Pakistan, US discuss energy supply deals

ISLAMABAD:

Amid concerns over energy supplies stemming from the conflict in the Middle East, Pakistan has discussed closer cooperation with the United States on fuel security, refinery upgrades and potential LNG supplies.

During a meeting with US Chargé d'Affaires Natalie A. Baker on Monday, Petroleum Minister Ali Pervaiz Malik briefed her on measures taken by Pakistan to safeguard energy security amid the evolving geopolitical situation.

He said the ongoing conflict in the Middle East had created challenges for fuel availability, requiring proactive steps to ensure uninterrupted supplies.

Baker congratulated Pakistan on managing the fuel supply situation effectively, noting that the country had avoided a shortage despite the challenging regional circumstances.

Malik reaffirmed Pakistan's commitment to securing its energy needs and highlighted ongoing engagement between the teams of the two countries to identify opportunities for cooperation.

He said Pakistan's refinery upgradation programme could open up investment opportunities for US financial institutions.

The US chargé d'affaires expressed Washington's desire to work closely with Pakistan to address its energy requirements.

She emphasised the importance of creating opportunities for American companies in Pakistan and expressed optimism about establishing long-term energy supply contracts, saying such arrangements would be mutually beneficial and create opportunities for US businesses.

During the meeting, the managing directors of Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL) briefed the participants on the interest shown by US companies in supplying LNG to Pakistan.

Malik also invited US companies to participate in the upcoming Pakistan Minerals Investment Forum (PMIF), highlighting the investment opportunities available in the country.