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Updated · Bloomberg · Apr 24Pakistan LNG Ltd purchases first spot LNG cargo in two years from TotalEnergies
8 articles · Updated · Bloomberg · Apr 24
- The shipment, secured via a tender, is scheduled for April 27-30 delivery to Pakistan and was chosen over two other potential cargoes.
- This marks Pakistan's return to the spot LNG market as it seeks to address a domestic gas shortage driven by Middle East conflict.
- Pakistan had avoided spot LNG purchases for over two years due to high prices, but supply disruptions have forced a change in procurement strategy.
With Qatari supplies cut off, can a new energy deal with Azerbaijan save Pakistan from economic collapse? As fuel prices soar, will Pakistan's harsh austerity measures be enough to prevent a national default? Has the Middle East conflict permanently broken the reliability of LNG for developing nations? Is Pakistan's solar boom a true energy solution or just a temporary patch for a catastrophic fuel crisis? How is the de facto closure of the Strait of Hormuz permanently redrawing the map of global energy trade?