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Pakistan Seeks LNG Spot Cargoes to Cover Canceled Shipments

  • ENI, Gunvor unable to fulfill March deliveries: Pakistan LNG
  • LNG spot prices have been too high for cash-strapped Pakistan
Updated on

Pakistan is seeking to buy liquefied natural gas cargoes from the spot market after two long-term suppliers weren’t able to fulfill commitments to deliver shipments in March, according to people with knowledge of the matter.

Pakistan LNG Ltd. has issued a tender for two cargoes to be delivered next month, the people said, asking not to be identified. Two suppliers, Eni SpA and Gunvor Group Ltd., recently informed the South Asian LNG importer about their inability to deliver cargoes scheduled for March, Pakistan LNG said in an emailed response to Bloomberg on Thursday.