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Pakistan LNG Ltd rejected offers of $27.10 to $31 per mmBtu for December and January cargoes and issued a new tender for two winter cargoes for delivery to Port Qasim. The rejected bids were well above the $21.88 price paid in July.
Strong Asian LNG demand amid Hormuz disruption keeps energy costs high for importers, which can weigh on fertilizer and energy-linked input supply in South Asia.
After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.