Pakistan secures another Qatari LNG cargo
LONDON: Pakistan has negotiated with Iran to secure safe passage through the Strait of Hormuz for another liquefied natural gas (LNG) shipment, providing some relief to the country as it faces a growing energy crunch, Bloomberg reported on Monday. According to the report, the LNG tanker, which loaded its cargo from Qatar’s Ras Laffan facility in late June, crossed the Strait of Hormuz over the…
Pakistan has successfully negotiated a safe passage through the Strait of Hormuz for another LNG shipment from Qatar, according to Business Recorder. The LNG tanker, which loaded its cargo from Qatar’s Ras Laffan facility in late June, is expected to reach Pakistan’s LNG import facility by Tuesday, according to ship-tracking data.
This marks the second Qatari delivery this month, following the arrival of another tanker carrying LNG from Qatar in early July. The successful delivery is a relief for Pakistan, which is currently facing a growing energy crunch due to geopolitical disruptions and high spot market prices. The country heavily relies on long-term supply deals with Qatar for stable and affordable LNG, but renewed hostilities in the Strait of Hormuz led to the cancellation of a Qatari LNG shipment scheduled for July 2026 and prompted Qatar to declare force majeure, disrupting LNG imports.
Pakistan’s Petroleum Minister Ali Pervaiz Malik warned that the price of fuel could rise to Rs1,000 per litre if a shortage develops, while noting that there is currently no fuel shortage in the country.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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