October 04, 2023 15:09 GMT
Pakistan Buys First Spot LNG Shipment in Over One Year
Pakistan purchased one LNG cargo for December delivery from Vitol at a roughly 13% premium to current spot prices, according to traders with knowledge of the information, marking the first spot purchase in over one year.
- Pakistan was seeking two LNG cargoes for December delivery in a tender that closed on Wednesday, in an attempt to avoid a fuel shortage this winter.
- The importer decided to not buy a cargo offered by Trafigura at a 37% premium to current spot prices according to traders.