ISLAMABAD: Pakistan LNG Limited bought a spot Pakistan LNG cargo from Total Energies for July 10–11 delivery at $17.37 per mmBtu, Bloomberg reported
The cargo was sold to the state-owned buyer as Pakistan sought replacement supplies for cancelled Qatari shipments, the report said, citing traders familiar with the matter.
The purchase marked Pakistan’s second spot LNG procurement in two weeks, according to the Bloomberg report.
The disruption followed constrained LNG exports from Qatar through the Strait of Hormuz, a key energy route connecting the Persian Gulf with global markets.
Bloomberg reported that LNG traffic through Hormuz had increased after the United States and Iran signed an interim agreement.
Flows had not returned to pre-war levels, the report said. The latest price was higher than Pakistan’s long-term Qatari supply costs, which it placed around $10 to $12 per mmBtu.
Read: Pakistan May Face LNG Shortage After April 14 as Qatar Supply Disrupts
Pakistan had also secured recent spot cargoes from BP Singapore at $16.74 per mmBtu and $19.13 per mmBtu.
Iranian army spokesperson Amir Akraminia said Iran’s military had used the ceasefire to improve combat capability.
He made the remarks during the funeral of Supreme Leader Ali Khamenei.
