State-owned Pakistan LNG has purchased a cargo for late July delivery at nearly $21.88 per million British thermal units on Monday, its highest price since 2022, Bloomberg reported. In August, Pakistan seeks to buy more cargoes.
State-owned Pakistan LNG Ltd has issued a spot tender seeking a (LNG) cargo for delivery in late July, as Islamabad takes precautions for a longer disruption of shipping through the Strait of Hormuz from its main supplier, Qatar. In addition, Pakistan prepares to buy up to six LNG cargoes in August.
Petronas has announced the first LNG cargo from its share in the LNG Canada project will be destined to Toho Gas, a Japanese city gas utility. Speaking at the LNG Producer-Consumer Conference in Tokyo, a Petronas official also said the company’s third FLNG project offshore Malaysia is scheduled to start production in 2027.