Tag Archives: Pakistan

Local authorities in Kandahar province say an international company has officially started exporting natural gas from Turkmenistan to Pakistan through Afghanistan. The Chamber of Commerce and Investment says that the route overland through Afghanistan is a lot shorter than the one the company previously used through Iran. By rerouting tankers …

A Japan’s leading trading company has reportedly offered Pakistan to sell Russian oil and Nigerian Liquified Natural Gas (LNG) to Pakistan at 35 per cent less than the global market’s prices. The Japanese company partners with an Irish company for the purpose. It is learnt that the representative of the …

Pakistan is looking to buy Russian oil at $50 per barrel, media reported on Sunday, as the South Asian country is grappling with an economic and foreign reserves liquidity crisis. Pakistan is desperate to import energy at low costs, after it was outspent on the market last year when oil …

Pakistan is in talks with Azerbaijan to import Petroleum, Oil, and Lubricants (POL) products on credit, as well as to agree on liquefied natural gas (LNG) supplies at affordable prices, a senior official at Pakistan’s Energy Ministry said, Trend reports via Geo News. Reportedly, a delegation led by Pakistan’s Federal …

The long-awaited winter energy crisis has finally hit…but it wasn’t in Europe after all. On Monday, almost the entirety of Pakistan was left without power when a misguided energy saving strategy by the government backfired. Runaway inflation, a severely weakened currency, and rapidly emptying foreign exchange reserves have left Pakistan …

The Islamic Emirate of Afghanistan (IEA) said on Saturday it is ready to form a special unit to safeguard the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. In a statement, the office of deputy prime minister for economic affairs, noted that TAPI as a significant regional economic project was initiated during the …

Pakistan will start importing oil and gas from Russia by March on terms that will ensure “mutual economic benefit”, the nations said in a joint statement on Friday. Since the launch of its military offensive against Ukraine, Moscow has been targeted by Western economic sanctions and has sharply reduced its …

Russia could start exporting oil to energy-starved Pakistan after March if terms are agreed, and is discussing with Islamabad whether payment could be made in the currencies of “friendly” countries, Russia’s energy minister has said. Pakistan has been battling a balance of payment crisis with foreign exchange reserves falling to …

Pakistan ranks 29th among the countries holding natural gas reserves. This was revealed in the findings of a gas monitor report presented by Dr Amanullah Mahar, Director Center for Environmental Sciences, University of Sindh, Jamshoro. He said total extractable potential is reported around 24 TCFT, however, 4 billion cubic feet …

Soaring prices of liquefied natural gas (LNG) and coal on the international markets have left Pakistan, the world’s fifth-most populous nation, with having to cut electricity supply to households and industry as the country in a deep political and economic crisis cannot afford to buy more of the expensive fossil …