Pakistan, Qatar Stop LNG Negotiations

Pakistan has stopped negotiations with Qatar over the import price of LNG until the time potential suppliers participating in an LNG tender offer a competitive price, reports The Express Tribune newspaper.

The government has LNG tender seeking bids from international suppliers. Pakistan and Qatar LNG talks are going on separately.

“We will resume talks with Qatar on LNG import after receiving a competitive price through bids,” an official said. “We will set the price offered by the potential supplier as a benchmark in negotiations with Qatar.”

Qatar has assured Pakistan of a supply of 200 million cubic feet of LNG per day (mmcfd) to Pakistan next year.

According to officials, the government has planned to import LNG through three sources including supplies from Qatar in a state-to-state agreement, international bidding and spot purchases, adds The Express Tribune.