Pakistan to sell surplus LNG abroad from Jan 1, 2025, due to falling demand and financial strain.

Pakistan will begin selling surplus liquefied natural gas (LNG) internationally starting January 1, 2025, to address a growing oversupply caused by reduced power and industrial demand. The country has canceled 21 LNG cargoes from Italy’s Eni for 2026–2027, retaining only those needed for winter, and is negotiating with QatarEnergy to defer or resell shipments. Excess gas has led to financial strain, with circular debt and losses mounting since 2018-19. Pakistan also plans to boost domestic exploration with Turkish Petroleum’s return after 20 years. A UK study projects declining gas demand through 2040 despite population growth, citing structural sector issues and a need for urgent reforms.