Free Trial

Pakistan Buys First Spot LNG Shipment in Over One Year

LNG

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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.