Islamabad: Amid heightened tensions in the Middle East and potential disruptions in global supply chains, Pakistan has secured two liquefied natural gas (LNG) cargoes to maintain energy stability in the country.
According to sources, one of the secured cargoes is a spot LNG shipment purchased from the Singapore market at approximately $19 per MMBtu. The cargo is expected to arrive at Port Qasim terminal by June 6 or 7.
The second LNG cargo is being procured under Pakistan’s long-term strategic agreement with Qatar. Earlier in May, Pakistan had already received three LNG cargoes from Qatar, which helped support the national energy supply system.
Government sources said that due to rising electricity demand during the summer season and increased pressure on the power sector, imports of LNG have been officially allowed to be increased.
They added that these cargoes are being arranged on a “full cost recovery” basis to ensure no additional burden is placed on the national exchequer.
Officials also noted that recent technical issues and security-related concerns have affected domestic gas production, making these emergency imports necessary to avoid large-scale load shedding across the country.