Pakistan's $1-billion gas tender receives no takers amid energy crisis

It's the fourth time in roughly a month that Pakistan - which is already suffering frequent blackouts -- has failed to complete an LNG purchase tender

Pakistan’s energy crisis looks set to drag on for months after another failed attempt by the nation to import gas.

In an unusual development, state-owned Pakistan LNG didn’t receive a single offer in a $1 billion liquefied natural gas purchase tender, according to traders with knowledge of the matter. That illustrates both the extent of the global fuel shortage, and also the reluctance of suppliers to sell to a country in the depths of an economic crisis.

It’s the fourth time in roughly a month that Pakistan — which is already suffering frequent blackouts -- has failed to complete an LNG purchase