Pakistan Buys Second Spot LNG Cargo as Supply Crunch Persists

Pakistan has bought its second spot market LNG cargo in as many weeks, in a sign that flows of liquefied gas out of the Persian Gulf have been slow to recover.

According to Bloomberg, the country bought the cargo from TotalEnergies at a price of $17.37 per million British thermal units, to be delivered between July 10 and 11.

The price is also higher than what Pakistan LNG Ltd. bought last week from BP: that cargo was priced at $16.74 per mmBtu, a premium of some $1 over the Asian spot market average.

Pakistan has relied on Qatar's term LNG supply…