Pakistan Rushes to Secure LNG as Summer Power Demand Surges
AI Summary
Pakistan is scrambling to secure 1 million tons of LNG as electricity demand skyrockets with the arrival of summer. This fourth tender in two months highlights the nation's struggle to manage energy supply amid the Middle East conflict's broader economic impacts. Despite issuing multiple tenders, not all have secured delivery contracts due to high costs, underscoring the country's ongoing energy crisis and its vulnerability to global market fluctuations.
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