Pakistan hoping to strike Qatar LNG deal

NLNG Gas Ship06 February 2014, News Wires – Pakistan is reportedly looking to buy liquefied natural gas from Qatar at a discounted rate to help alleviate its power supply crisis.

Bahrain-based newspaper Gulf Daily News quoted an unnamed Pakistani official as saying that Qatar wanted to sell the gas at market prices but Pakistan was hoping to negotiate a discounted rate.

“We expect the deal to be signed this month for an amount of 3.5 million tonnes per year,” the unnamed official was quoted as saying.

The source reportedly told the newspaper that officials would fly to Qatar later this month seeking to buy about 5% of Qatar’s annual LNG output at below international market rates.

– Upstream

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