The average LNG price for December delivery into Northeast Asia was estimated at around $6.80-$6.90 per million British thermal units (mmBtu).
Asian LNG prices have more than tripled since July's low of $2.00, and bullish sentiment deepened in September and October due to a wave of supply disruptions.
NAB has accused Khaqan Abbasi of illegally awarding the 15-year contract for the LNG Terminal-I when he was petroleum minister in the cabinet of then PM Nawaz Sharif.
“ExxonMobil is evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term as a result of market conditions and commodity price decreases,” said Exxon spokesperson while talking to Business Recorder.
A source in Pakistan LNG Ltd (PLL), which handles LNG imports, told Reuters that six spot cargo purchases for delivery in December would be the most in a single month by the country.
The average LNG price for November delivery into northeast Asia was estimated at about $5.20 per million British thermal units (mmBtu), up 30 cents from the previous week, the sources said.
The route across the Arctic Ocean is seen as strategic by Russia, which wants to use it to speed up deliveries of cargoes between Europe and Asia, supplanting the usual route via the Suez Canal.
Eastbound transportation of LNG along the NSR is not