BUSINESSBLOOMBERG
Pakistan, Bangladesh Pay $1 Billion More for LNG as Hormuz Stays Closed
Pakistan and Bangladesh are spending an additional $1 billion on liquefied natural gas (LNG) due to the closure of Hormuz. The shift to more expensive spot cargoes is reducing the cost efficiency of super-chilled fuel.
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Adjacent reporting
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- Iran War Forces Cash-Strapped Asian Nations to Buy Expensive LNG
- Pakistan Shuns Spot LNG as It Bets on Potential Hormuz Easing
- Hormuz and Heat Trigger an Asian Scramble for LNG
- Pakistan Urgently Seeks LNG as Hormuz Flare-Up Chokes Supply
- Pakistan Buys LNG Supply From Spot Market to Ease Energy Crunch