Pakistan

OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.
Pakistan cancels 21 planned LNG cargoes from Eni due to a gas surplus and negotiates with Qatar for potential deferment or resale of shipments.

Electricity access stalls with 730 million people still unconnected in 2024

Global progress on electricity access slowed in 2024, with only 11 million new connections, despite targeted efforts in parts of Africa and Asia.
en_1140101085540
The visit of the Pakistani president to Shanghai Electric marks a new strategic phase in China-Pakistan energy cooperation, centred on the Thar mining and power project and local skills development.
The United States plans to collaborate with Pakistan on critical minerals and hydrocarbons, exploring joint ventures and projects in strategic areas such as Balochistan.

Pakistan Refinery purchases Nigerian Bonny Light from Vitol for the first time

Pakistan Refinery Limited is preparing to import Bonny Light crude oil from Nigeria for the first time, reflecting the expansion of Asian refiners’ commercial partnerships amid rising regional costs.
en_114080844540
The Saudi oil giant posts solid results despite falling oil prices. The company pays $21.3 billion in dividends and advances its strategic projects.
The rapid rise of solar energy is disrupting Pakistan’s electricity sector, forcing the government to revise its tariff policy and introduce new taxes on solar panel imports.

TCL Solar signs strategic 250MW agreement for Pakistani market

TCL Solar has concluded two exclusive partnerships in Suzhou with AU Solar and Madina Solar to supply 250 megawatts of photovoltaic modules to the Pakistani market, addressing rapidly growing local energy demand.
en_11408072029540
Gazprom, affected by a historic $6.9bn loss in 2023, is offering Pakistani state-owned firm OGDCL its petroleum assets in Nigeria to strengthen its presence in Asia’s energy market, according to Pakistani sources.
The Pakistani government is releasing 2,000 megawatts of power to support the development of data centres focused on artificial intelligence and Bitcoin mining, as part of a strategy to attract foreign investment.

Kyrgyzstan Relaunches Major Hydroelectric Project with Kazakhstan and Uzbekistan

Kyrgyzstan, Kazakhstan, and Uzbekistan team up to construct the Kambar-Ata-1 hydroelectric plant, a Soviet-era project revived to address energy and water shortages in Central Asia. The $3.5bn initiative requires international investment.
en_1140290949540-18
The lawsuit filed by three NGOs and eight plaintiffs accusing TotalEnergies of involuntary manslaughter and harm to biodiversity has been dismissed by the French judiciary, citing insufficient evidence of infractions.
In 2024, Chinese companies installed 24 gigawatts of new energy capacity in Belt and Road countries. Nearly half of the projects focused on renewable energy, underscoring their key role in global energy diplomacy.

Shanghai Electric: Strategic Certifications Bolster Its Influence in Emerging Markets

Shanghai Electric secures multiple certifications for key energy projects in Dubai, Oman, Bangladesh, and Malaysia, reinforcing its role in the energy strategies of emerging markets.
en_1140290945540-1
Facing water shortages worsened by climate change, Tajikistan invests in the Rogun Dam, a colossal infrastructure project that could become the world’s tallest hydroelectric dam and transform the country’s energy future.
Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.

Pakistan cancels contracts with five independent power producers to save $1.48 billion

The Pakistani government is terminating power purchase agreements with five independent power producers, including Hub Power Company Ltd, as part of reforms to reduce energy costs and meet the IMF’s requirements. Savings of 411 billion Pakistani rupees are expected.
en_1140660784540
JCM Power has won a 240 MW hybrid wind-solar project in Pakistan at a price of $0.031/kWh. This project strengthens K-Electric's power grid capacity, supporting the country's energy transition.
Afghanistan launches construction of the TAPI gas pipeline, a USD 10 billion project linking Turkmenistan, Pakistan and India to transport natural gas over 1,800 km.