Business

Pakistan takes a risky gamble on gas, skips purchasing spot LNG, bets Hormuz tensions will ease

Pakistan is foregoing urgent LNG purchases, betting on a swift de-escalation of Middle East tensions and the timely arrival of cheaper Qatari shipments. This risky strategy comes as the country faces a significant gas deficit and widespread electricity outages, exacerbated by disruptions in the Strait of Hormuz.

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