Qatar to divert 24 LNG cargoes next year

ISLAMABAD:

Qatar has agreed to divert 24 liquefied natural gas (LNG) cargoes in 2026 under a net proceeds differential formula as consumer demand falls sharply in Pakistan.

Under the agreed mechanism, Pakistan will bear the loss if Qatar sells LNG cargoes in the open market below contract price, revealed a report submitted to the Economic Coordination Committee (ECC).

This differential will be passed on to LNG consumers. In this regard, the federal government will issue policy guidelines to the Oil and Gas Regulatory Authority (Ogra).

Sources told The Express Tribune that Pakistan State Oil (PSO) informed the government that Qatar Energy had shown its willingness on the net proceeds differential for 24 LNG cargoes in the year 2026.

The government of Pakistan had signed two LNG supply