Pakistan Seeks Another Qatari LNG Cargo Amid Soaring Prices

Pakistan is intensifying efforts to secure an additional liquefied natural gas (LNG) cargo from Qatar for delivery around August 25-26. The move aims to avoid another costly purchase from the international spot market amid surging prices.

The country's authorities are pursuing the Qatari cargo through diplomatic and commercial channels, considering supply disruptions and heightened security concerns in the Strait of Hormuz that continue to put pressure on LNG availability.

International spot LNG prices have climbed to around $21.22 per million British thermal units (MMBtu), with the landed cost in Pakistan estimated at roughly $22.30-$23 per MMBtu after including freight, handling, and other charges.