Overview
- Pakistan LNG Limited, which approved the deal Saturday, will take a TotalEnergies cargo priced at about $18.4 per mmBtu that is slated to berth at Port Qasim on April 30 aboard the Seapeak Magellan.
- Authorities rejected two higher‑priced May offers after receiving four bids in total for three slots, with quoted prices spanning $17.997 to $18.88 per mmBtu for deliveries through May 14.
- The single shipment will not cover full needs for gas‑fired power, as officials say four RLNG plants require roughly 720 mmcfd to generate about 4,800 MW at full load.
- Security trouble around the Strait of Hormuz forced Qatar‑bound cargoes to turn back, leaving about 5,500 MW of RLNG capacity idle and pushing distribution companies to manage short power cuts.
- Hydropower releases have eased evening gaps to about one to two hours of load management, yet elevated LNG costs near an estimated $23 per mmBtu after regasification threaten higher monthly fuel charges for households and businesses.