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Pakistan has successfully secured its second LNG cargo from the State Oil Company of Azerbaijan Republic (SOCAR) under a Government-to-Government Framework Agreement, with delivery scheduled for February 2024.This achievement, following the first cargo in December 2023, strengthens the energy partnership between Pakistan and Azerbaijan, ensuring a consistent supply of LNG to meet the country's growing energy needs.The agreement is crucial for Pakistan's winter energy demand, reducing dependence on spot LNG purchases and enhancing resilience against global price fluctuations and geopolitical uncertainties.The historic and flexible terms of the agreement highlight a breakthrough in the relationship between PLL and SOCAR, contributing to Pakistan's energy security.[ATTACH=full]399[/ATTACH]
Pakistan has successfully secured its second LNG cargo from the State Oil Company of Azerbaijan Republic (SOCAR) under a Government-to-Government Framework Agreement, with delivery scheduled for February 2024.
This achievement, following the first cargo in December 2023, strengthens the energy partnership between Pakistan and Azerbaijan, ensuring a consistent supply of LNG to meet the country's growing energy needs.
The agreement is crucial for Pakistan's winter energy demand, reducing dependence on spot LNG purchases and enhancing resilience against global price fluctuations and geopolitical uncertainties.
The historic and flexible terms of the agreement highlight a breakthrough in the relationship between PLL and SOCAR, contributing to Pakistan's energy security.
[ATTACH=full]399[/ATTACH]
