KARACHI: Pakistan is among the Asian economies most at risk of rapid energy shortages if disruptions to Gulf shipping continue, according to analysis from energy data provider Kpler, the Council on Foreign Relations and reporting by the Financial Times.
Energy
PM Sharif appeals for fuel savings to head Off supply risks from Middle East turmoil
ISLAMABAD: The government called on the public on Thursday to step up fuel-conservation efforts, warning that supplies of petroleum products could come under pressure in the coming days as instability in the Middle East intensifies.
Pakistan oil importers face FX bottleneck as global prices double on Iran conflict
ISLAMABAD: Pakistan’s oil marketing companies are running into foreign-exchange bottlenecks as soaring international crude and product prices, coupled with higher insurance, import premiums and freight costs triggered by the US-Israel conflict with Iran and the blockade of the Strait of Hormuz, more than double the financing required for cargoes.
Pakistani tanker navigates Iranian coastline in rare Hormuz transit with Tehran approval signals
ISLAMABAD: A Pakistani-flagged tanker has transited the Strait of Hormuz by hugging the Iranian coastline, the latest sign that safe passage through the vital oil chokepoint may now depend on approval from Tehran amid the ongoing US-Israeli conflict with Iran, Bloomberg reported on Tuesday.
Pakistan LNG supplies set to run dry after April 14 as Qatar shipments halt amid Middle East conflict
ISLAMABAD: Pakistan will exhaust its liquefied natural gas stocks after April 14, with imports from Qatar fully suspended since early March because of shipping disruptions tied to escalating tensions in the Middle East, officials told a Senate committee on Monday.
Pakistan’s Intelligence Bureau to police austerity drive amid Hormuz supply fears
ISLAMABAD: Prime Minister Shehbaz Sharif has ordered the Intelligence Bureau to police the government’s new national austerity plan, tasking the spy agency with auditing fuel-conservation measures across federal and provincial institutions as global oil markets reel from escalating conflict in the Middle East.
Pakistan fuel supplies secured through mid-April as Middle East conflict drives price surge
ISLAMABAD: The government said on Monday that the country has secured its March fuel requirements and has supply coverage extending into mid-April, easing concerns over potential shortages triggered by conflict in the Middle East.
Pakistan fuel stocks hold steady as Iran conflict disrupts Hormuz shipping
ISLAMABAD: Pakistan’s petroleum product inventories remain at comfortable levels with supply chains operating without disruption, ensuring adequate availability in the coming weeks even as escalating conflict in Iran drives volatility in global crude and refined product markets, the Finance Ministry said.
Pakistan pauses fuel price hike even as Iran war drives oil near $100
ISLAMABAD: Prime Minister Shehbaz Sharif opted against raising petroleum product prices on Friday, choosing to shield consumers from the latest surge in global oil costs triggered by the widening Middle East war.
Pakistan’s domestic power boom shields economy from LNG supply shocks
ISLAMABAD: Pakistan has cut its vulnerability to global liquefied natural gas disruptions by steadily shifting electricity generation toward indigenous sources, including a surge in rooftop solar, nuclear reactors, local coal and hydropower, Power Minister Awais Leghari said.