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HomePakistanPakistan receives first shipment of Russian LPG, says Russian embassy

Pakistan receives first shipment of Russian LPG, says Russian embassy

ISLAMABAD (Reuters) – Pakistan has received its first shipment of liquefied petroleum gas from Russia, Moscow’s embassy in Islamabad said on Tuesday, marking Islamabad’s second major purchase of Russian energy.

The shipment, which the embassy said was delivered with Iranian help, comes after Pakistan received its First delivery of Russian crude oil. under an agreement reached between the two countries earlier this year.

Russia delivered 100,000 metric tons to Pakistan through Iran’s Sarakhs Special Economic Zone, the Russian embassy said in a social media post.

The embassy said consultations were underway about a second shipment. It did not provide details about Iran’s involvement and it was not immediately clear how much the LPG cost or whether it was discounted.

Pakistan has said it had paid for Russian crude in chinese currency but the value of the deal was never revealed.

Energy imports make up the majority of Pakistan’s external payments and discounted imports from Russia offer respite as Islamabad faces an economic crisis with a serious balance of payments problem, with the risk of default on its external debt.

Reporting by Gibran Peshimam; Editing by Rami Ayyub

Our standards: The Thomson Reuters Trust Principles.

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