Pakistan LNG Limited awarded a spot LNG cargo at USD 21.88 per MMBtu, the highest price paid since March 2026, as disrupted Qatari supplies kept Pakistan dependent on costly short-term imports.
TotalEnergies Gas and Power Limited submitted the only bid for the 140,000-cubic-metre cargo. Pakistan LNG Limited found the offer technically and commercially compliant and accepted it for delivery on July 27–28.
The purchase marks Pakistan’s seventh spot LNG cargo since QatarEnergy declared force majeure on March 4 following an attack on its Ras Laffan production complex. The supplier has extended the disruption through at least August.
The latest price exceeded the USD 20.6999 per MMBtu paid to PetroChina International for a cargo scheduled for July 21–22. Pakistan LNG Limited awarded that contract on July 15.
Pakistan is expected to receive 12 LNG cargoes during the current supply period. These include seven spot purchases through international bidding and five government-to-government cargoes supplied by QatarEnergy under its long-term agreement.
Read: RLNG prices raised 15% by OGRA for June
Energy-sector officials said the federal government continued purchasing expensive spot cargoes to maintain gas supplies for power generation and industrial users.
The estimated LNG-based electricity generation is at about PKR 35.5 per unit. LNG-fired plants produced 1,480 gigawatt-hours in June 2026, accounting for 11.02% of Pakistan’s total electricity generation.
Continued purchases at elevated spot prices could increase fuel costs for electricity generation, although any tariff adjustment would remain subject to the applicable regulatory process.
