ISLAMABAD: Private sector leaders have lauded the government for securing LNG cargoes under long-term contracts despite the ongoing US-Iran conflict. They said the affordable LNG supplies would help bolster power generation, improve gas availability for industries, and reduce energy costs.
According to them, these factors are expected to strengthen Pakistan’s economic stability and support its export-led growth initiative.
Senior Expert in the Oil & Gas sector, Ghiyas Abdullah Paracha, said that, according to estimates, Pakistan is expected to save USD 22-50 million from two LNG cargoes through comparatively lower-cost Qatari LNG arrangements, including approximately USD 22 million in import costs per cargo and additional cost-related operational expenses.
These savings would provide significant relief to the national economy, strengthen foreign exchange reserves, and reduce dependence on expensive spot market procurement.
He hailed the leadership of Prime Minister Shehbaz Sharif, Field Marshal Syed Asim Munir, Deputy Prime Minister Ishaq Dar, and Federal Minister for Petroleum Ali Pervaiz Malik on the successful arrival of Pakistan’s first LNG cargo amid recent US-Israel-Iran tensions, calling it a major strategic and economic achievement for the country.
In his statement, Ghiyas Abdullah Paracha said the safe passage of the first LNG cargo through the Strait of Hormuz during a highly sensitive geopolitical situation reflects Pakistan’s effective leadership, strong diplomatic coordination, and timely decision-making at a critical moment for global energy markets and demonstrates Pakistan’s preparedness, institutional coordination, and ability to safeguard national energy interests under challenging global circumstances.
Copyright Business Recorder, 2026
Comments
Comments are closed for this article.