Govt diverts two LNG cargoes to international market
Govt company to sell two LNG cargoes on profit-sharing basis in market, say Energy Ministry officials
January 30, 2025
ISLAMABAD: Pakistan LNG Limited (PLL), a government company, has diverted two LNG cargoes from ENI, expected to arrive here in February and March, to the international market.
The corporation will sell the two LNG cargoes on a profit-sharing basis in the international market, said senior officials in the Energy Ministry, The News reported.
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% 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.
