Pakistan eequests Qatar to reschedule 5 LNG cargoes for 2026

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station. — Reuters/File
A liquefied pure gasoline (LNG) tanker is tugged in direction of a thermal energy station. — Reuters/File
  • Pakistan to get LNG cargoes in 2026 after reschedule, says official.
  • “Authorities attempting to shelve import of 13 extra LNG cargoes”: official.
  • Pakistan imports 108 LNG cargoes from Qatar beneath two GtG agreements.

ISLAMABAD: After the discount within the RLNG consumption, Pakistan has formally requested Qatar for the reschedule of 5 LNG cargoes which can be to be imported within the calendar yr 2025, and now the nation would get these in 2026 beneath the versatile clause, a senior official of Ministry of Power instructed The Information.

“Nevertheless, authorities are additionally attempting to agency up the plan to shelve import of 13 extra LNG cargoes which can be to reach in Pakistan in 2025, or Qatar might halt the export of 13 cargoes to Pakistan,” the official stated.

The official added: “The RLNG consumption has now began tumbling by 150 million cubic toes (MMCF) in a month, which signifies that the 18 LNG cargoes in 2025 would flip the extra ones primarily due to the decrease GDP development within the nation and decreased industrial actions.”

Prime Minister Shehbaz Sharif, he disclosed, throughout his forthcoming go to to Qatar, might take up the difficulty of rescheduling 5 LNG cargoes. 

The authorities additionally need Qatar to not ship 13 RLNG cargoes in 2025. Nevertheless, authorities of Sui Northern, Mari gasoline firm, PSO, Sui Southern and PLL have began brainstorming on the right way to sort out the difficulty of 13 cargoes, retaining in view the agreements.

Pakistan imports 108 LNG cargoes from Qatar beneath two GtG agreements. The nation, beneath the phrases, imports 9 LNG vessels a month (5 cargoes a month beneath 13.37% of the Brent and 4 cargoes beneath 10.2% of the Brent). One cargo is imported via a time period settlement with the ENI. That is how the nation imports 10 LNG cargoes a month in toto.

Nevertheless, beneath the agreements, the official stated, there isn’t a clause beneath which 13 extra cargoes could possibly be halted by Qatar as a provider or provider permits Pakistan to promote 13 cargoes within the open market.

“If Qatar sells the LNG cargo destined to achieve Pakistan within the open market beneath the value agreed with Pakistan, the loss could be paid by PSO on each cargo. The authorities involved, nevertheless, hoped that Qatar would comply with shift 5 LNG cargoes to 2026 which can be to reach in 2025 beneath the versatile clause.”

To a query, the official stated that within the coming winter season, the authorities have accomplished its plan beneath which 12 LNG cargoes could be out there throughout the peak winter season every in December 2024 and January 2025.

“We’ve got organized 10 cargoes from Qatar for the month of December and two from ENI. And for January 2025, Qatar would offer 11 LNG cargoes and ENI 1,” the official stated, including: “We’ve got readjusted the cargoes to fulfill the height winter demand as Pakistan LNG Restricted (PLL) managed to shift its one cargo from ENI to December 2024, which was to reach in September 2024.”

“Likewise, the authorities managed solely six cargoes from Qatar for the present month of November, 2024 in opposition to 9 cargoes. So one cargo from Qatar has been shifted to December and two to January 2025,” stated the official.

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