Pakistan on Wednesday received a second LNG shipment from Qatar this month at the Pakistan GasPort Terminal at Port Qasim under the contractual agreement.
“Yes, the vessel has been berthed on Sept. 23, arriving from Qatar, carrying LNG,” said port officials.
The vessel Shandong Redwood, is the second vessel to berth at Pakistan this month. The previous one berthed at Engro Elengy Terminal on Sept. 10.
Pakistan imported 82 LNG cargoes during the fiscal year ended June 30, down about 30% year over year, according to data from the Oil and Gas Regulatory Authority (OGRA) and AKD Securities released July 22.
Muhammad Awais Ashraf, director of research at AKD Securities, said Pakistan had imported about 18 LNG cargoes so far during the current period, with seven arriving on a spot basis and the remainder under contractual arrangements with Qatar.
From March through September 2026, Pakistan imported substantially fewer LNG cargoes than in the corresponding period last year, when around 64 cargoes were imported, he said. This is primarily due to the ongoing Middle East conflict, which has disrupted shipping lanes.
Under its agreements with Qatar, Pakistan receives about eight to 10 LNG cargoes a month under two contracts linked to Brent crude oil at slopes of 13.37% and 10.2%, respectively. “Both the cargoes arrived in September was at price tag of 13.37% slope of Brent Crude,” said Energy Ministry officials.
The lower import volumes have contributed to a reduction in the country’s LNG import bill, which fell 28% to $364 million during the first two months of the current fiscal year from $508 million in the same period a year earlier, according to the Pakistan Bureau of Statistics.
Pakistan’s electricity generation from regasified liquefied natural gas, or RLNG, plunged 52% to 1,052 Gwh in August compared with same month of the corresponding year as the country received only one LNG cargo under a long-term contract, prompting power producers to increasingly rely on coal and other fuels. The sharp decline came as LNG availability tightened amid disruptions to international supply and elevated oil-linked LNG costs. The reduction in gas-fired generation was accompanied by a significant increase in coal-fired output, highlighting a shift in Pakistan’s generation mix toward relatively cheaper solid fuels.
For the first two months of the fiscal year that began July 1, RLNG-based generation declined 42% year over year to 2,681 GWh from 4,618 GWh, the data showed.