Pakistan, Bangladesh Pay $1 Billion More for LNG as Hormuz Stays Closed

🌐 Bloomberg (United States) —

AI Summary

Pakistan and Bangladesh are paying $1 billion more for LNG due to the closure of the Strait of Hormuz, forcing a switch to more expensive spot cargoes and eroding the fuel's cost advantage.

A switch to more expensive spot cargoes is eroding the cost advantage of the super-chilled fuel.

Politics Markets Energy Pakistan Bangladesh LNG Strait of Hormuz energy prices spot cargo fuel cost

Read original source →