Pakistan secures incoming LNG supplies at 13.37% of Brent as spot Asian LNG prices rise to around $18.81 per MMBtu amid regional shipping concerns
May 26, 2026
Pakistan received its third liquefied natural gas (LNG) cargo from Qatar as the LNG tanker Fuwairit crossed the Strait of Hormuz and entered Pakistani waters ahead of its scheduled berthing at the Engro LNG Terminal on Monday.
Senior officials in the Petroleum Division confirmed that another LNG vessel is expected to arrive in the coming days and dock at the Pakistan GasPort Consortium Limited (PGPL) terminal at Port Qasim.
The arrival of Fuwairit marks the third LNG shipment from Qatar to Pakistan in less than two weeks.
On May 15, the LNG carrier Mihzem, carrying around 160,000 cubic metres of LNG, berthed at the PGPL Terminal-12 at Port Qasim. Earlier, on May 13, the Q-Flex LNG carrier Al Kharaitiyat docked at the Engro terminal.
Officials said the back-to-back arrivals highlighted Pakistan’s reliance on long-term LNG supply arrangements with Qatar at a time of rising geopolitical tensions and concerns over shipping disruptions in the Gulf region.
According to energy sector officials, Pakistan has secured all incoming LNG cargoes under long-term agreements priced at 13.37% of Brent crude oil, insulating the country from volatility in the spot LNG market.
In comparison, the Japan/Korea Marker (JKM), the benchmark for spot LNG prices in Asia, has climbed to around $18.81 per MMBtu.
Officials said the long-term pricing mechanism was providing relief to Pakistan’s energy sector amid pressure on foreign exchange reserves and rising electricity generation costs.
Official linepack data released on May 25 showed that the power sector was consuming nearly 397 million cubic feet per day (mmcfd) of regasified LNG for electricity generation.
Officials confirmed that both LNG terminals operating at Port Qasim were fully functional and handling cargoes without disruption.
Reference Link:- https://profit.pakistantoday.com.pk/2026/05/26/third-qatar-lng-cargo-in-two-weeks-crosses-hormuz-reaches-pakistan-amid-gulf-tensions