KARACHI: Dubai’s state-owned Emirates National Oil Company Limited (ENOC) has declined to deliver a liquified natural gas (LNG) shipment to Pakistan for the end of February amid rising prices in the international market, Pakistani officials have said, as gas shortages continue to soar nationwide.
Since the start of the winter, Pakistanis using natural gas for cooking and heating, as well as factories and power plants that rely on the fuel, have experienced significant inconvenience due to low gas pressure or no supply at all. Factories and business have been badly affected, threatening jobs and the livelihoods of workers.
Indeed, December and January see the largest spike in demand for gas in Pakistan, but this year authorities have said the demand-supply shortfall is greater on the back of higher consumption and diminishing indigenous supply.
Last month, SOCAR Trading (UK) Limited and ENOC Singapore offered the lowest prices to supply two liquefied natural gas cargoes to Pakistan LNG Limited (PLL) for delivery in February 2021, according to a tender document.
SOCAR offered a cargo for delivery between February 15 to 16 at a percentage of the Brent crude oil futures price, known as a slope rate, of 23.4331%, while ENOC offered a slope rate of 20.8483% for a cargo for February 23 to 24, according to a document on the PLL website.
“The spot cargo in mid-February was awarded to SOCAR Trading UK Ltd. The second spot cargo, in the last week of February 2021, was awarded to the lowest bidder as per Public Procurement Regulatory Authority (PPRA) Rules, who conveyed inability to deliver as per its bid,” PLL said in a statement on Saturday about ENOC.
After ENOC conveyed its inability to deliver the cargo, PLL said it had approached the second and third lowest bidders within the bid validity period, all of whom also regretted to deliver the cargo at the prices they had offered in their earlier bids.
“This bid default of the suppliers is associated with the recent supply shortages leading to high price volatility in the spot market coupled with extra buying in North Asia,” PLL said.
Pakistan is legally bound to award a contract after 10 days of bids opening, which in this case was January 07, 2021.
Due to its failure to fulfil its contract commitment, the ENOC has lost its surety bond worth $300,000.
Dropping mercury across Asia and Europe has been driving LNG cargo prices to record highs. Spot LNG prices on Wednesday surged to a record high of $32.50 per mmbtu, according to S&P Global Platts, the price agency which issues Japan-Korea-Marker (JKM), a reference point used for spot deals in the region.
Analysts say the non-delivery of a single cargo will not have a major impact on the supply of gas in the domestic market.
“There is a short supply of LNG in the international market, that is why ENOC opted out of the contract,” Samiullah Tariq, head of Research at Pakistan Kuwait Investment, told Arab News. “There would be no major impact on the supply side. The supply has improved with rise in temperatures in parts of the country.”
“At this time, a total of eight cargoes are secured,” the PLL statement said. “PLL is working with the respective users to reconfirm demand at the current prices and is exploring alternatives if demand for an additional cargo in February is reconfirmed.”
The South Asian country has become an emerging buyer in the international LNG market over the last few years, with an increasing gap between demand and supply of gas.
Pakistan has long-term purchase deals in place, but regularly taps the spot market as demand continues to rise.
The power sector is Pakistan’s largest natural gas consumer, followed by residential consumption and the fertilizer industry.
Dubai’s ENOC declines LNG cargo delivery to Pakistan as international prices soar
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Dubai’s ENOC declines LNG cargo delivery to Pakistan as international prices soar
- Last month, SOCAR Trading Limited and ENOC offered the lowest prices to supply two liquefied natural gas cargoes to Pakistan for delivery in February
- After ENOC conveyed its inability to deliver, Pakistan approached the second and third lowest bidders, all of whom also regretted
Pakistan commends OIC for empowering females during ongoing summit on girls’ education
- Pakistan’s deputy PM meets OIC Secretary-General Hissein Brahim Taha in Islamabad
- At least 150 dignitaries from 44 Muslim and other friendly states are attending summit
ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar met the chief of the Organization of Islamic Cooperation (OIC) this week to laud the inter-governmental organization’s efforts in empowering women, the foreign office said, as Islamabad hosts a two-day conference on girls’ education in Muslim communities.
Dar met OIC Secretary-General Hissein Brahim Taha, who is in Islamabad to take part in the International Conference on “Girls’ Education in Muslim Communities: Challenges and Opportunities.”
