Islamabad seeks 1 million tons of LNG as power demand rises, but high spot prices delay contract awards.
Pakistan has issued a new tender for 1 million tons of liquefied natural gas to meet surging summer electricity demand. The move marks the fourth spot-market tender in two months, reflecting urgency as temperatures climb and power shortages loom.
Previous tenders have struggled to secure deliveries, with state-owned Pakistan LNG Limited rejecting bids deemed too costly. The country remains dependent on long-term supply agreements with Qatar, while regional price volatility complicates spot purchases.
No immediate market reaction was reported, though the tender underscores persistent energy supply challenges in South Asia.