Doha/Islamabad, October 23, 2025:
Officials from QatarEnergy are set to meet with representatives of Pakistan State Oil (PSO) next week to discuss Islamabad’s request to reduce liquefied natural gas (LNG) shipments for 2025, amid a marked decline in Pakistan’s domestic energy demand, Bloomberg reported on Wednesday.
The meetings, scheduled for Monday and Tuesday, will focus on Pakistan’s proposal to postpone or resell around two dozen LNG cargoes in the international market. Although the discussions form part of regular annual supply reviews, industry observers say they have attracted significant attention due to the scale of the proposed supply cuts.
Qatar remains Pakistan’s largest LNG supplier, fulfilling all deliveries under long-term contracts. However, Pakistan’s energy consumption has dropped sharply following government moves to increase gas and electricity tariffs to comply with International Monetary Fund (IMF) program conditions. The tariff hikes, aimed at curbing circular debt, combined with growing solar power generation, have further dampened natural gas demand.
Pakistan’s Minister for Petroleum, Ali Pervaiz Malik, confirmed that PSO is coordinating closely with QatarEnergy to finalize the revised supply plan.
“The government needs to lock in a plan for next year’s supplies by November 15,” Malik told Bloomberg.
Meanwhile, QatarEnergy continues to expand its global energy portfolio. Earlier this month, the company signed an agreement with Shell to acquire a 27 percent stake in an offshore exploration block in Egypt. The state-owned energy giant has also increased its investments across Guyana, Lebanon, Namibia, South Africa, and other offshore ventures in Egypt, reinforcing its position as a key player in the global LNG and upstream markets.
By Bloomberg
