Pakistan Faces Years of Fuel Shortages After Gas Tender Flop
- No one participated in tender to buy LNG for 6 years from 2023
- There is little spare LNG supply available until 2026: traders
The cash-strapped nation has grappled with widespread blackouts this year after several failed attempts to buy LNG from the expensive spot market.
Photographer: Asim Hafeez/BloombergThis article is for subscribers only.
Pakistan’s acute energy shortage is at risk of lasting years after the government was unable to secure a long-term supply of liquefied natural gas.
Not one supplier responded to Pakistan LNG Ltd.’s tender to buy the power-plant fuel for between four to six years starting January, said traders with knowledge of the matter. The tender, which closed Monday, was seeking to procure one cargo of LNG each month.