Pakistan, US discuss long-term energy supply contracts

Pakistan and the United States engaged in talks to bolster their energy partnership, with discussions encompassing potential long-term supply contracts and investments in upgrading Pakistan's refineries. Federal Minister for Petroleum Ali Pervaiz Malik and US Chargé d’Affaires Natalie A. Baker held a meeting, during which Malik provided Baker with an update on Pakistan's efforts to maintain energy security in light of the evolving geopolitical landscape and the challenges posed by the ongoing conflict in the Middle East on fuel availability.

Baker acknowledged Pakistan's adept management of fuel supplies, despite regional challenges, which had averted a fuel shortage. The minister pointed out the ongoing collaboration between both nations to explore avenues for partnership, particularly focusing on Pakistan's refinery upgrade program, which could present investment opportunities for US financial entities.

Baker emphasized the US's readiness to collaborate closely with Pakistan to meet its energy demands and highlighted their interest in establishing long-term energy supply contracts that would benefit both countries.

During the meeting, managing directors of Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL) reported on the interest of US firms in supplying liquefied natural gas (LNG) to Pakistan. Malik proposed the idea of inviting US companies to take part in the upcoming Pakistan Minerals Investment Forum (PMIF), underscoring investment prospects in the nation.

The minister expressed gratitude for the US's support and affirmed that enhanced bilateral interaction would fortify energy cooperation and bolster Pakistan's long-term energy stability.