Pakistan has received its second Qatari LNG cargo of September. The vessel Shandong Redwood arrived from Qatar and berthed at the Pakistan GasPort Limited (PGPL) terminal at Port Qasim on Wednesday morning. The shipment was delivered under Pakistan’s long-term LNG agreement with Qatar at a price equivalent to 13.37% of Brent.
The latest cargo follows Pakistan’s first Qatari LNG shipment of the month. The vessel Al Marrouna delivered that cargo to the Engro LNG terminal on September 10. It carried around 81,936 metric tonnes of LNG from Qatar’s Ras Laffan terminal.
LNG Cargo Reaches Pakistan Through Hormuz
The latest Qatari LNG cargo is important because LNG vessels have faced challenges crossing the Strait of Hormuz amid heightened regional tensions. Pakistani authorities held discussions with Iranian officials to help ensure the safe passage of Qatari LNG vessels, according to reports citing government officials.
The Shandong Redwood successfully crossed the strategic waterway before reaching Pakistan. Its arrival provides another source of imported gas as the country continues to face pressure on its domestic gas network.
Gas supply constraints have also affected electricity generation in some areas. The latest LNG shipment could therefore provide additional support to the country’s energy system.
LNG Supply Provides Support to Power Sector
Pakistan’s power sector has been facing gas supply challenges, with prolonged load shedding reported in several areas. Disruptions at some domestic gas fields have also added pressure to the available gas supply.
At the same time, Pakistan has faced difficulties securing spot LNG cargoes because international prices remain high. Earlier this month, Pakistan LNG Limited was unable to secure some spot cargoes after receiving either no bids or bids considered too expensive.
This has increased the importance of Pakistan’s long-term LNG supplies from Qatar. Contractual cargoes can help maintain gas availability without depending entirely on the more volatile spot market.
The arrival of the Shandong Redwood gives Pakistan another LNG supply during a period of energy pressure. However, the wider situation remains linked to the stability of LNG shipments through the region and the availability of domestic gas.
For now, the shipment marks the second Qatari LNG delivery to Pakistan in September. It follows the September 10 cargo and provides additional support to Pakistan’s energy supply.
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