AI Summary

State-controlled Pakistan LNG Ltd has bought the most expensive cargo of liquefied natural gas on the spot market in four years as the recent re-escalation of the Hormuz crisis cut off cargoes from its term supplier, Qatar. The state-owned Pakistani LNG importer has bought a cargo for delivery early next week via a tender that closed on Wednesday. The cargo was bought at a price of about $20.70 per million British thermal units (MMBtu), traders familiar with the deal told Bloomberg on Thursday. The purchase price was the highest Pakistan…

AI summaries can be wrong sometimes—always verify important details using the source article.