Qatar Delivers Second Consecutive LNG Cargo to Pakistan Amid Gas Supply Constraints
A second LNG cargo from Qatar arrived in Pakistan on Wednesday morning, berthing at the PGPL terminal under a long-term agreement. This shipment is the second consecutive Qatari LNG cargo received by Pakistan this month.
The vessel SHANDONG REDWOOD carried around 81,936 metric tonnes of LNG from Qatar's Ras Laffan terminal, crossing the Strait of Hormuz on its way to Pakistan. The price of this cargo is equivalent to 13.37% of Brent.
This development provides some relief to Pakistan's power sector amid continued gas supply constraints and prolonged load shedding in several areas. Pakistani authorities engaged diplomatically with Iranian authorities to facilitate the smooth passage of the LNG vessels through the Strait of Hormuz.
Pakistan relies heavily on imported LNG to meet the requirements of the power and industrial sectors, making safe passage of future shipments critical to maintaining supplies to Pakistan's energy system.