Can Pakistan Use Qatar LNG Price Leverage For Better Iran Gas Deal?
From the Blog riazhaqPakistan has recently negotiated a good bargain with Qatar for importing $16 billion worth of liquified natural gas (LNG). Pakistan will import as much as 20 million tons of the super-chilled gas annually from various sources including Qatar, enough to fuel about two-thirds of Pakistan’s power plants. Gas shortage has idled half the nation’s generators. A 75 percent drop in LNG prices since 2014 has dramatically reduced the cost of the South Asian country’s energy needs, according to a Bloomberg report. LNG arriving in Pakistan from Qatar will fetch 13.37% of the preceding three-month average price of a Brent barrel (considering the present Brent price as a proxy, that would equate to $167.5 per 1000 cubic meters), according to a report in Azerbaijan's Trend News. It translatepakistanblogs.blogspot.comRead Full Post
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