Pakistan, US discuss energy cooperation and long-term fuel supply contracts

Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with US Chargé d’Affaires Natalie A. Baker to discuss avenues for strengthening bilateral cooperation in the energy sector.

During the meeting, Malik briefed Baker on the measures taken by Pakistan to ensure energy security amid the evolving geopolitical situation. He highlighted that the ongoing conflict in the Middle East had created challenges for fuel availability, requiring proactive measures to maintain uninterrupted supplies.

Baker congratulated Pakistan on efficiently managing the fuel supply situation, noting that the country had not experienced a fuel shortage despite challenging regional circumstances.

Malik underscored Pakistan’s commitment to securing its energy needs and highlighted ongoing engagement between the teams of both countries to explore opportunities for cooperation. He noted that Pakistan’s refinery upgradation programme could offer investment opportunities for US financial institutions.

Baker expressed the United States’ desire to work closely with Pakistan to address its energy needs. She emphasized the importance of creating opportunities for US companies in Pakistan and expressed optimism about establishing long-term energy supply contracts, noting that such arrangements would be mutually beneficial and create opportunities for American businesses.

During the meeting, the managing directors of Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL) briefed participants on the interest shown by US companies in supplying LNG to Pakistan.

Malik invited US companies to participate in the upcoming Pakistan Minerals Investment Forum (PMIF), highlighting the investment opportunities available in Pakistan.

The federal minister expressed appreciation for US support and emphasized that enhanced bilateral engagement would help strengthen energy cooperation and contribute to Pakistan’s long-term energy security.