Pakistan has opened an urgent LNG procurement tender after fighting in the Strait of Hormuz disrupted energy transportation and an LNG tanker from Qatar canceled its delivery.
On July 9, 2569 at 12.27:XNUMX p.m., Bloomberg News reported that Pakistan is urgently seeking to procure liquefied natural gas (LNG). Following escalating fighting in the Strait of Hormuz, energy shipping routes have been disrupted, causing a halt to gas deliveries from Qatar.
Pakistan LNG, a Pakistani state-owned enterprise, has opened a tender for the purchase of one LNG shipment for delivery between July 15-16, with bidders required to submit proposals by Friday, according to an announcement on the company's website.
Sources in the energy trading industry revealed that the Pakistani government approved the auction on Wednesday after an LNG tanker from Qatar scheduled for delivery this month was cancelled.
Shipping through the Strait of Hormuz was nearly brought to a standstill after the United States launched a second day of attacks on Iran in retaliation for attacks on commercial ships in the route, including LNG tankers. This resulted in gas tankers from Qatar, bound for Pakistan, having to cancel their passage through the Strait of Hormuz earlier this week.
Data indicates that last year, Pakistan imported almost all of its LNG under long-term contracts with Qatar, making the country heavily reliant on supplies from the Middle East. With regional conflicts escalating since late February, Pakistan faces increased energy risks.
In recent weeks, the Pakistani government has been forced to purchase at least two shipments of LNG from the spot market, despite the higher cost, to prevent domestic gas shortages.
refer : bloomberg.com
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