Govt, KP step up energy coordination amid global market volatility

Mettis Global reported that the federal and Khyber Pakhtunkhwa governments will work more closely on oil and gas supplies, security for exploration and production, and the province's wider energy problems. The talks follow turbulence in global oil markets and interruptions to energy deliveries worldwide. Petroleum Minister Ali Pervaiz Malik and KP Energy and Power Minister Nazir Ahmed Abbasi met on Thursday and agreed to bolster cooperation over key energy issues.

Malik told his counterpart that pressure in world markets was also hitting Pakistan's home energy industry, while the federal government remained committed to steady, uninterrupted supplies despite external challenges. He said a broad strategy to make E&P operations safer throughout the province was being prepared with security forces. Both sides agreed that a secure environment was essential to sustain current exploration and draw more investment into the oil and gas sector, and that greater activity could also lift royalty income for Khyber Pakhtunkhwa.

On gas, Malik said the ongoing war and energy market disruption were straining supplies, and that distribution arrangements could be revised once conditions became clearer. Abbasi proposed creating a provincial LPG company to serve hilly and remote areas, drawing on the 10% share reserved for such areas under the LPG Policy. Petroleum Division officials said detailed allocation and supply data would be shared with the KP government.