Pakistan Is Being Priced Out Of The LNG Market Again ...Middle East

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Pakistan Is Being Priced Out Of The LNG Market Again
source : OILPRICE ( Middle East ) () 24
Pakistan has dropped plans to procure LNG cargos for next year after its tender only attracted two offers that featured a 30% premium to market prices. Per a Bloomberg report that cited unnamed traders in the know, the offers had come from Trafigura and the delivery dates had been in January and February 2024. This is not the first time Pakistan is being forced out of the LNG market because of prices. Last year, when the suspension of Russian pipeline gas deliveries turned Europe into a major LNG buyer, importers such as Pakistan were essentially…

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