Pakistan seeks long-term LNG deal to curb supply crunch, outages

RIYADH: Pakistan is seeking to seal a long-term liquified natural gas deal in a bid as it attempts to curb supply crunch and potential power outages.

The deal includes acquiring one LNG cargo per month for the upcoming 10 to 15 years, Bloomberg reported, citing Shahid Khaqan Abbasi who is overseeing the country’s energy sector for the prime minister.

The timeline for the issuance of the tender is yet to be disclosed by the government, after which market response and pricing will be tested.