Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies

The glut has forced Pakistan to sell gas at steep discounts, curb local production, and consider offshore storage or reselling excess cargoes, according to government presentations reviewed by Reuters.

Eni's last delivered cargo to Pakistan was received at the GasPort terminal on January 3, according to Kpler data. The first source, and a fourth one, said Pakistan had also agreed a deal with Eni not to receive any further cargoes in 2025.

Eni shipped out 12 cargoes to Pakistan in 2024.

(Reporting by Ariba Shahid in Karachi. Additional reporting by Marwa Rashad in London and Francesca Landini in Milan. Editing by Mark Potter)