Govt diverts two LNG cargoes to international market

ISLAMABAD: The government-owned Pakistan LNG Limited (PLL) in the first phase has diverted two LNG cargoes of ENI scheduled for February and March to the international market.

According to the top officials of Energy Ministry, the government-owned entity will sell the two LNG cargoes which were due in February and March each in the international market on profit-sharing basis. PLL is in term contract with ENI for 15 years under which ENI provides one LNG cargo per month at the cost of 12.14 percent of the Brent. When contacted, the PLL management expressed its inability to confirm it but it did not deny the development and preferred to remain silent.

SNGPL in its letter written on January 21, 2025 to the federal government asked to divert 11-term LNG cargoes of 2025 from ENI to the international market as the Power Division has refused to increase the use of RLNG for power generation even during the peak summer season of June, July and August.