Pakistan Pays Highest Spot LNG Price in Four Years as Qatar Supply Falters
State-controlled Pakistan LNG Ltd has bought the most expensive cargo of liquefied natural gas on the spot market in four years as the recent re-escalation of the Hormuz crisis cut off cargoes from its term supplier, Qatar. The state-owned Pakistani LNG importer has bought a cargo for delivery early
Source: OilPrice.com
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DW NOTE
Pakistan just paid its highest spot LNG price since 2022 after Qatar — which supplies most of its gas under long-term contract — failed to deliver. This is what energy dependence looks like when the supplier decides the terms matter less than you thought. The Strait of Hormuz has been closed for three days, which means every LNG importer without supplier diversification is now bidding against everyone else for cargoes that can still move.