Qatar Offers LNG to Pakistan at Reduced Price

In meetings held on the sidelines of the ground breaking ceremony of Iran-Pakistan gas pipeline, Qatar offered to sell two million tons of liquefied natural gas to Pakistan annually at reduced rates and the offer letter has been received by the Ministry of Petroleum, Pakistan’s Dawn newspaper has said in a report.

“Based on this offer letter we are forwarding a summary to the cabinet meeting tomorrow for consent,” Dr Asim Hussain, Adviser to the PM on Petroleum, was quoted as saying.

The Qatari offer related to an unbundled project under which each segment of the import would be independent of each other and the Qatari government would be responsible only for the sale of LNG, Dawn said.

The transportation arrangements, handling in Pakistan and providing the gas to pipelines would be our responsibility, the adviser said.

Earlier, the Qatari government had offered LNG at around $18 per mmbtu and an official of the petroleum ministry said the new rate was expected to be $4-5 lower.