Pakistan has received its first liquefied natural gas (LNG) shipment of October, providing some relief to the country’s strained gas supply system ahead of the winter season. The vessel Al-Areesh, carrying LNG from Qatar, berthed at Engro’s LNG terminal on Tuesday, allowing regasification operations to resume and approximately 150 million cubic feet per day (mmcfd)…
The conflict between the United States, Israel and Iran has continued amid military strikes, retaliatory attacks and repeated diplomatic efforts to secure a lasting ceasefire. The war began on February 28, when the US and Israel launched joint strikes against Iran, with US President Donald Trump announcing the start of what he described as “major…
The conflict between Iran, Israel and the United States has continued to escalate, with renewed strikes, military exchanges and diplomatic efforts shaping the latest developments in the region. The current crisis began with joint US-Israeli strikes on Iran on February 28, followed by the announcement of what the US described as “major combat operations.” According…
Prime Minister Shehbaz Sharif has called for renewed diplomatic efforts to reduce escalating tensions in the Middle East, telling the United Nations General Assembly that the Strait of Hormuz and Bab al-Mandab must remain open for global connectivity, trade and economic activity. Addressing the 81st session of the UN General Assembly in New York, PM…
Pakistan’s energy supply is facing increased pressure following disruptions to liquefied natural gas (LNG) supplies linked to the closure of the Strait of Hormuz. The situation has raised concerns about the country’s energy security and the availability and cost of fuel for power generation and industrial activities. A report presented at the Gastech conference identified…
Prime Minister Shehbaz Sharif is expected to use the upcoming United Nations General Assembly session in New York to highlight Pakistan’s diplomatic efforts to help end the ongoing conflict between the United States and Iran. The prime minister is scheduled to address the 81st session of the UN General Assembly on September 25. The escalating…
Global oil prices climbed for a fourth consecutive session on Wednesday, with Brent crude moving closer to the key $100 per barrel mark as renewed fighting in the Middle East heightened concerns over potential disruptions to global crude supplies. Brent crude futures rose 1.4% to $99.33 a barrel, while US West Texas Intermediate crude gained…
Global oil prices edged lower on Friday as increased crude oil shipments through the Strait of Hormuz eased fears of supply disruptions, despite ongoing geopolitical tensions in the Middle East and uncertainty surrounding diplomatic efforts between the United States and Iran. Brent crude futures fell $1.03 (1.2%) to $88 per barrel, while US West Texas…
Global oil prices climbed by more than 2% after renewed military tensions between the United States and Iran heightened concerns over the security of oil shipments passing through the Strait of Hormuz, one of the world’s most important energy trade routes. The latest escalation has increased fears of a wider regional conflict, with the Strait…
Pakistan and Qatar have reportedly intensified diplomatic efforts to help prevent further military escalation between the United States and Iran, urging both countries to return to negotiations under the framework of the Islamabad Memorandum of Understanding (MoU). According to Pakistani government sources, both Islamabad and Doha remain in close contact with officials in Washington and…
