Pakistan Rushes to Buy LNG From Spot Market to Ease Gas Shortage

Pakistan is looking to buy liquefied natural gas from the expensive spot market for the first time in over two years as the government rushes to ease an energy shortfall triggered by the conflict in the Middle East.

State-owned Pakistan LNG Ltd. released a rare purchase tender for three LNG shipments for delivery from late April to mid-May, according to a document on its website. Suppliers are requested to submit offers by Friday, the notice said.