Strait of Hormuz closure pushes Pakistan into costly LNG procurement
AI summaryPakistan LNG Limited has approved a revised bid of $18.4 per mmBtu from TotalEnergies for one cargo and floated urgent tenders for two more, as the Strait of Hormuz closure and Qatar's force majeure disrupt supplies. The country faces a power shortfall with peak demand 4,500MW above supply, leading to load shedding.