Petroleum Minister Ali Pervaiz Malik has announced that Pakistan will start selling excess liquefied natural gas in international markets from January 1 to reduce mounting financial losses in the energy sector. Addressing a press conference in Lahore, the minister said declining gas-based power generation had created a significant surplus of imported LNG.
He explained that Pakistan currently imports gas mainly from Qatar and Italian energy company ENI, but lower demand forced authorities to divert the surplus to domestic consumers. This, he said, intensified circular debt in the gas sector and caused losses of nearly Rs1,000 billion since 2018–19. Exporting the excess LNG will ease the burden and stabilize the energy economy.
The minister said the government has also taken firm action against substandard gas cylinders following public complaints. He added that around 250,000 to 300,000 new gas connections are being provided nationwide, while maximum relief is being extended to consumers during the winter season.
Highlighting fresh investments, Malik said a Turkish petroleum company is set to open its office in Islamabad, creating new employment opportunities. He added that cooperation with Azerbaijan is expanding, with a delegation expected soon to reduce reliance on imported oil and gas and accelerate energy sector reforms.
Malik further revealed that a new gas pipeline from Maachike to Thallian is under construction, while major progress is being made in copper exploration. He said $3.5 billion in investment is expected soon, while the Reko Diq project will be inaugurated within two months and Pakistan will begin exporting 400,000 tons of copper.
On the economic front, the minister said the government has controlled deficits, reduced taxes and taken steps to curb inflation. He stressed that strengthening exports and creating dignified jobs for youth remain top priorities, adding that national progress depends on unity, stability and strong governance.
