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Articles for tag: Energy, Gas, Hormuz, LNG, Pakistan, PLL, Power, Qatar, spot market, supply disruption, TotalEnergies

July 6, 2026

Frontpage.dev

ProPakistani

Pakistan Pays Nearly Double for Emergency LNG as Qatari Supplies Still Haven’t Recovered From Hormuz Disruption

Pakistan LNG Limited has purchased a spot cargo from TotalEnergies at $17.37 per mmBtu — roughly twice the cost of Pakistan's long-term Qatari contracted supplies — as LNG exports from Qatar remain below normal levels despite the June 18 US-Iran ceasefire restoring Hormuz shipping traffic. It is Pakistan's second emergency spot purchase in two weeks. The government has simultaneously raised notified LNG prices by up to 16.17% to offset higher procurement costs.

June 23, 2025

News Desk

Pakistan Mulls Alternative Routes for Oil Imports In the case of Hormuz Blockade narrow

A security personnel stands guard near a Russian cargo ship carrying crude oil anchored at the port of Karachi in Karachi on June 28th 2023. – AFP Federal oil minister Ali Pervaiz Malik said on Monday that arrangements were made to import oil products through alternative routes in the event of a close closing Hormuz in the midst of Iran-Israel. His statement came after Iran’s moves began to prevent the strait in response to US strikes in nuclear sites that increased tensions in the Middle East. Speaking to Geo News, Malik said the government reviewed the condition of oil products

June 23, 2025

News Desk

What is the narrow Hormuz and why is it so important to oil?

This file photo shows oil tankers passing through the narrow Hormuz. – Reuters Iran’s top security instrument – the Supreme National Security Council – must make the final decision on whether to close Hormuz’s strait, Iranian television said on Sunday, after parliament supported the measure in response to US strikes in several Nuclear sites. Iran in the past threatened to close the strait, but has never followed the move, which would limit trade and affect the global prices of oil. Below are details about the strait: What is the narrow of Hormuz? The strait is located between Oman and Iran

June 17, 2025

News Desk

The United Arab Emirates evacuates 24 people from oil tanker after a collision near Hormuz Strait

Oil tankers pass through Hormuz Strait, December 21, 2018 – Reuters The British Maritime Security company said it is not related to security. The maritime incident unfolded as Iran, Israel Exchange attacks. The fifth of total oil consumption in the world passes through the Hormuz Strait. The United Arab Emirates Coast Guard said on Tuesday that it had evacuated 24 people from an adalynn tanker after a collision between two ships in the Gulf of Oman, near the strait of Hormuz. Ambrey’s British Maritime Security Society reported earlier a 22 nautical mile incident east of Khor Fakkan in the UAE

April 13, 2024

News Desk

Iran seizes cargo ship in Strait of Hormuz after threats to close waterway

DUBAI: Iran’s Revolutionary Guards seized an Israel-bound cargo ship in the Strait of Hormuz on Saturday, days after Tehran said it could close the critical shipping route and warned it would retaliate against an Israeli strike on its Syrian consulate. Iran’s state-run IRNA news agency reported that a Guards helicopter had boarded and taken the Portuguese-flagged MSC Aries into Iranian waters, saying it was bound for Israel. MSC, which operates the Aries, confirmed that Iran had seized the ship and said it was working “with the relevant authorities” for its safe return and the well-being of its 25-member crew. MSC

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