Pakistan Rushes to Buy Emergency LNG After Qatar Cargo Is Canceled

AI Summary

Pakistan is urgently seeking spot LNG supplies after a cargo from Qatar was canceled due to renewed hostilities in the Strait of Hormuz. Pakistan LNG has issued a tender for delivery in mid-July to meet energy demands.

Pakistan is forced to turn to the spot LNG market once again after the re-escalation in the Strait of Hormuz has canceled a cargo from Qatar. State-controlled Pakistan LNG has just issued a tender to buy an LNG cargo for July 15-16 delivery. The decision was taken on Wednesday, after the renewed hostilities led to the cancellation of one LNG cargo from Qatar that was supposed to arrive in Pakistan later this month, anonymous traders familiar with the matter told Bloomberg on Thursday. Pakistan, which has historically received nearly all its LNG…