakistan LNG Ltd has bought the most expensive cargo of liquefied natural gas on…