Pakistan's Power Generation Costs Jump 38% on Record Spot LNG Buys

Power generation costs in Pakistan surged by 38% in July from a year earlier as the country paid the highest spot LNG prices in four years amid the supply disruption from the Middle East. The costs to generate electricity last month soared due to the higher power output in July and the higher price of spot LNG which Pakistan was forced to procure in the absence of regular shipments from its long-standing term supplier Qatar. The high cost of power generation “is driven by a higher RLNG and furnace oil mix, including reliance on spot RLNG…