Pakistan says LNG import from Qatar to continue
The alien gas is being utilized especially for appetite production, in a fertilizer sector, and acclimatisation to CNG for use in vehicles. PHOTO: REUTERS
KARACHI: Pakistan quickly changed to transparent a atmosphere in a arise of a tactful predicament that has engulfed Arab countries, observant that a blurb understanding of importing LNG from a Qatari association stays unaffected.
Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi pronounced Pakistan will continue to import a fuel from Qatargas to accommodate a appetite requirement, as it seeks to finish load-shedding in a country.
Pakistan has no skeleton to cut tactful ties with Qatar: FO
The matter comes during a heels of a growth that saw a series of Arab countries including Saudi Arabia and Egypt disjunction tactful ties with Qatar, accusing it of destabilising a region.
The remarkable pierce stirred speculators to couple a cut-off to Pakistan, that enjoys good ties with Saudi Arabia.
Abbasi, however, pronounced that a agreement stands and Pakistan will continue to import LNG.
“It is a blurb contract. Pakistan would continue to import LNG from Qatar,” Abbasi told The Express Tribune.
The agreement, sealed in Feb 2016, will capacitate Pakistan to import during slightest 35 million tons of LNG in 15 years during a rate of 13.35% of Brent wanton oil.
The fuel is a salvation for Pakistan, as it is partially assembly a appetite necessity worsened by roughly low gas prolongation over a years.
The alien gas is being utilized especially for appetite production, in a fertilizer sector, and acclimatisation to CNG for use in vehicles.
“There are no sanctions on Qatar as distant as we know … there is no probability of termination or check in a import of LNG from Qatar to Pakistan.”
Responding to a question, Abbasi pronounced a supervision would cruise options if and when Qatar faces any arrange of general mercantile sanctions from a United Nations or a US.
At present, Pakistan is importing around 600 million cubic feet per day (mmcfd) LNG from Qatargas. Imports are set to double in a subsequent 5 to 6 months when a second LNG import depot becomes operational in Pakistan.
Delay in LNG terminal, gas imports
Meanwhile, Abbasi pronounced there is a four-to-six week check in creation a second LNG import depot operational during Port Qasim, Karachi. The Pakistan LNG Terminal Limited was to turn operational by Jun 2017.
The check is on partial of a government. “We are prepared to compensate a depot charges that might be caused due to a check in imports,” he told.
Saudi, Bahrain, Egypt and UAE cut ties with Qatar
Domestic direct for gas has shot adult to 7 billion cubic feet per day (bcfd) opposite internal prolongation of 4bcfd. Local prolongation has remained low for a final 15 years. “The nation would do divided with a necessity gas prolongation by importing 3bcfd by Dec 2018.”
Published in The Express Tribune, Jun 8th, 2017.
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Article source: https://tribune.com.pk/story/1430043/pakistan-says-lng-import-qatar-continue/