KUALA LUMPUR: Eni said on Wednesday that the delivery of a liquefied natural gas (LNG) cargo to Pakistan LNG Limited that was scheduled for February has been disrupted due to an event of force majeure. The Italian major has a 15-year deal to supply Pakistan LNG with one cargo a month from 2017 to 2032.
KUALA LUMPUR: Eni said on Wednesday that the delivery of a liquefied natural gas cargo to Pakistan LNG Limited that was scheduled for February has been disrupted due to an event of force majeure.
"February LNG delivery disruption is beyond the reasonable control of ENI and due to an event of force majeure. ENI does not benefit in any way from the situation," said the company in a statement to Reuters. Pakistan has struggled to procure spot cargoes of LNG amid elevated global gas prices, which spiked to record highs last year following Russia's invasion of Ukraine.
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ENI unable to deliver Feb LNG cargo to Pakistan, declares force majeureKUALA LUMPUR : Eni said on Wednesday that the delivery of a liquefied natural gas (LNG) cargo to Pakistan LNG Limited that was scheduled for February has been disrupted due to an event of force majeure. The Italian major has a 15-year deal to supply Pakistan LNG with one cargo a month from 2017 to 2032.
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