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Live Updates  >  Live Update Details

2026-07-16 11:26:12

[Hormuz Situation Drives Up LNG Prices, Pakistan Makes Emergency Spot Purchase at Four-Year High] (1) Escalating tensions in the Strait of Hormuz have disrupted Qatar's contracted LNG supply to Pakistan, resulting in the cancellation of a scheduled LNG delivery. (2) Pakistani state-owned enterprises have made an emergency purchase of a spot LNG shipment at approximately US$20.70 per million British thermal units (MMBtu) through a tender that closed on Wednesday, with delivery scheduled for July 21-22. (3) This is Pakistan's highest-priced LNG spot purchase since 2022, highlighting the tight supply and the predicament of being forced to replenish supplies at high prices.

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