Sunday 7 July 2013

LNG from Qatar: Govt going to import costly gas

"Pakistan is pressing ahead with importing LNG from Qatar on government-to-government basis despite Doha's offered volumes being lower and price higher than those in the LNG tender recently scrapped by the Economic Coordination Committee (ECC).
The ECC, sources said, has directed the Petroleum Ministry to negotiate import of 500 mmcfd LNG from Qatar, which official sources is within the realm of impossibility as Qatar is unable to offer more than 300 mmcfd LNG to Pakistan.
In March 2013, Qatar offered to provide 250mmcfd to Pakistan at $17.437/mmbtu. But this offer did not include the cost of infrastructure necessary to receive and relay LNG in Pakistan. With the infrastructure cost of at least $200 million factored in, Qatar LNG works out at $19.521/mmbtu."

'via Blog this'

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