Pakistan Facing Energy Crisis After Putting Off Buying Pricey LNG ...Middle East

Pakistan is at high risk of facing an energy crisis after it decided to hold off on buying expensive liquefied natural gas (LNG) cargoes until early next year, Bloomberg has reported. Singapore-based commodity trading company Trafigura Group had earlier offered to supply the cash-strapped South Asian country with LNG for January and February delivery at an approximately 30% premium. However, Pakistan LNG Limited decided not to buy the cargo, in part due to the heavy price tag. The development comes after Pakistan received…

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