Pakistan is facing an escalation of its power crisis after it failed to agree a deal for natural gas supply next month. State-owned Pakistan LNG Ltd. scrapped a purchase tender for July shipments of liquefied natural gas after it received an offer that would’ve been the most expensive shipment ever delivered to the nation, according to traders with knowledge of the matter. This is the third time this month that Pakistan failed to complete an LNG tender for July, and the country’s inability to purchase fuel threatens to exacerbate electricity shortages just as hotter weather boosts air conditioning and power demand. A residential building during a load-shedding power outage period in Karachi earlier in June. “We’re adopting an alternate strategy,” Zakaria Ali Shah, a spokesman for Pakistan’s energy ministry, said in response to questions on the LNG tenders. Pakistan […]