Pakistan secures safe passage for another Qatari LNG cargo through Strait of Hormuz

Profit reported, citing Bloomberg, that Pakistan has negotiated with Iran for safe transit of another LNG cargo from Qatar through the Strait of Hormuz. The tanker loaded its gas at Ras Laffan in late June and crossed the strait over the weekend. It is expected to dock at Pakistan's LNG import terminal by Tuesday, based on ship-tracking data.

The cargo is the second Qatari delivery to Pakistan this month, following the earlier arrival of Al Marrouna at Port Qasim. Pakistan had been weighing a tender in case this cargo could not transit, and spot LNG prices are now at their highest since 2022. A successful delivery would let the government skip that extra purchase.

Renewed hostilities near the strait had earlier caused a July 2026 Qatari shipment to be cancelled, and Qatar declared force majeure. Petroleum Minister Ali Pervaiz Malik warned on Sunday that fuel rates might climb to Rs1,000 per litre should supplies run short, though no shortage currently exists. Speaking in Lahore, he noted that global oil prices have climbed by around 80%, while petrol in Pakistan is up 50% since March 1.