In a move marking an expansion of energy ties between the two countries, the Russian diplomatic mission in Islamabad confirmed the delivery of 100,000 metric tons of liquefied petroleum gas (LPG) to Pakistan through Iran on Tuesday.
The delivery follows an earlier government-to-government (G2G) deal that saw Pakistan import 100,000 tons of discounted Russian crude oil on June 11, which prompted former Prime Minister Shehbaz Sharif to describe it as a “transformative day” for the economically struggling South Asian nation.
The LPG shipment, announced by the Russian embassy in a social media post, comes as Pakistan seeks to diversify its energy portfolio with more affordable options.
“Russia has delivered the first batch of liquefied petroleum gas (LPG) in the amount of 100 thousand metric tons to Pakistan through Iran’s Sarakhs Special Economic Zone,” it said on messaging platform X, formerly known as Twitter. “Consultations on the second shipment are underway.
Pakistan has already started blending Russian oil with imported crude from the Gulf markets.
Zahid Mir, a top official at Pakistan Oil Refinery, told Arab News last month that the Russian crude had been successfully processed by the country, adding that the spot deal with Moscow was both technically and commercially viable.
He also informed negotiations for further cargo imports were underway.
Pakistan plans to import about 20 percent of its crude oil from Russia at discounted rates to meet its growing energy demand.
It meets about 43 percent of its LPG requirement, with a total annual consumption of 4,600 metric tons, through local production, according to data compiled by the Petroleum Club of Pakistan.
Pakistani officials could not be approached for comments on the story.
Source : Arab News