KUALA LUMPUR : Eni said on Wednesday that the delivery of a liquefied natural gas (LNG) cargo to Pakistan LNG Limited that was scheduled for February has been disrupted due to an event of force majeure. The Italian major has a 15-year deal to supply Pakistan LNG with one cargo a month from 2017 to 2032.
KUALA LUMPUR : Eni said on Wednesday that the delivery of a liquefied natural gas cargo to Pakistan LNG Limited that was scheduled for February has been disrupted due to an event of force majeure.
"February LNG delivery disruption is beyond the reasonable control of ENI and due to an event of force majeure. ENI does not benefit in any way from the situation," said the company in a statement to Reuters. Pakistan has struggled to procure spot cargoes of LNG amid elevated global gas prices, which spiked to record highs last year following Russia's invasion of Ukraine.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan's IHI to study converting LNG terminals into ammonia-based facilitiesJapan's IHI Corp has started studies on possible conversion of liquefied natural gas (LNG) receiving and storage terminals located close to gas-fired power plants into ammonia-based facilities, it said on Wednesday. IHI will look at possibility to modify LNG terminals in the second half of this decade, as
Read more »
Power returns to cities in Pakistan day after massive outageThe outage started on Monday, a failure linked to a cost-cutting measure as Pakistan grapples with an economic crisis. Read more at straitstimes.com.
Read more »
Pakistan open to discuss all IMF demands to unlock stalled loan - PMISLAMABAD :Pakistan's Prime Minister Shehbaz Sharif said on Tuesday that his country was willing to discuss all demands of International Monetary Fund (IMF) to unlock its stalled funding.The remarks came a day after central bank governor Jameel Ahmad said the country's finance ministry was already holding tec
Read more »
Pakistan keen to discuss IMF demands for loan progress - PM SharifISLAMABAD : Pakistan has told the International Monetary Fund (IMF) that it wants to discuss the demands of the global lender for a loan for the country, Prime Minister Shehbaz Sharif said on Tuesday.The IMF is yet to approve the release of $1.1 billion originally due to be disbursed in November last year
Read more »
Kohli vs. An ex-cricketer from Pakistan draws a significant parallelSince having an impressive first full season in the IPL last year while playing for the Sunrisers Hyderabad, Indian bowler Umran Malik has had a meteoric climb
Read more »
Power returns to Pakistan a day after massive outageISLAMABAD, Pakistan: The national power grid was restored in Pakistan, the energy minister said on Tuesday (Jan 24), a day after a nationwide breakdown left most of the country's 220 m
Read more »