lng News

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Pakistan back to spot LNG market after renewed Hormuz escalation

Pakistan LNG has issued a tender to procure an emergency LNG cargo for delivery on July 15-16, after renewed hostilities in the Strait of Hormuz forced the cancellation of a scheduled shipment from Qatar.

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Pakistan, Qatar boost LNG cooperation

Pakistan has expressed gratitude to Qatar for its timely facilitation in ensuring uninterrupted LNG supplies during a critical period marked by congestion in the Strait of Hormuz and surging summer power demand.

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Pakistan rushes for spot LNG amid Hormuz disruption

Pakistan LNG Limited (PLL) has issued a fresh tender seeking two spot liquefied natural gas (LNG) cargoes, as uncertainty over contracted Qatari supplies persists due to shipping disruptions around the Strait of Hormuz.

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Pakistan turns down cheapest LNG offers

Pakistan has rejected the most competitively priced bids in a recent liquefied natural gas procurement drive, passing over offers from BP Singapore and TotalEnergies that came in at $17.2848 and $16.98 per million British thermal units (mmBtu) respectively, the two lowest among seven submissions received.

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Pakistan turns to spot LNG market again with fresh two-cargo tender

State-run Pakistan LNG Ltd. has issued a tender seeking bids for two spot LNG cargoes, according to notices released on May 6 and seen by Platts, part of S&P Global Energy.

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Govt ends load shedding after LNG arrival

The government has declared an end to load shedding across the country after a fresh LNG supply eased pressure on the power system, bringing relief following days of outages.

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Abu Dhabi National Oil-backed company looks to invest in LNG terminals in Pakistan

Energy storage company VTTI BV is looking to invest in LNG import terminals in Asian countries, including Pakistan, as demand for the fuel increases...

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LNG supply chain SPA between Diamond Gas, Bison Energy approved by CCP

The Competition Commission of Pakistan (CCP) has granted approval until December 2025 on the LNG supply chain component of the Share Purchase Agreement (SPA)...

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Asia's March LNG imports surge amidst favorable spot prices

Asia's imports of liquefied natural gas (LNG) rose sharply in March as the top-buying region took advantage of lower spot prices to draw cargoes away from...

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Fitch slashes 2024 gas price forecast on weaker demand, ample supply

Fitch Ratings has cut its 2024 gas price assumptions due to weaker demand and ample supply expectations in the....

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