Pakistan to ink LNG import accords with major African countries
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Pakistan government to sign agreements with big African LNG exporters Nigeria and Algeria to overcome the energy needs of the country in coming years.
The plan sees the country doubling its Liquefied Natural Gas (LNG) imports by inking agreements with Algeria and Nigeria by the end of this year.
It will be a government-to-government gas supply agreement and currently Pakistan is importing 4.5m tons of LNG a year, which is expected to double to 9m tons by end of 2017.
The country’s demand is expected to grow by 20m tons within a span of three years and to 30m tons in five years, according to projected forecasts.
