Key facts
- Pakistan purchased its most expensive LNG cargo in years.
- The high price is attributed to the closure of the Strait of Hormuz.
- About one-fifth of global LNG supply is stuck behind the waterway.
- The Strait of Hormuz is blockaded by Iran and the US.
Pakistan has been significantly impacted by the conflict in the Middle East, leading to the purchase of its most expensive liquefied natural gas (LNG) shipment in years. This situation arises as approximately one-fifth of the world's total LNG supply remains stranded behind the Strait of Hormuz. The waterway is currently blockaded, with both Iran and the United States implicated in the blockade.