Pakistan clears LNG diversion plan for 2026, allowing Qatar and Eni to reroute cargoes

LNG diversion approvals

Pakistan has approved an LNG diversion plan for 2026 that will allow long-term suppliers Qatar and Eni to reroute a number of contracted cargoes to other buyers. The decision is part of a broader strategy to optimise fuel imports, manage costs, and adjust to changing domestic gas demand patterns.

In 2026, authorities expect 11 LNG cargo diversions, which are projected to save about 230 million dollars for Pakistan’s energy system. A further 10 planned diversions in 2027 are forecast to generate an additional 290–300 million dollars in financial benefit, reflecting ongoing efforts to rebalance long-term LNG commitments.

Another 11 diversions expected in 2026 could save $230 ... A further 10 diversions planned for 2027 are forecast to bring in another $290–300 million.

Context and implications

The diversion plan indicates that Pakistan is seeking greater flexibility in its LNG portfolio, likely responding to weaker gas demand growth and increased competition from alternative energy sources such as coal and renewables. By allowing cargoes to be diverted, the government can reduce take-or-pay exposure and potentially secure more favourable pricing structures in future arrangements.

For Qatar and Eni, the arrangement enables redirection of LNG to markets where demand and spot prices may be stronger, helping both sides avoid inefficiencies in contract execution. These measures together signal a shift away from heavy reliance on LNG while still honouring long-term contracts through commercially negotiated adjustments.

Author’s summary: Pakistan’s 2026–2027 LNG diversion plan lets Qatar and Eni reroute cargoes, cutting import costs and yielding an estimated $520–530 million in combined savings and extra revenue.

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