Pakistan LNG issues first spot tender since late 2023
Pakistan is seeking three LNG cargoes for delivery through May to meet rising power demand. The tender follows supply disruptions caused by regional conflict.
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Pakistan LNG Limited (PLL) issued a tender for three spot cargoes on Thursday, its first such purchase request since December 2023. The move follows a total halt in shipments from Qatar after Iran closed the Strait of Hormuz on February 28. For investors, the tender signals that Pakistan cannot yet decouple from volatile spot markets despite its pivot toward renewable energy.
