Azerbaijan’s SOCAR signals LNG supply readiness for Pakistan

News Image

MG News | April 22, 2026 at 10:46 AM GMT+05:00

April 22, 2026 (MLN): Azerbaijan’s state energy firm SOCAR is prepared to supply liquefied natural gas (LNG) to Pakistan once it receives a formal purchase request.

According to SOCAR, a framework agreement signed in 2025 between SOCAR Trading and Pakistan LNG enables Pakistan to procure LNG cargoes directly through an expedited process.

The company confirmed it is ready to proceed with deliveries once Pakistan LNG Limited submits the relevant request, though it did not clarify whether any such request has already been made or provide details on timing, volumes, or cargo origin, as reported by Reuters.

Pakistan continues to depend heavily on natural gas for its energy mix and has increasingly turned to spot LNG purchases amid declining domestic production and volatility in global gas markets, which has been further affected by regional geopolitical tensions and supply disruptions linked to the ongoing Iran-related conflict.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 167,844.25
170.38M
-0.40%
-670.20
ALLSHR 101,190.46
479.24M
-0.24%
-244.65
KSE30 50,308.01
73.54M
-0.54%
-271.17
KMI30 241,041.17
72.56M
-0.54%
-1308.61
KMIALLSHR 65,768.91
266.90M
-0.34%
-227.18
BKTi 45,905.17
27.93M
-0.59%
-271.56
OGTi 35,557.92
7.24M
-0.32%
-112.64
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 75,915.00 77,940.00
75,590.00
-1780.00
-2.29%
BRENT CRUDE 104.25 106.36
101.34
1.67
1.63%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-9.00
-7.56%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00
0.45
0.40%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 97.00 99.43
94.73
0.65
0.67%
SUGAR #11 WORLD 14.68 14.91
14.59
-0.22
-1.48%

Chart of the Day


Latest News
May 23, 2026 at 07:17 PM GMT+05:00

SECP introduces global finance talk series


May 23, 2026 at 11:45 AM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


May 23, 2026 at 10:25 AM GMT+05:00

Weekly Market Roundup


May 23, 2026 at 12:33 AM GMT+05:00

Petrol, Diesel prices slashed by Rs6



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg