Pakistan has made emergency purchases of liquefied natural gas (LNG) at prices nearly 140% higher than its long-term contracts, with bids reaching as high as $18.88 per mmBtu. The urgency for these purchases follows disruptions in LNG supply routes, particularly due to the closure of the Strait of Hormuz, which has exacerbated the country's energy crisis. The Power Division's directive to secure approximately 400 mmcfd of LNG highlights the government's response to public pressure over electricity outages.
BUSINESSPublished 24 Apr 2026 • Published 4h ago
Pakistan Buys LNG at High Prices to Prevent Shortages
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On April 24, 2026, the State Bank of Pakistan (SBP) eased import financing rules to expedite energy supplies, including LNG, amid a critical electricity shortfall of over 4,500 MW. This move is aimed at ensuring timely procurement of energy resources as Pakistan faces severe load shedding, with some areas experiencing up to seven hours without power.
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