Islamabad March 3 2022: LNG spot cargoes have touched $60/mmb in international markets. However, Pakistan’s weighted average of 9-10 cargoes arriving in March is priced only at $14.5/mmb of long term and spot cargoes purchased says Minister for Energy Hammad Azhar.
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He added, “This is despite 2 defaults of long term cargoes. Most competitive cargoes incoming are from contracts signed by PTI govt.
He further said, “The two defaults in March are from traders that PMLN contracted with and these will be their 8th default/non-performance in just 6 month period. Last spot purchase was of $25/mmbu on 22nd feb. Today price is $60.”
