Pakistan has received its third liquefied natural gas (LNG) shipment from Qatar after the Fuwairit tanker crossed the Strait of Hormuz and entered Pakistani waters ahead of its scheduled berth at the Engro LNG Terminal on Monday.
Senior officials in the Petroleum Division reported that another LNG vessel is expected to arrive in the coming days and dock at the Pakistan GasPort Consortium Limited (PGPL) terminal at Port Qasim.
The arrival of the Fuwairit marks the third cargo from Qatar to Pakistan in less than two weeks.
On May 15, the LNG carrier Mihzem, carrying approximately 160,000 cubic metres of LNG, berthed at PGPL Terminal‑12 at Port Qasim. Earlier, on May 13, the Q‑Flex carrier Al Kharaitiyat docked at the Engro terminal.
Officials said the back‑to‑back arrivals underscore Pakistan’s reliance on long‑term LNG supply agreements with Qatar, particularly in a period of heightened geopolitical tensions and concerns over shipping disruptions in the Gulf region.
Energy sector officials noted that all incoming LNG cargoes are secured under long‑term contracts priced at 13.37 % of Brent crude oil, shielding the country from volatility in the spot LNG market.
By comparison, the Japan/Korea Marker (JKM), the benchmark for spot LNG prices in Asia, has risen to around $18.81 per MMBtu.
The long‑term pricing mechanism is providing relief to Pakistan’s energy sector amid pressures on foreign exchange reserves and rising electricity generation costs.
Official line‑pack data released on May 25 indicated that the power sector was consuming nearly 397 million cubic feet per day (mmcfd) of regasified LNG for electricity generation.
Officials confirmed that both LNG terminals operating at Port Qasim are fully functional and handling cargoes without disruption.