Pakistan, Oct. 18 -- ISLAMABAD - Pakistan has asked Qatar to divert 24 of its contracted LNG cargoes to the international market in 2026 due to declining domestic demand and an oversupply of imported gas, The News reported on Saturday.

Officials from the Petroleum Division said the proposal would be finalised by the end of October under the Net Proceed Differential (NPD) clause of Pakistan's long-term LNG deals with Qatar. Under this clause, any resale profits from diverted cargoes go to Qatar, while Pakistan must bear losses if global spot prices fall below contract levels.

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By contrast, Pakistan's deal with Italy's ENI allows for profit-and-loss sharing, and one ENI cargo p...