Pakistan buys spot LNG cargo fearing disruptions over renewed ME tensionPublished on: July 2, 2026 3:41 AM
Pakistan, July 2 -- Pakistan bought a Liquefied Natural Gas (LNG) cargo from the costlier spot market this week, an official tender document showed, with a top energy ministry official saying Islamabad was "concerned" that renewed tensions in the Strait of Hormuz could threaten its energy supplies.
Despite signing a peace agreement brokered by Pakistan earlier this month, the US and Iran exchanged attacks in the Middle East last week, reigniting tensions in the Strait of Hormuz maritime trade route. Maritime traffic through the strait, which carried roughly 20 percent of the global trade in oil and LNG, came to ?a virtual standstill after the US-Iran war broke out in February. This caused supply disruptions worldwide, including in Pakist...
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