Pakistan Eyes 2026 Launch for First Chinese Submarine
The Pakistan Navy expects its first Chinese-designed submarine to enter active service next year, the country's top admiral told Chinese state media, bolstering Beijing's bid to counter regional rival India and project power toward the Middle East.A deal under which Islamabad will take delivery of eight Hangor-class submarines by 2028 is "progressing smoothly," Admiral Naveed Ashraf told the Global Times in an interview published on Sunday, adding the submarines would boost Pakistan's…
Pakistan Pushes Qatar LNG Contract with Qatar for a Year
Pakistan has deferred its liquefied natural gas (LNG) contract with Qatar for a year, Petroleum Minister Musadik Malik said, adding that the country will now get LNG cargoes from Qatar in 2026 instead of 2025.Annual power use in Pakistan, which gets over a third of its electricity from natural gas, has declined 8-10% year-on-year over the past three quarters, the country's power minister told Reuters in November, primarily due to higher tariffs curbing household consumption.The South Asian nation has deferred five LNG cargoes from Qatar and is also negotiating to defer five cargoes with other
Pakistan's Import of Russian Crude Facing Obstacles
Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say.The cash-strapped South Asian nation became Russia's latest customer snapping up discounted crude that has been banned from European markets due to Russia's war on Ukraine. Its first cargo arrived in June and a second is now under negotiation.It is targeting 100…
