CAIRO: State-run Gulf Energy Company Qatargas is in the final stages of talks on a deal to supply Pakistan with 3 million tonnes of liquefied natural gas annually for 15 years, industry sources in Doha told Reuters on Wednesday.
The deal would help Pakistan tackle serious energy shortages and power cuts which can last up to 20 hours a day. Nearly half the country’s electricity is generated by gas and its output of 4.1 billion cubic feet per day is well short of demand for as much as 6bn, depending on the time of year.
One source said the deal would be signed in weeks, while a second said the first shipment would be received by March.
An official at Pakistan’s Ministry of Water and Power confirmed an LNG deal was planned but declined to give details. No-one at Qatargas, the world’s largest LNG producer, was available to comment.
Published in Dawn, February 19th, 2015
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