Overview
- Petroleum Minister Ali Pervaiz Malik said excess cargoes will be offloaded abroad, with any loss from below-contract resale prices recovered from local LNG consumers through an OGRA mechanism.
- The Economic Coordination Committee approved diverting 24 Qatar-supplied cargoes in 2026 for resale in international markets by Qatar under existing contract provisions.
- Pakistan has reportedly canceled 21 long-term cargoes under its Eni contract and is discussing deferrals or resales of volumes with Qatar.
- SNGPL and PSO estimate 177 surplus cargoes between July 2025 and December 2031, and authorities project savings above Rs1,000 billion after years of losses that they say have topped roughly Rs1,000 billion since 2018-19.
- Officials also flagged new energy investment activity, including Turkish Petroleum resuming exploration and opening an Islamabad office, a pending SOCAR-backed Machike–Thalian pipeline with PSO and FWO, and completed $3.5 billion private fundraising toward a $6–7 billion first phase at Reko Diq.