Pakistan Continues LNG Import Talks With India

Pakistan has decided to continue LNG import talks with India, according to Business Recorder.

Both parties recently held talks in New Delhi the next round of talks is expected in a couple of weeks in Islamabad as the officials from GAIL India are expected to visit Pakistan.

Sources in the Pakistan’s Ministry of Petroleum and Natural Resources told Business Recorder on Friday that recently a high-level Pakistani delegation headed by Mobin Solut, Managing Director (MD) Inter-State Gas System (ISGS) visited India to hold talks on the LNG import from India.

"Both sides discussed the term-sheet, commodity prices, building of infrastructure and other necessary things related to LNG supply from India to Pakistan via Wagha area of Lahore," the Petroleum Ministry official said.

Pakistan, which is facing severe energy shortage, is looking to import 200 mmcfd of LNG from India. Pricing and other commercial negotiations are currently being negotiated.

India is importing LNG in the range of $13 and $14 per mmbtu and has offered Pakistan LNG at $21 per mmbtu after including customs or import duty, pipeline transportation charges and local taxes, Business Recorder adds.

India has proposed to lay a 110-km pipeline from Jalandhar to the Wagha border via Amritsar to supply natural gas to Pakistan.

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