The purchase highlights persistent supply constraints in the Persian Gulf as prices remain above recent spot market averages.
Pakistan has purchased a second spot LNG cargo in two weeks, paying $17.37 per million British thermal units for delivery on July 10-11. The deal, sourced from TotalEnergies, follows a prior purchase at $16.74/mmBtu from BP last week.
The latest price reflects a premium of roughly $1 over the Asian spot market average, signaling ongoing supply challenges. Pakistan has increasingly relied on spot purchases as term supplies from Qatar face delays or disruptions.
The persistent tightness in LNG flows from the Persian Gulf has kept regional prices elevated, with no immediate relief in sight for buyers.