Pakistan Buys LNG Cargo as Gas Shortfall Forces Fuel Rationing
- Oman’s OQ Trading will supply January cargo, traders said
- The nation resorted to fuel rationing due to gas supply gap
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Pakistan purchased a liquefied natural gas shipment for January in an effort to reduce a fuel deficit this winter.
State-run Pakistan LNG Ltd. bought the cargo from Oman’s OQ Trading, according to traders with knowledge of the matter. The shipment was secured at a price premium to the spot market due in part to Pakistan’s credit risk, they said.