New Delhi, April 4 (IANS) Pakistan’s energy sector has been thrown into turmoil after a sudden geopolitical shock flipped the country’s liquefied natural gas (LNG) market from oversupply to acute shortage within weeks, a report has said.At the start of 2026, Pakistan was grappling with excess LNG. Demand had been declining steadily for three years, falling from 8.2 million tonnes in 2021 to about 6.1 million tonnes by late 2025, according to Al Jazeera report.The drop was driven by the rapid…
Latest Ras Laffan Industrial City News & Updates
New Delhi, March 19 (IANS) In a strong display of diplomatic support, Prime Minister Narendra Modi held a telephone conversation with the Amir of Qatar, Sheikh Tamim bin Hamad Al Thani, on Thursday to convey warm Eid greetings and firmly reiterate India’s condemnation of the recent attacks on energy infrastructure in the Gulf region. The phone call comes amid escalating tensions that have threatened global energy supplies and maritime security.PM Modi, in an X post, reiterated that Indi…
New Delhi, March 19 (IANS) Oil prices jumped more than 4 per cent on Thursday over attacks on key energy infrastructure in West Asia.The April contract of Brent crude on the Intercontinental Exchange was trading at $111.78 per barrel, up 4.10 per cent from its previous close. Meanwhile, the April contract of West Texas Intermediate (WTI) on NYMEX rose 3.37 per cent to $99.57 per barrel.Oil surged after Israel’s strike on Iran’s South Pars gas field — the world’s largest. Iran retaliated,…
Doha, March 18 (IANS) Qatar on Thursday strongly condemned and denounced what it described as a “blatant Iranian attack” targeting Ras Laffan Industrial City, which reportedly caused fires and significant damage to the LNG facility. In an official statement, Qatar termed the attack a dangerous escalation, a flagrant violation of state sovereignty, and a direct threat to its national security and regional stability.The Ministry of Foreign Affairs stated that despite Qatar’s policy of distan…
Paris, March 19 (IANS) French President Emmanuel Macron on Thursday called for an immediate end to military strikes on civilian infrastructure, particularly energy and water supply facilities, in the current Iran war.In a message posted on social media, Macron said he had spoken with US President Donald Trump and the Emir of Qatar Sheikh Tamim bin Hamad Al Thani, following strikes that had hit gas production facilities in Iran and Qatar, noting that it was in the common interest to implement wit…