Pakistan faces $1B winter LNG bill as spot prices hit 3-year highs

Pakistan will pay over $1 billion for winter LNG as Asian spot prices surge to three-year highs, forcing the government to buy 10 spot cargoes at double the price of Qatari term supply. Disruptions to Qatari term deliveries are the proximate cause, compounding Pakistan's chronic energy import vulnerability. The cost burden will strain fiscal accounts and may trigger domestic energy price hikes or rationing.