Pakistan has secured an emergency liquefied natural gas (LNG) cargo at a price above prevailing Asian spot rates, highlighting mounting pressure to ensure uninterrupted fuel supplies amid tightening global availability.
According to Bloomberg, Pakistan LNG Limited (PLL) purchased the cargo from BP for prompt delivery at $16.74 per million British thermal units (mmBtu)—around $1 per mmBtu higher than the prevailing Asian spot LNG price, which was trading in the mid-$15 range.
The purchase comes as supply disruptions from the Middle East continue to tighten the global LNG market, forcing Pakistan to seek additional cargoes from the spot market despite elevated prices.
Pakistan primarily imports LNG under long-term agreements with Qatar, but supply constraints have increased its reliance on spot purchases to meet domestic demand.
Between April and June, PLL floated four tenders for prompt LNG cargoes. Several failed to attract acceptable offers after suppliers quoted prices that exceeded the government’s expectations.
Earlier this year, Pakistan also imported an LNG cargo from the United States at $18.40 per mmBtu, marking its first LNG shipment in two months.
The latest deal follows another spot tender issued by PLL for deliveries between June 30 and July 4, indicating that the country continues to seek short-term LNG supplies to support its energy needs amid ongoing market volatility.
