Pakistan Likely to Scrap Plans to Import Qatari LNG

Pakistan will likely scrap plans to import 500 mmcfd liquefied natural gas (LNG) from Qatar due to high price of the imported gas. Qatar has refused to reduce the price below $18 per mmbtu.

The Nation newspaper reported that Islamabad will formally convey Doha about the cancellation of import, which was to materialise during one year in accordance with a Memorandum of Understanding (MoU) inked in February.  

Sui Northern Gas Company Limited (SNGPL) and Sui Southern gas Company Limited (SSGCL) were to purchase Qatari gas to meet the growing requirements of the energy starved country.

Pakistan is facing a gas shortage of 1.5 to 2 Billion Cubic Feet (BCF) which during upcoming winter would reach 3 BCF.