The global summit, which aims to find ways to advance girls’ education across the Muslim world, is being attended by over 150 dignitaries from 44 Muslim and other friendly states, according to Pakistan’s foreign office.
“Welcoming the OIC delegation to Pakistan, the Deputy Prime Minister and Foreign Minister commended the OIC’s dedication and commitment to women empowerment and its unwavering focus on girls’ education in the Islamic countries,” the foreign office said on Saturday.
During the meeting, the two sides discussed Israel’s war in Gaza and the situation in the Middle East, Indian-administered Jammu and Kashmir, Islamophobia, discrimination, violence against Muslims worldwide and the role of OIC in that regard.
“The DPM/FM commended the appointment of OIC’s Special Envoy on Islamophobia to help coordinate the work of the Organization and its Member States for addressing discrimination against Muslims all over the world,” the statement added.
The two-day conference resumes today, Sunday, and will see an “Islamabad Declaration” announced at the end of the conference that would outline decisive steps to transform girls’ education in Islamic countries.
Pakistan’s finmin departs for Asian Financial Forum to meet top Chinese officials, investors
- AFF brings together influential leaders from government, finance and business in the region
- Muhammad Aurangzeb will also interact with foreign media publications during the tour
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb has left for Hong Kong to take part in the Asian Financial Forum (AFF) 2025 where he is expected to meet top Chinese officials, financial experts and investors, state-run media reported on Sunday.
The AFF is the region’s premier platform that brings together influential leaders from government, finance, and business communities globally for ground-breaking discussions and exchange of insights on the global economy from an Asian perspective.
AFF 2024 brought together over 140 elite speakers from around the world and attracted over 3,600 visitors from more than 50 countries and regions, including over 70 overseas and mainland China delegations.
“Finance Minister Muhammad Aurangzeb has departed for Hong Kong to represent Pakistan in the eighteenth Asian Financial Forum,” Radio Pakistan reported.
“During his visit, he will meet with heads and senior officials of major Asian financial institutions.”
The state media said Aurangzeb will meet Chinese and foreign officials, financial sector experts, professionals, investors and top businessmen during the summit.
These include the heads of China International Capital Corporation Limited, China New Energy Sky Rail Limited and Asian Infrastructure Investment Bank, it added.
The Pakistani finance minister will also hold interactions with foreign media, which include speaking to international publications such as Bloomberg, Nikkei Asia and other media representatives.
His visit to Hong Kong takes place as Pakistan attempts to ward off an economic crisis that has drained its resources and triggered a balance of payments headache for the country over the past two years.
Pakistan has made some economic gains since 2023 by slashing inflation down to single-digit figures from a record high of 38 percent in May 2023 and registering gains in the stock market.
Authorities in Pakistan’s southwest order case against coal mine owners after methane blast kills 12
Authorities in Pakistan’s southwest order case against coal mine owners after methane blast kills 12
- The incident occurred on Thursday, with rescuers managing to retrieve four bodies from the mine filled with gasThe incident occurred on Thursday, with rescuers managing to retrieve four bodies from the mine filled with gas
- Provincial mining department says 82 workers were killed in 46 coal mine accidents in Balochistan last year
QUETTA: The government of Pakistan’s southwestern Balochistan province ordered the lodging of a case against the owners of a private mining company on Saturday after a deadly methane gas explosion on Thursday killed 12 workers inside their coal mine located about 40 kilometers from Quetta.
Rescue teams recovered four bodies of the miners on Friday, while the search for the remaining eight has continued over the past two days, with rescuers facing challenges retrieving the bodies from 4,000 feet inside the mine filled with hazardous gas.
In a notification issued on Friday, the provincial mining department directed the district administration to lodge a First Information Report (FIR), or police complaint, against the owners of United Mineral Company Sanjdi.
“An accident occurred on 09/01/2025, which killed twelve miners,” the notification said. “Therefore, it is requested to lodge an FIR against Sheikh Abdul Aziz and Hayat Khan, owners of the mine.”
Balochistan, Pakistan’s largest province in terms of landmass, is one of the most impoverished regions in the country, yet it is among the richest in terms of mineral resources, with gold, copper and coal mines scattered across various districts.
Many coal mines in the province are operated by private companies, often under lease agreements with the government.
These mines are notorious for hazardous working conditions and poor safety standards, where deadly incidents are common, and miners work deep underground without adequate safety equipment.
