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Pakistan’s LNG Excess Turns to Deficit Amid Iran Conflict

A sudden energy crisis has beset Pakistan, largely due to the escalating conflict between the US and Israel and Iran. Initially, this year, the country found itself with an excess of imported liquefied natural gas (LNG), a situation that had persisted for three consecutive years. The downward trend in demand, which had begun in 2021, peaked at 8.2 million tonnes, but by late 2025, it had dropped to 6.1 million tonnes, largely due to the proliferation of affordable solar panels and reduced industrial activity. As a country heavily reliant on LNG imports from Qatar and the United Arab Emirates, and lacking emergency reserves, Pakistan’s shift from a surplus to a shortage of LNG occurred remarkably swiftly.

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