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Pakistan has had difficulties securing spot cargoes since Russia's invasion of Ukraine pushed spot LNG prices to record highs.

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Pakistan LNG Limited (PLL) awarded a tender to commodities trader Vitol for the delivery of a liquefied natural gas (LNG) cargo in December, a source with knowledge of the matter said on Thursday, making it the country's first spot purchase in over a year.

Global commodities trader Cargill Inc reported this week that its fiscal year 2023 revenue increased 7% from a year earlier to $177 billion, the highest ever for the 158-year-old company. Privately-held Cargill's strong result released on Wednesday was the latest for a global farm commodities trader after publicly-traded peers Archer-Daniels-Midland and Bunge both reported solid earnings in their most recent quarters and raised their profit outlooks for 2023. Cargill halted public reporting of most of its quarterly and annual financial data in 2020 but reports its sales for its June-to-...

U.S. energy company Energy Transfer entered three non-binding agreements to sell liquefied natural gas (LNG) from its proposed Lake Charles export plant in Louisiana.