According to the Mines and Mineral Department of Balochistan, 82 workers were killed in 46 coal mine accidents in 2024.
“Following the request of the mining department, we are lodging an FIR against the mine owners of the private mineral company located in Sanjdi,” Saadi Bin Asad, deputy commissioner of Quetta, told Arab News.
New Zealand recall proven trio for Pakistan-hosted Champions Trophy
- New Zealand recall Kane Williamson, Devon Conway and Lockie Ferguson for upcoming tournament
- Key trio were unavailable for home ODI series against Sri Lanka due to offshore T20 commitments
Wellington: Seasoned players Kane Williamson, Devon Conway and Lockie Ferguson were recalled Sunday to an experienced New Zealand squad to contest the Champions Trophy one-day tournament.
The key trio were unavailable for the just-completed home ODI series against Sri Lanka because of offshore T20 commitments.
Batters Williamson and Conway have been playing in South Africa’s T20 league while pace bowler Ferguson is involved in Australia’s Big Bash competition.
Ben Sears was also selected for the ICC tournament co-hosted by Pakistan and UAE, having missed the 2-1 series win over Sri Lanka with a knee injury.
It will be the first senior ICC event for Sears and fellow pace bowlers Will O’Rourke and Nathan Smith.
Coach Gary Stead will oversee a squad he said also boasted experience and depth.
“We’re currently blessed with a lot of quality players and that certainly made for some challenging selection discussions,” Stead said.
Spin bowler Mitchell Santner will lead New Zealand at a major event for the first time, after being named full-time white ball captain in December.
Santner, former skipper Williamson and wicketkeeper Tom Latham were all part of the New Zealand squad for the last edition of the Champions Trophy, in England and Wales in 2017.
New Zealand will contest the tournament’s opening match against Pakistan in Karachi on February 19, followed by pool games against Bangladesh and India.
New Zealand squad: Mitchell Santner (capt), Will Young, Devon Conway, Rachin Ravindra, Kane Williamson, Mark Chapman, Daryl Mitchell, Tom Latham, Glenn Phillips, Michael Bracewell, Nathan Smith, Matt Henry, Lockie Ferguson, Ben Sears, Will O’Rourke
Balochistan sacks 15 Levies personnel for surrendering to separatists in Khuzdar attack
- Dozens of armed militants took control of a small town in the district, set government properties on fire
- Khuzdar’s top administration official says paramilitary personnel showed ‘cowardice’ by not fighting
QUETTA: Authorities in Pakistan’s southwestern Balochistan province sacked 15 paramilitary personnel of Levies, it emerged Saturday, for showing “cowardice” by surrendering to armed militants of a separatist group following an attack on Zehri, a small town in Khuzdar district, on January 8.
Dozens of ethnic Baloch separatists entered the area and took control of Zehri Bazaar for several hours, setting government properties on fire and robbing Rs768,000 ($2,745) from a private bank.
Footage and pictures seen by Arab News showed armed fighters roaming the streets of the town after seizing weapons, vehicles and motorbikes from the paramilitary force.
Security forces later reclaimed the town following skirmishes with the militants, during which one soldier was injured.
“The Levies officials clearly showed cowardice and irresponsibility,” said a notification seen by Arab News. “The undersigned is of the view that there is no need to conduct any formal inquiry.”
Prepared by Khuzdar’s deputy commissioner, Yasir Iqbal Dashti, the notification was issued on January 9, a day after the incident.
Dashti confirmed the development to Arab News, saying the district administration had terminated the services of Levies personnel who did not fight the militants.
An outlawed armed separatist faction, the Balochistan Liberation Army (BLA), claimed responsibility for the attack.
Balochistan, Pakistan’s largest province by landmass and rich in mineral resources, has long faced a low-level insurgency led by separatist groups like the BLA, who accuse Islamabad of exploiting the province’s natural resources, such as gold and copper, while neglecting the local population.
Pakistani governments deny these allegations, saying that it has prioritized Balochistan’s development through investments in health, education and infrastructure projects.
The BLA has emerged as a significant security threat in recent years, carrying out major attacks in Balochistan and Sindh provinces while targeting security forces, ethnic Punjabis and Chinese nationals working on development projects.
Violence by Baloch separatist factions, primarily the BLA, killed about 300 people last year, according to official statistics, marking an escalation in the decades-long conflict.
