LNG

Soaring LNG prices have propelled up Pakistan power generation cost by 38% year-on-year, analysis by local brokerage Arif Habib Ltd shows. The latest cargo, delivered in late July, was purchased from TotalEnergies $21.88/MMBtu – the highest price Pakistan LNG ever paid for a spot cargo.

BGC Partners of the US, a leading global brokerage and financial company, has completed the acquisition of Poten and Partners Group, a ship brokerage, consulting and business intelligence firm specialising in LNG, tankers and the liquefied petroleum gas markets.