Strait of Hormuz closure: Pakistan faces LNG crunch as three cargoes stuck in Persian Gulf

At least three Liquefied Natural Gas (LNG) cargoes destined for Pakistan are currently stranded in the Persian Gulf, according to Bloomberg’s vessel-tracking data. The South Asian country has gone more than a month without receiving any LNG shipments due to the closure of the Strait of Hormuz, raising the risk of increased power outages as temperatures begin to rise, said the report. Last week, Minister for Power Sardar Awais Ahmad Khan Leghari said that power load-shedding during peak hours will continue until the supply of LNG is restored, which is currently unavailable due to a force majeure declared by Qatar. Pakistan ramps up furnace oil use, delays nuclear maintenance amid LNG shortages The country is facing a shortfall ⁠of around 3,400 megawatts due to reduced hydropower output, as rainfall and lower irrigation demand have ​limited water releases from reservoirs, Awais Leghari told a press conference.