Pakistan weighs spot LNG as Iran war hits supply, ramps up domestic oil and gas
By Ariba Shahid
Published on April 15, 2026.
Pakistan is considering buying LNG on the spot market to offset supply disruptions caused by the Iran war. The country's petroleum minister, Ali Pervaiz Malik, stated that he would favour government-to-government deals to avoid paying high premiums. Spot LNG cargoes have surged to $20 to $30 per mmBtu amid the Middle East conflict. Purchases will depend on the price paid by the power sector. Pakistan has also been routing crude supplies via Saudi Arabia's Red Sea port of Yanbu to avoid the Strait of Hormuz. Despite cutting its LNG reliance in recent years, Pakistan remains exposed to supply shocks.
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