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11.09.26 - 03:15
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Pakistan′s Energy Crisis Set To Ease As Qatari LNG Breaks Through Hormuz (ZeroHedge)
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Pakistan's Energy Crisis Set To Ease As Qatari LNG Breaks Through Hormuz
Authored by Irina Slav via OilPrice.com,
Pakistan is about to get some energy relief with tankers carrying Qatari LNG set to arrive in the country this month. The first cargo is seen arriving as early as Thursday, Bloomberg reported, citing ship-tracking data.
Pakistan has been struggling to keep the lights on after Qatar declared force majeure on its exports following Iranian strikes that caused damage to its Ras Laffan LNG hub. Since then, Pakistan has been forced to turn to spot LNG markets and pay hefty premiums for the occasional shipment. Qatar was the biggest supplier of liquefied natural gas to the South Asian nation, under long-term contracts.
The country has issued several prompt liquefied gas delivery tenders over the past three months, consistently paying $20 per million British thermal units and more-a tender earlier this month ended without an order, after Pakistan's state gas company only received one off...
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