ISLAMABAD:

The government has authorised Pakistan State Oil (PSO) to clinch a deal with Qatar before November 15 for diverting up to 24 cargoes of liquefied natural gas (LNG) in 2026 based on difference in net proceeds.

“As PSO has to close discussions on net proceeds differential before the deadline of November 15, 2025, it is proposed that the Petroleum Division and PSO are authorised to finalise ADP for 2026 with a cargo range of 24 to 29,” the Petroleum Division told the Economic Coordination Committee (ECC) in a recent meeting.

Responding to the proposal, the ECC authorised PSO to strike the deal by November 15. During discussions, the Petroleum Division apprised ECC about the current demand for LNG and said that PSO had a surplus stock due to a constant decrease in consumption. Th

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