Pakistan LNG Limited (PLL) has awarded a spot liquefied natural gas (LNG) cargo to TotalEnergies Gas and Power Limited at $21.88 per MMBtu, marking the country's highest-priced spot LNG purchase since returning to the international market in March 2026.

The cargo, scheduled for delivery on July 27–28, was awarded after TotalEnergies submitted the only bid in response to PLL's international tender for a 140,000 cubic metre (m³) LNG shipment. The offer was declared technically and commercially compliant before being accepted.

The latest procurement represents Pakistan's seventh spot LNG cargo since QatarEnergy declared force majeure earlier this year following an attack on its Ras Laffan LNG production complex. The disruption, which has been extended through August, has significantly reduced contracted LNG supplies, forcing Pakistan to rely on expensive spot market purchases to meet domestic demand.

Earlier this month, PLL awarded another spot cargo to PetroChina International at $20.6999 per MMBtu for delivery on July 21–22, which had previously been the highest spot LNG price paid by Pakistan in recent months.

With the latest shipment, Pakistan will have imported 12 LNG cargoes during the current supply period, including seven spot purchases and five cargoes supplied under the long-term agreement with QatarEnergy. Energy officials said the continued reliance on high-priced spot LNG is expected to increase the country's import bill and put upward pressure on electricity generation costs, with LNG-fired power currently costing around Rs35.5 per unit.