Pakistan Buys Second Spot LNG Cargo as Supply Crunch Persists

Pakistan has bought its second spot market LNG cargo in as many weeks, in a sign that flows of liquefied gas out of the Persian Gulf have been slow to recover. According to Bloomberg, the country bought the cargo from TotalEnergies at a price of $17.

37 per million British thermal units, to be delivered between July 10 and 11. The price is also higher than what Pakistan LNG Ltd. bought last week from BP: that cargo was priced at $16. 74 per mmBtu, a premium of some $1 over the Asian spot market average.