Pakistan has issued an urgent tender to secure a liquefied natural gas cargo this week. The move follows renewed disruptions in the Strait of Hormuz.
State-owned Pakistan LNG Limited invited international suppliers to submit bids. The company seeks one spot LNG cargo on a delivered ex-ship basis.
The cargo will arrive at Port Qasim between Tuesday and Saturday. Officials requested 140,000 cubic metres of LNG with a 10 percent tolerance.
Hormuz Tensions Disrupt Energy Supplies
The Strait of Hormuz remains one of the world’s busiest energy shipping routes. Consequently, any disruption threatens global LNG supplies.
Qatar supplies a significant share of Pakistan’s imported LNG. Therefore, shipping disruptions have increased concerns over domestic energy security.
Buyers often turn to the spot market during supply interruptions. However, spot cargoes usually cost more and remain harder to obtain.
Pakistan Responds to Rising Energy Demand
Pakistan has faced growing energy supply challenges in recent weeks. Therefore, authorities continue seeking additional LNG cargoes to meet domestic demand.
The latest tender follows attacks on commercial vessels in the Strait of Hormuz. Those incidents have raised concerns among shipowners, insurers, and energy buyers.
Earlier, Pakistan purchased LNG from the spot market on June 11. Before that, the government relied on long-term cargoes from Qatar.
Meanwhile, Pakistan’s domestic gas production continues to decline each year. As a result, the country’s dependence on imported LNG continues increasing.
