LNG prices spike as supply route disruption hits PakistanPublished on: April 25, 2026 4:00 PM
Pakistan, April 25 -- Pakistan has been forced into a high-cost liquefied natural gas (LNG) purchase after disruptions linked to the Strait of Hormuz tightened global supply routes. State-run Pakistan LNG Limited approved a revised bid of $18.4 per mmBtu from TotalEnergies for delivery between April 27 and 30.
Read More: Pakistan Moves to Secure LNG via Immediate Spot Purchase
The deal comes after multiple bids ranging between $17.997 and $18.88 per mmBtu were reviewed, with authorities rejecting other offers for early May deliveries in anticipation of improved supply conditions. Officials said the urgent procurement was necessary to address rising electricity demand and a widening power shortfall.
The tender was issued as Pakistan fac...
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