Overview
- SOCAR President Rovshan Najaf announced the plan during a World Economic Forum meeting with Finance Minister Muhammad Aurangzeb in Davos.
- Both sides said they will maintain close coordination to complete the transaction next month.
- SOCAR already supplies LNG to Pakistan under a government-to-government framework that allows up to one cargo per month without take-or-pay, extended into 2025.
- The Azerbaijani company expressed interest in deeper collaboration with Pakistan State Oil and across the broader oil and gas value chain.
- Pakistan highlighted reforms focused on pricing transparency, contractual clarity and risk-sharing to attract sustained private-sector participation.