US EditionPakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies
Pakistan is cancelling 21 LNG cargoes from Eni to manage gas surplus caused by increased renewables and lower industrial demand, retaining key shipments for peak winter use.
- A PLL document shows Pakistan canceled 21 LNG cargoes from Italy's Eni at SNGPL's request, with Eni reportedly agreeing under contract flexibility.
- Rising renewable output has left Pakistan with surplus imported gas and heavy contractual exposure from long-term deals covering around 120 cargoes a year, prompting import curbs, the government says.
- The PLL document specified 10 cargoes would be scrapped and only peak winter shipments retained, with sources saying Pakistan agreed not to receive further 2025 cargoes from Eni.
- The surplus has forced Pakistan to sell gas at steep discounts, curb local production and consider offshore storage or reselling excess cargoes, while imports dropped sharply through 2024.
- Pakistan is negotiating with Qatar and last week a technical team visited Karachi to schedule loads, despite strong global LNG demand that favors spot market sales over long-term contracts.
13 Articles
13 Articles
Pakistan seeks Qatar LNG deal review
Pakistan has struck a deal to cancel 21 liquefied natural gas cargoes under its long-term contract with Italy's Eni as part of a plan to curb excess imports that have flooded its gas network, according to an official document and two sources. The document from state-owned Pakistan LNG Ltd (PLL) to the country's Ministry of Energy dated October 22 said 11 cargoes planned for 2026 and 10 for 2027 would be cancelled at the request of gas distributo…
Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies
Cuts follow request from gas distributor amid surplus supply.Shift to solar cuts gas demand, forcing supply reduction.Pakistan in talks to renegotiate supplies from Qatar: sources.Pakistan has struck a deal to cancel 21 liquefied...
Exclusive: Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies
Pakistan has struck a deal to cancel 21 liquefied natural gas cargoes under its long-term contract with Italy's Eni as part of a plan to curb excess imports that have flooded its gas network, according to an official document and two sources.
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