Pakistan welcomed its inaugural liquified petroleum gas shipment from Russia, announced by Moscow’s embassy in Islamabad. This signifies Islamabad’s second significant energy acquisition from Russia.
Assisted by Iran, this delivery follows Pakistan’s first receipt of Russian crude oil earlier in the year, cementing a pact between the two nations.
The delivery, comprising 100,000 metric tonnes, transited via Iran’s Sarakhs Special Economic Zone, according to the Russian embassy’s social media update. The embassy mentioned ongoing discussions regarding another shipment but remained silent on the specifics of Iran’s role, the cost of the LPG, or any potential discounts.
While Pakistan confirmed payment for the Russian crude in Chinese currency, the exact value remains undisclosed.
Given that energy purchases dominate Pakistan’s external expenditures, these potentially discounted imports from Russia could alleviate economic pressures. Pakistan grapples with severe economic challenges, including an imminent risk of defaulting on its foreign debt.