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Pakistan receives second LNG cargo from Qatar this month

Pakistan receives

KARACHI: Pakistan has received its second liquefied natural gas (LNG) cargo from Qatar this month under a long-term supply agreement.

The LNG carrier Shandong Redwood, which sailed from Qatar, berthed at the Pakistan GasPort Limited (PGPL) terminal on Wednesday morning.

The cargo was procured under a long-term LNG agreement at a price equivalent to 13.37% of the Brent crude oil price.

Pakistan contacted Iran to ensure safe passage of the LNG shipment, while the cargo is expected to provide some relief to the power sector.

The Strait of Hormuz remains a key route for LNG supplies to Pakistan.