Pakistan won't buy spot LNG this summer due to oversupply and high prices, per Petroleum Minister Musadik Malik.
Pakistan won't purchase spot LNG this summer due to oversupply and high prices, according to Petroleum Minister Musadik Malik. High temperatures across Asia have driven spot prices to their highest since mid-December, but Pakistan's LNG demand is subordinate to its supplies. The country will likely only consider buying LNG again when it can sell the LNG it already obtains from long-term contracts.
June 12, 2024
3 Articles