Pakistan takes policy decision on economic ties with Qatar after Saudi isolation hit

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Pakistan takes policy decision on economic ties with Qatar after Saudi isolation hit

ISLAMABAD: Pakistan has clarified that the commercial deal of importing LNG from a Qatari company would remain effective.

In what appears to be a policy statement, Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said Pakistan will continue to import the fuel from Qatargas to meet its energy requirement and to eradicate load-shedding.

“It is a commercial contract. Pakistan would continue to import LNG from Qatar,” Abbasi told The Express Tribune.

The minister clarified that there was no sanction on Qatar and claimed that there was no possibility of cancellation or delay in the import of LNG from Qatar.

However, Abbasi said there is a four-to-six week delay in making the second LNG import terminal operational at Port Qasim, Karachi.

“The Pakistan LNG Terminal Limited was to become operational by June 2017,” said the minister and added that Pakistan was ready to pay the terminal charges that may be caused due to a delay in imports.

Pakistan signed the LNG deal with Qatar back in February 2016 and it will enable Pakistan to import at least 35 million tons of LNG in 15 years at the rate of 13.35% of Brent crude oil.