Pakistan: Energas and port authority dispute $2 million fee
Energas, a consortium of the Lucky Group and Qatar Energy, has abandoned plans for a liquefied natural gas terminal at Port Qasim, Dawn reported. The consortium cited changes in Pakistan’s energy policy and requirements, along with unresolved policy and fiscal issues that it said had undermined the project’s viability.
The Port Qasim Authority has demanded unconditional acceptance of its final letter of intent and an updated project status by November 30, 2026. It warned that failure to comply would lead to termination of the letter and forfeiture of the $2 million initial concession fee. The authority says the payment is subject to forfeiture under project guidelines and that Energas remained responsible for meeting development and approval requirements.
Energas has asked Prime Minister Shehbaz Sharif for a refund, arguing that it was not responsible for the project’s failure to advance. The consortium also cited a government energy study dated March 28, 2025, which it said found that Pakistan would not need another LNG terminal for five years.
Thailand: Household-solar subsidy remains a proposal
Thailand’s government is proposing a subsidy of 50,000 baht to encourage as many as one million households to install solar power systems, according to the Bangkok Post. The plan is due to be presented to the cabinet on Tuesday for approval and should not yet be treated as an approved policy.
Iran: State developer reports 127,000 barrels a day
Daily production from Iran’s East Paydar, Cheshmeh Khosh and Dalpari oilfields has reached 127,000 barrels, the head of the state Petroleum Engineering and Development Company said on Monday, according to the Tehran Times. The official said output had surpassed a contractual target of 120,000 barrels a day under an agreement with a Russian company.