Pakistan Seeks Additional Qatar LNG Cargo Amid Rising Spot Prices

Pakistan is making efforts to secure an additional liquefied natural gas (LNG) cargo from Qatar for delivery around August 25 or 26, as international spot LNG prices continue to rise. According to officials familiar with the matter, Pakistan is facing growing pressure to maintain adequate LNG supplies due to regasified LNG being a crucial component of its energy mix.

The country's two LNG terminals are currently supplying around 130 million cubic feet per day (mmcfd) each to the national gas network. International spot LNG prices have climbed to around $21.22 per million British thermal units (MMBtu), with landed costs estimated at approximately $22.30 to $23 per MMBtu.

The move is aimed at ensuring uninterrupted gas supplies while helping Pakistan avoid another costly purchase from the international spot market. Authorities are reportedly reluctant to conduct another conventional spot tender due to elevated prices in the global LNG market, and instead efforts are being focused on obtaining additional supplies from Qatar.