Pakistan Scrambles for LNG Amid Hormuz Crisis | Business and Finance News

Pakistan’s energy crisis deepens as it scrambles to secure liquefied natural gas on the volatile spot market, turning to emergency buys after Qatar’s shipments were disrupted by tensions in the Strait of Hormuz. Facing a potential shortfall, the government is eyeing up to six LNG cargoes in August — including one of the most expensive deals in four years — as it desperately tries to fill the gap left by its long-term supplier. With fixed contracts sidelined and prices soaring, Pakistan is now heavily reliant on unpredictable, costly spot purchases to keep its lights and industries burning. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9abc139fd6e49f73