Pakistan received a boost to its LNG supplies after a Qatari vessel carrying 81,936 metric tonnes of liquefied natural gas arrived at Port Qasim on Thursday.
The carrier Al Marrouna transported the cargo from Qatar’s Ras Laffan terminal under a government-to-government agreement with Pakistan. It transited the Strait of Hormuz on September 7.
The shipment, priced at the equivalent of 13.37% of Brent, is expected to provide temporary relief to Pakistan’s power sector, where parts of the country are facing six to 12 hours of loadshedding.
The successful transit has also eased concerns in international LNG markets over prolonged disruptions to Qatari supplies, putting downward pressure on Asian and European LNG prices.
Meanwhile, Pakistan LNG Limited has cancelled a spot LNG tender issued on September 5.
The cargo is the first Qatari LNG shipment to leave the Persian Gulf since tensions around the Strait escalated in July, highlighting the continuing risks to Pakistan’s future LNG supplies and energy security.
