Pakistan receives first shipment of Russian LPG

Pakistan receives first shipment of Russian LPG

Islamabad (Web Desk): Pakistan has received its first shipment of liquefied petroleum gas (LPG) from Russia, the Ru 

According to international media reports, the shipment was imported by the private sector.

The 100,000 metric tons shipment, according to the Russian Embassy in Pakistan, was delivered through neighboring Iran months after Pakistan received its first-ever delivery of Russian crude oil in line with a deal struck between the two countries earlier this year.

"Russia has delivered the first batch of liquefied petroleum gas (LPG) in the amount of 100 thousand metric tons to Pakistan through Iran's Sarakhs Special Economic Zone," the Russian embassy said in a post on X (formerly Twitter) on Tuesday.

Consultations for the second shipment are currently underway, the statement said.

 In January this year, Russia agreed to provide oil and gas to Pakistan at "discounted" rates in order to meet Islamabad's rising domestic and industrial energy needs.

Currently, the South Asian nuclear country meets 80% of its oil requirements, or roughly 154,000 barrels per day, from traditional Gulf and Arab suppliers, mainly Saudi Arabia and the United Arab Emirates (UAE).

In July, Islamabad signed a framework agreement with Azerbaijan for the procurement of LNG on flexible terms to meet its domestic energy requirements.