LNG

PetroChina is considering divesting part of its 15% share in LNG Canada Development Inc. in Kitimat, British Columbia, to help finance a planned Phase 2 expansion of the liquefaction project, people familiar with the matter told Bloomberg. The Chinese state-owned producer, which is working with an adviser to gauge buyer interest, may reduce its holding gradually through several smaller transactions.

Pakistan is preparing to sell excess LNG, imported from Qatargas and Eni, starting from January 1, 2026, after lower gas-burn for power generation created a surplus, petroleum minister Ali Pervaiz Malik said. The Government  initially tried to divert imported LNG to domestic customers, but this move increased circular debt in the gas sector and caused loses of around Rs1,000 billion (US$3.55 million) since 2018-19.