Pakistan energy demand attracts suitors
Significant forecast growth in energy requirements means international firms are interested in the country’s downstream sector, but its upstream is struggling
Pakistan recently signed a second LNG supply agreement with Qatar, and analysts see further opportunities in the country’s growing LNG market. But Pakistan’s prospects for attracting international investment to its upstream oil and gas sector are much dimmer. State-owned Qatar Petroleum (QP) and Pakistan State Oil Company signed a ten-year SPA for the supply of up to 3mn t/yr of LNG starting in 2022. Saad al-Kaabi, Qatar’s energy minister and the president and CEO of QP, cited “Pakistan’s increasing energy demand” when the deal was signed, as well as the country’s “well-established gas market and distribution system”, and “the prospect of it being one of the world’s fastest-growing LNG marke
Also in this section
17 October 2024
Experts debate carbon pricing and fossil fuel subsidies in the MENA region on second day of summit
17 October 2024
In our final look back into the Petroleum Economist archives, we turn the clock back to September 2016
17 October 2024
Keynotes on first day of Dii Desert Energy Leadership Summit celebrated 15 years of progress and outlined strategies for accelerating clean energy
16 October 2024
The impact from Libya’s lost barrels versus the threats to Iranian supply highlight the type of buffer in the oil market and the demand implications