Pakistan again seeks LNG cargo after two failed attempts amid high prices
Pakistan has launched a new tender for an LNG cargo for delivery between September 12 and 16, after two previous attempts failed due to high prices. The sole offer in the last attempt was from BP Singapore at $26.969 per million British thermal units. Prices have soared due to the closure of the Strait of Hormuz and increased European purchases ahead of winter.
Why it matters: This illustrates the theme of energy security and market volatility, as Pakistan's repeated failures to secure LNG highlight the impact of geopolitical disruptions and global demand on energy-importing countries.