Pakistan to Avoid Spot LNG Buys Despite Intense Summer Heat

14 Jun 2024 CW Team

Pakistan is expected to avoid purchasing spot liquefied natural gas (LNG) this summer despite facing intense heat. High spot market prices and the country's ongoing financial constraints have made such purchases economically unfeasible. Instead, Pakistan will rely on its long-term LNG contracts and alternative energy sources to meet its energy needs.

Global demand has driven up spot LNG prices, creating a significant financial burden for Pakistan, which is already dealing with a foreign exchange crisis. To manage its energy requirements, the country plans to maximize the utilization of existing long-term contracts and explore domestic energy options.

Officials have indicated that Pakistan will turn to alternative sources such as coal and oil to fill the energy gap. Additionally, the government is promoting energy conservation measures to reduce consumption during the peak summer months. These efforts aim to mitigate the impact of high temperatures on energy demand and maintain a stable supply.

Despite the expected heatwave, the government has reassured citizens that it has strategies in place to prevent severe energy shortages. Long-term LNG contracts are anticipated to provide some stability, although challenges remain. Analysts note that Pakistan's energy infrastructure requires significant investment to enhance resilience against such crises.

This situation highlights the broader issue of energy security in Pakistan and the need for a diversified energy portfolio and improved financial management. As summer progresses, the effectiveness of Pakistan?s energy strategies will be closely monitored, with hopes that they will successfully address the challenges posed by high temperatures and limited LNG availability.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..