LNG Cargo To Pakistan
Eni said on Wednesday that the transport of a liquefied natural gas (LNG cargo to Pakistan) shipment to Pakistan LNG Limited that became scheduled for February has been disrupted because of an event of force majeure.
The Italian essential has a 15–12 months deal to deliver Pakistan LNG with one cargo a month from 2017 to 2032.
“February LNG shipping disruption is past the affordable manage of ENI and because of an occasion of force majeure. ENI does now no longer gain in any manner from the situation,” stated the organization in an announcement to Reuters.
“All the preceding disruptions in LNG shipping suffered via way of means of ENI were because of the LNG dealer who failed to satisfy the agreed obligations. Also in those cases, ENI did now no longer takes benefit or advantage in any manner from those defaults and implemented all contractual provisions to control such disruptions.”
Pakistan has struggled you purchased spot cargoes of LNG amid extended international gas prices, which spiked to document highs final year following Russia’s invasion of Ukraine.
LNG shipments to Pakistan below long-time period offers are inadequate to fit the country’s growing gasoline demand.
LNG cargo to Pakistan, a government subsidiary that procures LNG from the global market, did now no longer without delay reply to a request for comment.
Pakistan imported 9 billion cubic meters (bcm) of LNG final 12 months, consistent with Refinitiv data, down almost 20 according to cents from 11.2 bcm in 2021.
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