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Pakistan Aims to Buy Two LNG Cargoes in January

LNG

Pakistan is planning to buy two LNG cargoes in January to meet increasing demand in the winter, Pakistan’s Energy Minister Muhammed Ali said, cited by Bloomberg.

  • Pakistan purchased two LNG spot shipments on a DES basis for December delivery from Socar and Vitol.
  • The country previously voiced interest in receiving LNG from Russia, Russia’s energy minister Nikolai Shulginov said earlier this month.
  • Pakistan’s demand for LNG will almost triple in the next five years as the country’s domestic production of natural gas is shrinking, the CEO of the Petroleum Institute of Pakistan said last month. When that happens, the country will need 25 cargoes of LNG per month, up from currently nine cargoes.
Energy BulletsCommodities
Energy BulletsCommodities

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