Pakistan News

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  • Govt to decide imported LNG price in two days

    ISLAMABAD: Price of liquefied natural gas (LNG) to be imported from Qatar will be finalised within two days, Petroleum Minister Shahid Khaqan Abbassi said on Wednesday, assailing the oil importing lobby for “spreading rumours”...

    5 per cent of Brent crude price which will be the best price of LNG that Qatar has offered to anyone,” he said, briefing the National Assembly Standing Committee on Petroleum and Natural Resources, chaired by...

  • Opposition walks out of Senate after minister declines to disclose price of imported LNG

    ISLAMABAD: The opposition members walked out of Senate after Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi refused to disclose the import price of LNG being negotiated with Qatar...

    “I cannot disclose the price since the contract has not been signed yet,” said the minister while replying to speeches made by opposition senators during a debate on an adjournment motion “regarding failure of Ogra in fixing the...

  • LNG is the only solution to Pakistan's energy crisis: PM Abbasi

    Inaugurating the second Liquefied Natural Gas (LNG) terminal at Karachi's Port Qasim on Sunday, Prime Minister Shahid Khaqan Abbasi said that LNG was the only solution to Pakistan's energy crisis...

    The premier further said that previous governments had made several attempts to introduce LNG as a source of energy in the country, "but only the PML-N government had succeeded in doing so"...

  • ExxonMobil exit jolts Pakistan’s LNG plans

    ISLAMABAD: ExxonMobil has pulled out of a major project in Pakistan in a potential blow to plans to boost imports of liquefied natural gas (LNG) after years of winter shortages...

    A senior Pakistani government official put the chances of success for the project, set to be Pakistan’s third and biggest by import capacity, at 10-20 per cent due to the disagreements...

  • ‘Pakistan LNG import project consortium folds’

    LONDON: A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant ExxonMobil, France’s Total and Qatar Petroleum, has been dissolved, shipping company Hoegh LNG said on Thursday...

    Hoegh LNG was due to supply the project’s ship-based import terminal, a floating storage and regasification unit (FSRU), where LNG brought in by tanker is converted back to gas to feed into Pakistan’s grid...

  • Pakistan to continue import of LNG from Qatar

    Federal minister for Petroleum and Natural Resources says that Islamabad will continue to import liquefied natural gas (LNG) from Qatar under a 15-year agreement, despite the severing of diplomatic ties with Qatar by Saudi Arabia and some other countries...

    Shahid Khaqan Abbasi, said Qatar and Pakistan last year signed a $1 billion agreement, under which Qatar's Liquefied Gas Company Limited will sell LNG from 2016 to year 2031 to...

  • Pakistan to become major LNG importer by 2022

    ISLAMABAD: Pakistan says it could become one of the world’s top-five buyers of liquefied natural gas (LNG), with Petroleum Minister Shahid Abbasi predicting imports could jump more than five-fold as private firms build new LNG terminals...

    Outlining Pakistan’s ambitious plans ? which, if fully implemented, could shake up the global LNG market – Mr Abbasi said that imports could top 30 million tonnes by 2022, up from just 4...

  • Pakistan, Qatar sign $1 billion annual LNG supply deal

    ISLAMABAD: Pakistan and Qatar signed a long term liquefied natural gas (LNG) supply agreement on Wednesday in Doha as a part of Prime Minister's two day visit to the Middle Eastern country...

    The agreement was jointly signed by Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasiand and Chairman of Qatar Gas Board of Directors Saad Sherida Al-Kaabi at a ceremony in Diwan-e-Emiri in Doha, according to which the...

  • Qatargas to assess Pakistan preparedness before signing long-term LNG deal

    ISLAMABAD: Amid hiccups in the finalisation of financial arrangements for Liquefied Natural Gas (LNG) imports, a management delegation of Qatargas (QG) is expected to visit Islamabad next week for assessment of on-ground situation before committing a long-term deal...

    The finalisation of LNG supply chain has become all the more important given the fast approaching winter when domestic gas supplies would be facing extreme shortages...

  • Pakistan seeks 120 LNG cargoes for 2016-2020 delivery

    SINGAPORE: The Pakistan State Oil Company launched two tenders on Monday to buy 120 cargoes in total of Liquefied Natural Gas (LNG) over five years, setting a new bar for requirements following big recent purchases from Egypt and Jordan this year...

    A global glut in gas supplies has caused spot LNG prices to plunge, prompting some countries to take advantage of the cheap supplies to become importers for the first time...

  • $22bn deal for supply of LNG to Pakistan

    ISLAMABAD: Global Energy Infrastructure Ltd (GEIL) of Turkey and Qatargas on Friday announced signing of about $22 billion agreement for import of Liquefied Natural Gas (LNG) to Pakistan for 20 years...

    A statement issued by the GEIL, a company of Global Energy Group of Turkey, said it “concluded a 20-year long-term LNG Sale and Purchase Agreement (SPA) with Qatargas, a company owned by State of Qatar, for supply of LNG/RLNG to...

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