Pakistan Rejects Costly LNG Cargo as Blackout Risk Deepens

Pakistan may have to extend rolling blackouts after it refused to pay three times the pre-war price for an LNG cargo, which was the only offer its latest emergency tender drew.

The single cargo, offered by BP, was priced at $27 per million British thermal units, Bloomberg reported, citing unnamed trading sources. “The international LNG price is around $23. 18 per MMBtu, whereas the bid received was $26. 969 per MMBtu.