Islamabad pays a $1 premium over Asian spot prices for urgent LNG delivery, reflecting persistent supply constraints from the Persian Gulf.
Pakistan has purchased a liquefied natural gas cargo at $16.74 per million British thermal units, a premium of roughly $1 above regional spot market rates. The deal underscores ongoing disruptions in LNG flows from the Persian Gulf, despite diplomatic efforts to resolve the underlying conflict.
Asian spot LNG prices have hovered in the mid-$15 range, making Pakistan’s purchase notably higher. The state-owned Pakistan LNG Ltd. secured the cargo for prompt delivery, signaling urgency amid tight supply conditions.
The premium highlights persistent market tightness, with geopolitical tensions continuing to weigh on LNG availability in the region.