Qatar Extends LNG Force Majeure; Hormuz Crisis Blocks Pakistan Deliveries

QatarEnergy has extended its force majeure on LNG deliveries for several weeks, citing continued blockage of LNG flows at the Strait of Hormuz. Buyers in Pakistan and Bangladesh were notified this week that cargo cancellations would persist through October. Some European deliveries under long-term deals are also cancelled beyond September. This disruption could strain Pakistan's energy sector and potentially impact the USD/PKR exchange rate due to increased import costs or energy shortages.

بحوالہ / Source: oilprice.com