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    Pakistan to Sign LNG Deal With Qatar This Month

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Summary

Pakistan is finally expected to sign long-term LNG import deal with Qatar later this month, according to local newspaper The New.

by: Shardul

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Asia/Oceania

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Pakistan to Sign LNG Deal With Qatar This Month

Pakistan is finally expected to sign long-term LNG import deal with Qatar later this month, according to local newspaper The News.

The Economic Coordination Committee (ECC) is expected to give approval to the 15-year deal for the purchase of LNG from Qatar at its meeting on November 5. Pakistan will purchase three million tons of fuel every year whose price will be linked to Brent crude oil.

The gas will be provided to power and fertilizer companies.

According to the agreement Qatar will provide four ships of LNG every month, The News reported Sunday.

The South Asian nation has been facing severe gas shortage which has led to frequent blackout and caused decline in industrial activity. 

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