Core Viewpoint - Pakistan has reached an agreement to cancel 21 liquefied natural gas (LNG) cargoes from its long-term contract with Italy's Eni, aiming to reduce excess imports that have overwhelmed its gas network [1] Group 1: Company Actions - The cancellation of the 21 LNG cargoes is part of Pakistan's broader strategy to manage its gas supply and demand effectively [1] - This decision reflects Pakistan's efforts to address the challenges posed by an oversaturated gas network [1] Group 2: Industry Implications - The move may indicate a shift in the LNG market dynamics, particularly in how countries manage long-term contracts amid fluctuating demand [1] - It highlights the ongoing challenges faced by countries reliant on LNG imports, especially in balancing supply with domestic consumption needs [1]
Exclusive: Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies