Overview
- Pakistan LNG Limited launched an urgent fast-track tender on Wednesday seeking one spot LNG cargo for delivery on June 6–7 with bids due in less than 24 hours.
- Officials have said the government secured three Qatari long‑term cargoes plus an additional spot shipment to bolster supply for power generation over the summer.
- A spot cargo for the June 6–7 window was awarded at about $19.13 per million British thermal units, a price well above the roughly $16/MMBtu cost of contracted Qatari cargoes but below some earlier spot offers.
- The country faces an estimated daily electricity gap of about 4,000 megawatts after QatarEnergy export disruptions forced a force majeure, prompting diversion of cheaper domestic gas to power plants at heavily subsidized rates and requests for full cost‑recovery spot imports.
- Analysts say the effective closure of the Strait of Hormuz and curtailed Qatar exports have flipped Pakistan’s market from oversupply to short supply, raising fiscal strain, increasing the risk of higher consumer tariffs, and making further urgent purchases likely this summer.