THE CONFLICT IN IRAN HINDERED QATAR LNG TRANSPORT AND PAKISTAN INCREASED SPOT PURCHASES

According to the early release of In A, the conflict in Iran prevented Qatar LNG from transiting through the Strait of Hormuz, and Pakistan was forced to increase spot purchases. Pakistan plans to purchase at least one ship for delivery in July and may purchase up to six vessels for delivery in August. Muhammad Awais Ashraf, research director of AKD Securities, stated that hot summer weather and solar power had reduced the demand for electricity, forcing Pakistan to increase its reliance on LNG. This week, the Government of Pakistan purchased one ship of cargo at the highest spot price since 2022, and has now purchased four boats of cash delivered in July。