ISLAMABAD – The government has convinced Qatar to supply 400 million cubicfeet per day (MMBFD) of Liquefied Natural Gas (LNG) to Pakistan on lowrates under fresh agreements, which would be signed in the near future,sources revealed on Thursday.
The government has convinced the Qatari government to supply LNG at cheaperrates, as compared to the rates and terms and conditions of LNG deal signedby the Pakistan Muslim League-Nawaz (PML-N) government.
They said that both the sides have almost settled major terms andconditions of the new LNG supply agreements, adding that both countrieswould sign two agreements in this regard.
“One agreement will remain effective for 10 years while the secondagreement will remain functional for 15 years. With the new LNG supplyagreements, Pakistan’s national exchequer will save approximately $2.5billion in 10 years,” said sources.
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“Qatar is likely to provide LNG to Pakistan at 11.5pc of crude oil priceunder the new ten-year agreement, while it may also provide LNG for 15years to Pakistan at 11.25pc of crude oil price.”
