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The Pakistan government plans to increase its liquefied natural gas (LNG) imports to six shipments in August, in an attempt to compensate for delays caused by tensions in the Strait of Hormuz and the geopolitical crisis with Qatar. This comes amid rising energy consumption during the heatwave and a decline in solar energy production, which has led to greater reliance on LNG terminals and resulted in the country incurring high costs due to purchasing immediate shipments at elevated prices. Pakistan faces significant challenges in securing its energy supplies and is turning to the spot market to offset the shortage, given the difficulty of finding quick solutions to the ongoing regional crisis.
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