CleanTechnica•28 days ago
Pakistan’s LNG Retreat Signals Trouble for Canada’s Export Ambitions
Key Takeaway
This article highlights the increasing uncertainty in long-term fossil fuel demand, posing significant risks for developers of new LNG export and gas-fired power projects.
AI Summary
- •Pakistan is requesting to divert or sell 24 contracted LNG cargoes for 2026, signaling a significant shift in its energy strategy.
- •This move challenges the global assumption of continuously rising LNG demand, particularly impacting countries like Canada with large export ambitions.
- •The retreat stems from Pakistan's re-evaluation of its long-term power demand growth and reliance on imported gas, despite prior commitments to long-term LNG contracts.
- •For developers, this indicates increased risk for new LNG export projects and highlights the volatility of long-term fossil fuel demand projections.
Topics
ccgtemissionsfinancingpolicy
Article Content
Pakistan’s request that Qatar divert or sell 24 contracted LNG cargoes in 2026 is a sharp signal for every country that still assumes LNG demand will rise for decades. Pakistan committed to long-term LNG contracts when its planners believed power demand would grow steadily and imported gas would fill the ... [continued] The post Pakistan’s LNG Retreat Signals Trouble for Canada’s Export Ambitions appeared first on CleanTechnica .