Pakistan has purchased its most expensive spot liquefied natural gas (LNG) cargo in four years as global energy prices continue to surge amid supply concerns linked to tensions around the Strait of Hormuz.
According to official bid documents, Pakistan LNG Limited (PLL) awarded the July 21–22 LNG cargo to PetroChina International at $20.6999 per MMBtu, the lowest bid received during the tender. BP Singapore also participated, submitting a bid of $21.3737 per MMBtu.
The purchase price is nearly double the rate Pakistan pays under its long-term LNG supply agreement with Qatar, highlighting the sharp increase in spot market prices driven by geopolitical uncertainty in the Middle East.
Pakistan Approves Lowest-Bid LNG Spot Cargo to Meet Growing Energy Demand
The latest procurement reflects Pakistan’s efforts to secure adequate fuel supplies despite rising global costs and a highly volatile energy market. Analysts say concerns over potential disruptions in the Strait of Hormuz—a critical route for global oil and LNG shipments—have pushed spot LNG prices to multi-year highs.
With international energy markets remaining uncertain, Pakistan is expected to continue monitoring global developments closely while balancing energy security with the financial impact of higher import costs.
