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Updated · Bloomberg · Jun 29Pakistan LNG Seeks June 30-July 4 Cargo as Hormuz Attacks Disrupt Supply
3 articles · Updated · Bloomberg · Jun 29Summary
- Pakistan LNG issued an emergency tender over the weekend for one liquefied natural gas cargo to arrive between June 30 and July 4.
- Attacks in the Strait of Hormuz have disrupted LNG flows, forcing the state-owned buyer to seek prompt replacement supply.
- Offers for the shipment are due Monday, underscoring how little time Pakistan has to secure fuel.
- The move highlights how quickly the Hormuz flare-up is spilling into regional energy trade and tightening near-term LNG availability.
Insights
With its solar boom saving billions, why must Pakistan still make emergency, high-cost LNG purchases? With 20% of global LNG supply cut, what will it take to reopen the critical Strait of Hormuz? As the Hormuz crisis traps Qatari gas, which new suppliers will permanently reshape Asia's energy map?