Pakistan has been forced into a high-cost liquefied natural gas (LNG) purchase after disruptions linked to the Strait of Hormuz tightened global supply routes. State-run Pakistan LNG Limited approved a revised bid of $18.4 per mmBtu from TotalEnergies for delivery between April 27 and 30. Read More: Pakistan Moves to Secure LNG via Immediate Spot Purchase The deal comes […]
RLNG prices
Govt to shift LNG diversion losses onto RLNG consumers
ISLAMABAD: In a significant policy shift, the government has decided it will no longer absorb financial losses arising from the diversion of Liquefied Natural Gas (LNG) cargoes under the Net Proceed Differential (NPD) clause. Instead, any losses incurred will now be passed on to Regasified Liquefied Natural Gas (RLNG) consumers, officials confirmed to The News. […]