Oil, Gas and Refinery Sectors - updates

[ghazi52]

Islamabad cancelled 21 LNG cargoes for 2026–27 under a long-term deal with Eni, expecting slower demand growth and increased ⁠power supply from solar energy. The LNG supply disruptions tested that shift, even as a greater reliance on domestic and renewable power cushioned the impact.

Pakistan remains exposed to supply shocks, however, and LNG is still needed to meet peak summer demand ⁠and limit outages.

Iran's blockade of the Strait of Hormuz, which typically handled 20% of daily global LNG flows before the war, pushed Asian spot prices to three-year highs, though they have pulled back some recently. They were ⁠last at $16.05 per million British thermal units, a 54% increase since February 23.

Analysts have slashed global LNG supply outlooks and expect high prices and the supply shortage to cause demand destruction across Asia.

 

[Fatman17]

Pakistan Plans Strategic Oil Buffer to Tackle Supply Risks

Pakistan has moved to strengthen its energy security by setting up a high-level committee to design and operationalize strategic petroleum reserves, as

share.google

Finally Pakistan plans strategic oil 🛢 buffer stock

 

[ghazi52]

Govt hikes petrol, high-speed diesel prices by Rs26​

News Desk
April 24, 2026

The government raised the prices of petrol and high-speed diesel (HSD) by Rs26.77 on Friday.

Following the increase, the price of petrol now stands at Rs393.35 and that of HSD at Rs380.19.

The announcement was made in a press release issued by the Petroleum Division. It said the prices were revised for the week starting on April 25.

Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers and has a direct bearing on the budget of the middle and lower-middle class. High-speed diesel is mainly used in the heavy transport sector and for large generators.

 

[ghazi52]

Pakistan secures 3 bids for spot LNG cargoes​

Khaleeq Kiani
April 24, 2026


https://whatsapp.com/channel/0029VaMc238IiRov8okfYy3n
ISLAMABAD: After a gap of 28 months, state-run Pakistan LNG Limited (PLL) on Friday secured three bids at $17.997 to $18.88 per million British thermal units (mmBtu) for delivery between April 27 and May 8.

A total of four bids were received and three were declared the lowest.

For the first delivery window of April 27-30, TotalEnergies submitted the lowest bid of $18.88 per mmBtu. Vitol Bahrain’s bid of $18.54 was declared the lowest for the May 1-7 window, while OQ Trading was declared the lowest bidder at $17.997 per mmBtu for delivery between May 8 and 14.

A day earlier, PLL had floated urgent tenders for the import of three LNG cargos for delivery between April 27 and May 8 amid rising temperatures and power shortfall.

The PLL had set April 24 (Friday) as the deadline for bids to be opened the same day, given the emergent needs to meet power demand, which was short of supply by more than 4,500MW in peak, resulting in six to seven hours of load shedding.

 

[ghazi52]

Strait of Hormuz closure pushes Pakistan into expensive $18.4 per mmBtu LNG deal​

Khaleeq Kiani
April 25, 2026

ISLAMABAD: State-run Pakistan LNG Limited (PLL) has approved a revised bid of $18.4 per million British thermal units (mmBtu) from TotalEnergies for delivery between April 27 and 30, while rejecting all other bids.

TotalEnergies had initially bid $18.88 per mmBtu but later revised its offer downward to $18.4 following negotiations.

After internal consultations, the authorities rejected all other bids for the first half of May, anticipating the reopening of the Strait of Hormuz.

On Friday, PLL had received four bids at $17.997 to $18.88 per mmBtu for delivery between April 27 and May 8.

A total of four bids were received from three bidders, and three were declared the lowest.

Vitol Bahrain’s bid of $18.54 per mmBtu was declared the lowest for the May 1–7 delivery window, while OQ Trading was the lowest bidder at $17.997 per mmBtu for the May 8–14 period. However, both bids were rejected.

PLL had on Thursday floated urgent tenders for the import of three LNG cargoes for delivery between the aforementioned dates amid rising temperatures and power shortfall

 

[Samlee]

Strait of Hormuz closure pushes Pakistan into expensive $18.4 per mmBtu LNG deal​

Khaleeq Kiani
April 25, 2026

ISLAMABAD: State-run Pakistan LNG Limited (PLL) has approved a revised bid of $18.4 per million British thermal units (mmBtu) from TotalEnergies for delivery between April 27 and 30, while rejecting all other bids.

TotalEnergies had initially bid $18.88 per mmBtu but later revised its offer downward to $18.4 following negotiations.

After internal consultations, the authorities rejected all other bids for the first half of May, anticipating the reopening of the Strait of Hormuz.

On Friday, PLL had received four bids at $17.997 to $18.88 per mmBtu for delivery between April 27 and May 8.

A total of four bids were received from three bidders, and three were declared the lowest.

Vitol Bahrain’s bid of $18.54 per mmBtu was declared the lowest for the May 1–7 delivery window, while OQ Trading was the lowest bidder at $17.997 per mmBtu for the May 8–14 period. However, both bids were rejected.

PLL had on Thursday floated urgent tenders for the import of three LNG cargoes for delivery between the aforementioned dates amid rising temperatures and power shortfall

When you don't invest in your own shale gas tight gas or That coal This what you get

 

[hydrabadi_arab]

When you don't invest in your own shale gas tight gas or That coal This what you get

Two nuclear plants should have been build in punjab for base load instead of LNG.

N league disastrous IPPs still need 5-6 years more of high capacity payments to pay off debt.

 

[Samlee]

Two nuclear plants should have been build in punjab for base load instead of LNG.

N league disastrous IPPs still need 5-6 years more of high capacity payments to pay off debt.

And pray how we will run transport on nuclear power plants

What is disastrous is that in 2013 ENI offered $10 billion FDI to develop shale gas in Pakistan but N league were more interested in imported LNG

 

[ghazi52]

Another POL price hike triggers widespread anxiety​

Khalid Hasnain
April 26, 2026



An employee fills the tank of a motorcycle at a fuel station in Islamabad on April 25, 2026. — AFP


LAHORE: The public at large, trade unions, associations and civil society groups have widely criticised the government for once again increasing the petrol and diesel prices and sought withdrawal of the decision with immediate effect.

They also expressed concerns over the increasing price hike of commodities, transportation and other charges due to repeated increases in the petroleum prices.

“With this increase of nearly Rs27 per litre, petrol has now crossed Rs393, almost reaching Rs400. So how can common people, who are already passing through immense financial stress, survive in such a terrible situation,” commented a motorist while talking to Dawn at a petrol pump in Gulberg.

“We were expecting a reduction in the POL prices but the increase surprised us. This is highhandedness with the public at large,” he deplored while lashing out at the government.

Fresh increase challenged in high court

On Friday, the government announced a hike in the prices of petrol and high-speed diesel (HSD) by Rs26.77 each due to which the per litre price of both reached to Rs393.35 and Rs380.19 respectively.

 

[ghazi52]

 

[Watandar]

When you don't invest in your own shale gas tight gas or That coal This what you get

Are there verified shale gas fields in Pakistan ?

 

[Samlee]

Are there verified shale gas fields in Pakistan ?

Not specific fields but shales for example sembar shale Ranikot shale talhar shale etc. and this is just lower Indus basin

 

[Fatman17]

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[Salza]

UAE leaves Opec and Opec+ in huge blow to global oil producers' group​

UAE leaves Opec and Opec+ in huge blow to global oil producers' group

The stunning loss of the UAE, a longstanding Opec member, could create disarray and weaken the group.

www.dawn.com

 

[Samlee]

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When hyperinflation triggers demand destruction these figures would be revised downward significantly