Pakistan receives third LNG cargo in October amid regional tensions

Pakistan took delivery of its third LNG shipment this month on October 28, when the vessel Shandong Redwood arrived from Qatar and docked at the Engro Elengy terminal. Profit by Pakistan Today reported that the cargo was priced at 13.37% of Brent crude, with Iranian officials said to have helped arrange the shipment amid tensions around the Strait of Hormuz.

The delivery follows arrivals on October 13 and 21, and offers temporary support as winter demand rises. Authorities are expected to secure three to four cargoes in November, increasing to nine in December and 11 in January. Sui Northern Gas Pipelines Limited expects demand in Punjab and Khyber Pakhtunkhwa to rise from about 500 mmcfd to 1,500 mmcfd, while SSGC’s Sindh and Balochistan network is forecast to require 500 to 600 mmcfd, up from around 300 mmcfd.